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Banyule
VIC, 3079

Thinking about buying in Banyule? Now could not be a better time, with 9104 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,851,000 with prices in this suburb ranging from $414,000 to $13,053,000. Banyule is located fairly close to the coast at just 8Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $439.70
Median Monthly Mortgage $2553.40
Median Persons Per Bedroom 0.85
Average Household Size 2.50
Average Age 42.95
Average Income $1089.15
Average Cars Per Dwelling 1.67
Average Properties Within 50M 99

Housing Stock

Average Property Prices

1 Bed  $1,054,000
2 Bed  $1,265,000
3 Bed  $2,063,000
4 Bed  $3,138,000
5 Bed  $3,712,000
6 Bed+$4,459,000

Banyule Real Estate Market Outlook

In Banyule there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Banyule is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Banyule leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Banyule the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.


Local Schools

Ivanhoe Primary School

Mary Immaculate School

St Bernadette's School

Ivanhoe Grammar School

Ivanhoe Girls' Grammar School

Waratah Special Developmental School

Alphington Grammar School

Distance Education Centre Victoria

Ivanhoe East Primary School

Thornbury High School

(While the above schools are located with the suburb of Banyule there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Banyule weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Sept0.99.523.622.967.83.919.3
Oct0.913.327.719.562.53.923.9
Nov1.416.730.917.356.14.127.0
Dec0.919.633.816.854.04.128.5
Jan1.122.236.416.854.24.227.3
Feb1.420.633.922.661.6424.2
Mar1.417.530.626.467.03.720.3
Apr1.013.326.228.372.93.217.0
May1.08.720.536.582.53.212.9
Jun1.46.416.746.791.33.210.6
Jul0.75.516.840.785.73.412.0
Aug0.6618.731.177.73.514.6

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

22-11-2023 $75,000 4 BALRANALD RD
22-11-2023 $15,000 56 LEICHHARDT ST
22-11-2023 $75,000 4 BALRANALD RD
22-11-2023 $15,000 56 LEICHHARDT ST
06-10-2023 $70,000 25 COLUMBUS ST
01-09-2023 $10,000 40 JOHN ST
31-07-2023 $3,000 4 BALRANALD RD
09-02-2023 $30,000 68 COLUMBUS ST
09-12-2022 $6,000 44 COLUMBUS ST
27-07-2022 $8,000 75 COLUMBUS ST
24-06-2022 $20,000 87 COLUMBUS ST
25-05-2022 $100,000 40489 COBB HWY
17-03-2022 $130,000 10 BALRANALD RD
20-12-2021 $50,000 35 LIVINGSTONE ST
01-12-2021 $5,000 31 FRANKLIN ST
08-11-2021 $45,000 42 COLUMBUS ST
01-11-2021 $5,500 56 JOHN ST
20-10-2021 $15,000 34 LEICHHARDT ST
28-09-2021 $70,000 23 COLUMBUS ST
31-08-2021 $742,538 642 SURVEYORS LAKE RD
20-08-2021 $5,000 68 COLUMBUS ST
05-08-2021 $15,000 52 JOHN ST
19-04-2021 $65,000 36 LEICHHARDT ST
18-03-2021 $25,000 42 JOHN ST
25-02-2021 $22,000 40 LEICHHARDT ST
21-12-2020 $7,000 47 LEICHHARDT ST
15-12-2020 $50,000 17 COLUMBUS ST
14-12-2020 $10,000 70 JOHN ST
10-12-2020 $900 13 COLUMBUS ST
10-12-2020 $8,000 10 KENNEDY ST
10-12-2020 $1,000 41 COLUMBUS ST
10-12-2020 $7,000 3 BALRANALD RD
10-12-2020 $225 50 RALEIGH ST
10-12-2020 $900 13 COLUMBUS ST
10-12-2020 $8,000 10 KENNEDY ST
10-12-2020 $7,000 3 BALRANALD RD
30-09-2020 $6,000 34 COLUMBUS ST
30-09-2020 $3,655,549 2701 CONOBLE TRIDA RD
08-09-2020 $6,340,000 7542 BADEN PARK RD
07-08-2020 $700,000 15 COLUMBUS ST
24-07-2020 $30,000 29 RALEIGH ST
17-07-2020 $110,000 8 COLUMBUS ST
05-06-2020 $5,000 43 LEICHHARDT ST
03-06-2020 $5,000 44 COLUMBUS ST
24-04-2020 $43,000 38 LIVINGSTONE ST
24-04-2020 $18,000 44 RALEIGH ST
16-04-2020 $3,943,147 17599 COBAR-IVANHOE RD
21-02-2020 $5,000 44 COLUMBUS ST
21-02-2020 $14,000 40 LEICHHARDT ST
18-12-2019 $3,000 25 COLUMBUS ST

Internet Speed


Nearby Suburbs

IvanhoeIvanhoe EastAlphingtonEaglemontKew EastHeidelberg HeightsHeidelbergFairfieldHeidelberg WestThornbury

Public Transport


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