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Benalla, VIC 3672

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Benalla, VIC 3672 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Benalla, VIC 3672”

  1. The total adult population (15 years or older) of Benalla 3672 VIC is 9,306, with a median age of 51. Of those, 43.52% are married, 16.47% are divorced or separated, 30.87% are single and 9.10% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $6,084. The median monthly mortgage repayment for households in this suburb is $1,253 which is 20.60% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated within the state of Victoria, the suburb of Benalla 3672 hosts approximately 6,568 households. Analytics from Q3 of 2023 disclose a typical house price in Benalla as $527,698. With a median weekly rent set at $416, the resulting indicative yield measures an attractive 4.1%.

    Benalla garners an IRSAD score of 922 of a possible 1217, proclaiming a reasonably high socio-economic position with an above-average access to resources and prospects. The data reveal a renter to owner ratio of 26%, placing the suburb within the favourable range for investment, as it indicates a lower risk market with limited competition among property investors.

    The suburb’s units to houses ratio is a low 8%. This signifies a favorable market condition because it reduces competition among landlords for tenants, ergo maintaining stronger rental yields, and appeals more to families, encouraging longer tenancy periods.

    The affordability index for Benalla houses stands at 34 years. This number falls within the unfavourable range as it surpasses the standard 30-year mortgage assumption. However, it requires contextual interpretation with respect to broader socio-economic and investment metrics.

    Analyzing the supply metrics, stock on market Percentage for houses is at 0.66%, landing within the neutral zone. Monthly inventory for houses averages at 2.58 months, indicating a favourable low supply market, thereby suggesting potential for price appreciation. The building approvals Ratio hit 1.13%, also leaning into the favourable bracket, indicating limited new supply, which may lead to increased property prices.

    The average days on market for houses tallies at 76, indicating a neutral demand status. The combination of houses and units sees a vacancy rate of 2.36%, falling within the moderate demand range. Combined with a buy search index of 3, this spells out as a mildly neutral demand market for houses in Benalla.

    While most metrics are favourable or neutral for investing in Benalla’s property market, it’s key to understand the fluctuating nature of property markets and keep an eye on the future trends. A good tool to assist with this is the Relative Composite Score by HtAG Analytics, which consolidates vast market data for more in-depth research and analysis.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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