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Banyule
VIC, 3094

Thinking about buying in Banyule? Now could not be a better time, with 4824 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,315,000 with prices in this suburb ranging from $537,000 to $4,800,000. The aproximate distance to the coast is 17 Km.

Household Makeup

Median Weekly Rent $406.57
Median Monthly Mortgage $2202.00
Median Persons Per Bedroom 0.77
Average Household Size 2.43
Average Age 44.00
Average Income $930.14
Average Cars Per Dwelling 1.67
Average Properties Within 50M 13

Housing Stock

Average Property Prices

1 Bed  $1,010,000
2 Bed  $939,000
3 Bed  $1,319,000
4 Bed  $1,765,000
5 Bed  $1,986,000
6 Bed+$1,714,000

Banyule Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Banyule driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Banyule ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Banyule classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Banyule requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Houses for sale Banyule

Nelson Alexander 67 BUENA VISTA DR, MONTMORENCY, VIC, 3094 Beds2 Bathrooms1 Parking 1 Private Sale $1,580,000
Ray White UNIT 1, 29 STARLING ST, MONTMORENCY, VIC, 3094 Beds3 Bathrooms2 Parking 2 1400000

Local Schools

Montmorency South Primary School

Montmorency Primary School

Montmorency Secondary College

St Francis Xavier's School

Sherbourne Primary School

Lower Plenty Primary School

Briar Hill Primary School

Eltham High School

Catholic Ladies' College Ltd

Streeton Primary 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
Nov1.711.123.440.694.73.221.6
Dec1.812.826.436.6933.225.4
Jan1.714.828.835.991.93.223.6
Feb1.214.628.138.092.62.820.2
Mar1.412.824.841.793.52.614.8
Apr2.110.321.347.296.62.410.8
May1.78.417.554.595.52.87.6
Jun1.86.014.364.398.22.36.4
Jul1.46.414.261.197.32.97.4
Aug1.96.014.653.896.23.09.6
Sept1.67.818.145.895.43.114.1
Oct1.69.521.343.4953.218.5

source: Australian Government Bureau of Meteorology


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Nearby Suburbs

MontmorencyLower PlentyGreensboroughEltham NorthYallambieElthamSt HelenaViewbankWatsoniaWatsonia North

Public Transport


General Points of Interest

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