Benalla is Victoria's slowest market for selling townhouses: Investar

Benalla is Victoria's slowest market for selling townhouses: Investar
Benalla is Victoria's slowest market for selling townhouses: Investar

Benalla is ranked as one of Victoria's slowest selling locations for townhouses, according to Investar’s latest market report.

The property investment firm states that an average two bedroom townhouse in Benalla can expect to be on the market for 458 days before being sold.

This is followed by Iverloch at 451 days and Shepparton at 403 days.

Suburb Postcode Dwelling type Bedrooms Days on market
Benalla 3672 Townhouse 2 458
Iverloch 3996 Townhouse 3 451
Shepparton 3630 Townhouse 2 403
Sehpparton 3630 Townhouse 3 388
Bendigo 3550 Townhouse 3 384

This list was produced using live on the market sales listing data.

It is also calculated by distinguishing between both dwelling type and bedroom number level. It is designed to identify the slowest moving suburbs based on the average days a listing spends on the market at a suburb and property type level.

High average days on market indicates that the market is turning over stock slowly which may indicate that demand is weaker than supply creating a stronger negotiation point for buyers.

Townhouses for sale at Benalla at the median price of $202,000 include a two bedroom townhouse at 2/39 Market St (above) that is for sale for $205,000. It last traded for $160,000 in 2014.

Similarly, a two bedroom townhouse at 9 Riverview Road (below) is for sale for $220,000. It last traded for $205,000 in 2011.

Benalla is Victoria's slowest market for selling townhouses: Investar

Tags: 
Townhouse Market Investar Benalla

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