Mortgage Broker Benalla

Mortgage Broker Benalla | Home Loans

 

Benalla is a small city located on the Broken River gateway to the High Country north-eastern region of Victoria. The city is 212 kilometres north east of the state capital Melbourne with a population of roughly 10,000 (2021)

Investors saw the median home price rise to $430,000 in Benalla. Profits due to an upward trend in home prices averaged 7.04% per annum over a 3-year period - real estate investors could earn a rental income of $440 based on current median home prices.

With the median unit price in Benalla sitting at $300,000, and the average rent at $350, property owners could potentially earn a 6.07% increase in gross rental yield. Property investors have seen a 3.45% gain in Benalla based on an increase in median home prices for the past three months.

 

*As at 25/11/2024 (Data sourced from Realestate.com.au/Core Logic & amp; Smart Property Investment)

 

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Contact Wayne Smith and the team at Mortgage Choice on 02 6056 4433 or email wayne.smith@mortgagechoice.com.au