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Benowa, QLD 4217
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,815,000
market range $1.7M-$2.1M
Median Unit
$1,000,000
market range $925K-$1.2M
Gross Yield (houses)
3.9%
1yr Growth (houses)
+16.9%
market range +5.0% to +22.5%
Investment snapshot for Benowa
Benowa has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Benowa market and investor summary
In Benowa, QLD 4217, the median house sells for around $1.8M, on a gross rental yield of 3.9% for houses. House prices have moved +16.9% over the past year and +19.5% over three years. At 2.0% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.9% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 2.0% and a resident base that is not shrinking.
Living in Benowa: people, income and schools
Benowa has a resident population of roughly 9,889, and the area has been growing steadily, up about 17% over five years. At a median age of 44, it reads as skewed a little older, and 75% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $100,000 a year (about $1,920 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 a steep 18.2 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 34% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 28 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Benowa sits about 69 km from the CBD. It is fairly car-dependent; the suburb scores 36 for walkability and 2 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 9,889
- +17% over 5yr
- Median age
- 44 years
- Median household income
- $100,000/yr
- Households renting
- 21%
- Family households
- 78%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 28
- avg ICSEA 1071
- Unemployment
- 3.0%
- Distance to CBD
- 69 km
- Walk score
- 36/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Benowa
View all →Frequently asked questions about Benowa
What should I check before investing in Benowa?
Benowa has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +16.9% in the past year shows strong recent price momentum. Tight rental market (2.0% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Benowa?
The median property price in Benowa, QLD 4217 is $1.8M for houses and $1M for units.
What rental yield does Benowa show?
The gross rental yield in Benowa is 3.9% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Benowa?
House prices in Benowa are up 16.9% over the past year and up 19.5% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Benowa?
The current vacancy rate in Benowa is 2.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Benowa?
Benowa has a population of approximately 9,889 residents, with a median age of 44.
What schools are near Benowa?
There are 28 schools within roughly 5km of Benowa. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Benowa affordable to buy in?
A median house in Benowa costs about 18.2 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Benowa's population growing?
The population of Benowa has grown about 17% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Benowa from the CBD?
Benowa is about 69 km from the CBD.
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