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Benalla, VIC 3673
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$445,000
Median Unit
$315,000
Gross Yield (houses)
5.9%
1yr Growth
-
Investment snapshot for Benalla
Benalla has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Benalla market and investor summary
Benalla (VIC 3673) runs a median house price of $445K, with houses yielding a gross 5.9%. At 3.0% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 5.9% does more of the early heavy lifting than capital growth usually would at this price point. Houses also take time to sell, around 104 days on market, so plan for a slower exit if you ever need one.
Living in Benalla: people, income and schools
About 10,822 people live in Benalla, a number that has held fairly steady over five years. The median age is 51, an older, established demographic, and families account for 61% of households.
Households here earn a median of about $59,000 a year, or roughly $1,140 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to about 7.5 times local household income, in line with much of metropolitan Australia. Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.
There are 12 schools within about 5km, testing close to the national school average on ICSEA. Most day-to-day errands are doable on foot; the suburb scores 80 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 10,822
- +1% over 5yr
- Median age
- 51 years
- Median household income
- $59,000/yr
- Households renting
- 26%
- Family households
- 61%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 12
- avg ICSEA 1009
- Unemployment
- 3.1%
- Walk score
- 80/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Benalla
No properties currently listed in Benalla
Search Benalla listings →Frequently asked questions about Benalla
What should I check before investing in Benalla?
Benalla has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid house gross rental yield of 5.9%, giving a stronger rent-to-price starting point than many suburbs. Walkability score of 80 broadens the tenant pool beyond car-dependent renters. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Benalla?
The median property price in Benalla, VIC 3673 is $445K for houses and $315K for units.
What rental yield does Benalla show?
The gross rental yield in Benalla is 5.9% for houses and 3.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Benalla?
The current vacancy rate in Benalla is 3.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Benalla?
Benalla has a population of approximately 10,822 residents, with a median age of 51.
What schools are near Benalla?
There are 12 schools within roughly 5km of Benalla. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Benalla affordable to buy in?
A median house in Benalla costs about 7.5 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Benalla's population growing?
The population of Benalla has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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