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Benalla vs East Bairnsdale

Property investment comparison - Benalla, VIC 3673 vs East Bairnsdale, VIC 3875

Head-to-head across core investment metrics: Benalla wins 2, East Bairnsdale wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricBenallaEast Bairnsdale
Median house price$445K$450K
Median unit price$315K-
Gross rental yield (houses)5.87%5.41%
Gross rental yield (units)3.31%5.32%
1-year house growth-+18.2%
3-year house growth-+21.6%
Vacancy rate3.0%1.5%
Population10,8221,352

Benalla vs East Bairnsdale: what the numbers say

The median house price is $445K in Benalla and $450K in East Bairnsdale, so Benalla is the cheaper entry point, with East Bairnsdale houses about 1% dearer.

On cash flow, Benalla leads: houses there return a gross rental yield of 5.87%, compared with 5.41% in East Bairnsdale, a gap of 0.46 percentage points.

Rental vacancy is 1.5% in East Bairnsdale and 3.0% in Benalla, so landlords in East Bairnsdale face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Benalla is the bigger suburb, with a population of 10,822 against 1,352, roughly 8 times the size of East Bairnsdale; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Benalla for rental income, Benalla for a lower purchase price, East Bairnsdale for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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