Benalla is a well-established suburb in Victoria within the Benalla local government area (postcode 3672). With a population of 10,822, the suburb has a mature demographic with a median age of 51. Households earn a median income of $59K per year, with an average household size of 2.1 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Benalla is $440,000, having increased 3.5% over the past year. Units have a median price of $309,000 (+2.1% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,253.
Benalla is served by 5 schools, including 1 primary, 1 secondary, 2 combined, 1 special. The average ICSEA score is 1014, which is around the national average of 1,000. Public transport access includes 5 rail stations, 49 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Benalla LGA is higher than average at 10,557 incidents per 100,000 population.
From an investment perspective, Benalla offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($440K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.4x is considered moderate. House prices have moved +3.5% year-on-year.
Benalla is a well-established suburb in Victoria within the Benalla local government area (postcode 3672). With a population of 10,822, the suburb has a mature demographic with a median age of 51. Households earn a median income of $59K per year, with an average household size of 2.1 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Benalla is $440,000, having increased 3.5% over the past year. Units have a median price of $309,000 (+2.1% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,253.
Benalla is served by 5 schools, including 1 primary, 1 secondary, 2 combined, 1 special. The average ICSEA score is 1014, which is around the national average of 1,000. Public transport access includes 5 rail stations, 49 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Benalla LGA is higher than average at 10,557 incidents per 100,000 population.
From an investment perspective, Benalla offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($440K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.4x is considered moderate. House prices have moved +3.5% year-on-year.