The Benalla median house price is $458,000 as of the April–June 2025 quarter, according to DataVic/REIV data, reflecting a modest quarterly gain of 0.8% and a year-on-year change of -1.6%. For buyers, sellers, and investors assessing the Benalla property market in 2026, this figure is the essential starting point — but the full picture requires understanding how land, units, and demographic trends interact to shape value in this regional Victorian town.

What Is the Benalla Median House Price Right Now?

Based on DataVic/REIV data sourced via Collings Real Estate’s CRM dataset, the headline figures for Benalla as of the April–June 2025 quarter are:

• Median house price: $458,000 (QoQ: +0.8%, YoY: -1.6%)
• Median land price: $190,000 (QoQ: +1.3%, YoY: -2.6%)
• Median unit price: $345,000 (QoQ: +16.8%, YoY: +1.3%)

The standout figure is the unit sector, which surged 16.8% quarter-on-quarter to a median of $345,000. While this movement should be interpreted with caution given the typically lower transaction volumes in smaller regional markets (which can amplify percentage swings), it does suggest renewed demand from downsizers and investors in the attached-dwelling segment.

House prices, by contrast, have held relatively stable. A 1.6% year-on-year decline is mild by historical standards and consistent with the broader softening seen across many regional Victorian markets following the post-pandemic price surge. Land values at $190,000 similarly reflect a modest correction of 2.6% year-on-year, though the quarterly uptick of 1.3% hints that demand for building blocks is beginning to firm again.

For context on how regional values compare with Melbourne’s inner-north suburbs, you can explore our analysis of the median house price in Reservoir, which sits at the more affordable end of Melbourne’s metropolitan spectrum.

What Do the Demographics Tell Us About Benalla Property?

Understanding who lives in Benalla helps explain why the property market behaves the way it does. According to ABS Census 2021 data (via Collings Real Estate’s CRM dataset), Benalla has:

• Population: 10,822
• Median age: 51.0 years
• Median household income: $1,142 per week
• Median rent: $250 per week

The median age of 51 years is notably higher than the Australian national median of approximately 38 years, pointing to an established, owner-occupier-dominated community with a significant retiree and pre-retiree cohort. This demographic skew has several implications for the market:

• Demand for smaller, lower-maintenance dwellings (which may explain the unit price spike) is likely to grow as the population ages.
• Turnover of larger family homes could increase as long-term owners downsize, potentially adding supply to the house segment.
• The median household income of $1,142 per week is well below the Victorian median of around $1,759 per week (ABS Census 2021), which places a natural ceiling on how far house prices can stretch without external investor demand.

The median rent of $250 per week is low by metropolitan standards. Investors calculating gross rental yields on the median house price of $458,000 at $250 per week would see an indicative gross yield of approximately 2.8%. This compares unfavourably with higher-yielding metropolitan pockets — for example, see how the median house price in Thornbury stacks up against its rental income profile.

What Are the Key Considerations for Buying, Selling, or Investing in Benalla?

Buying in Benalla

For buyers, Benalla offers genuine affordability relative to metropolitan Victoria. At a median of $458,000, a house in Benalla is attainable for first-home buyers and those relocating from high-cost cities. The town sits on the Hume Freeway corridor approximately 200 kilometres north-east of Melbourne, offering reasonable access for those who work remotely or commute periodically. Key considerations include:

• Assessing local employment anchors (health, education, agriculture, and services dominate the local economy).
• Checking flood overlay and bushfire risk mapping through the relevant council and DELWP portals before purchasing.
• Factoring in the lower rental demand if purchasing as an investment property, given the modest median rent of $250 per week.

Selling in Benalla

Vendors in Benalla should note that while the year-on-year price movement of -1.6% is a modest decline, the quarterly improvement of +0.8% suggests the market may be finding a floor. Presentation, accurate pricing at or near the DataVic/REIV median, and targeted marketing to both local buyers and Melbourne-based tree-changers are all critical to achieving a strong result. Overpricing in a market with limited comparable sales volume is a common and costly mistake.

Investing in Benalla

For investors, the maths of buying Benalla property must stack up on cash flow rather than relying purely on capital growth. At present values, gross yields of around 2.8% on the median house price are below most investors’ thresholds when accounting for rates, insurance, management fees, and maintenance. Land banking may offer longer-term upside for patient investors, particularly given infrastructure investment along the Hume Corridor. The median land price of $190,000 keeps entry costs low.

If you are comparing regional and metropolitan investment options side by side, our breakdown of the median house price in Northcote provides a useful metropolitan benchmark at a very different price point.

How Does Collings Real Estate Help with Benalla Property?

Collings Real Estate brings together data-driven insight and personalised service to help clients navigate the Benalla property market with confidence, whether they are buying, selling, or exploring investment options.

Free Property Appraisal

The most important first step for any vendor or investor is understanding what your Benalla property is worth in the current market. Our team provides free, no-obligation property appraisals grounded in the latest DataVic/REIV transaction data, comparable sales analysis, and local market knowledge. There is no guesswork — just an accurate, current valuation to inform your next move.

To request your free appraisal, contact Collings Real Estate directly:

• Phone: 03 9486 2000
• Email: info@collings.com.au
• Office: 230 Waterdale Road, Ivanhoe, VIC 3079

Off-Market and Portal Access

Our property portal gives buyers and investors early access to listings before they hit the open market. If you are serious about buying in Benalla or want to monitor price movements in regional Victoria, registering for portal access is a practical advantage. Sign up at collings.com.au/portal to get started.

Why Data Accuracy Matters

The figures on this page are sourced from DataVic/REIV via Collings Real Estate’s CRM dataset and ABS Census 2021. We do not round, extrapolate, or fabricate numbers. When you engage Collings, you are working with an agency that treats accurate market data as a professional obligation, not a marketing exercise. That same rigour applies to every appraisal, listing strategy, and investment recommendation we provide.

Frequently Asked Questions About Benalla House Prices

What is the current median house price in Benalla?

The median house price in Benalla is $458,000 as of the April–June 2025 quarter, according to DataVic/REIV data. This represents a quarterly increase of 0.8% and a year-on-year decrease of 1.6%.

What is the median unit price in Benalla?

The median unit price in Benalla is $345,000 for the April–June 2025 quarter, a significant quarterly gain of 16.8% and a year-on-year increase of 1.3% (DataVic/REIV).

What is the median land price in Benalla?

The median land price in Benalla is $190,000 for the April–June 2025 quarter, up 1.3% quarter-on-quarter but down 2.6% year-on-year (DataVic/REIV).

What is the median rent in Benalla?

According to ABS Census 2021 data, the median rent in Benalla is $250 per week. This implies a gross rental yield of approximately 2.8% on the current median house price.

Is Benalla a good place to invest in property?

Benalla offers low entry prices (median house $458,000, land $190,000) but modest rental yields and limited short-term capital growth momentum. Investors should weigh cash flow carefully. A free appraisal from Collings Real Estate can help assess specific opportunities.

Whether you are considering selling in Benalla, making your first purchase, or evaluating a regional investment strategy, accurate data and experienced guidance make the difference. Contact Collings Real Estate on 03 9486 2000 or email info@collings.com.au to request your free property appraisal today.