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
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 | |
|---|---|---|---|---|---|---|---|
| Sept | 0.9 | 9.5 | 23.6 | 22.9 | 67.8 | 3.9 | 19.3 |
| Oct | 0.9 | 13.3 | 27.7 | 19.5 | 62.5 | 3.9 | 23.9 |
| Nov | 1.4 | 16.7 | 30.9 | 17.3 | 56.1 | 4.1 | 27.0 |
| Dec | 0.9 | 19.6 | 33.8 | 16.8 | 54.0 | 4.1 | 28.5 |
| Jan | 1.1 | 22.2 | 36.4 | 16.8 | 54.2 | 4.2 | 27.3 |
| Feb | 1.4 | 20.6 | 33.9 | 22.6 | 61.6 | 4 | 24.2 |
| Mar | 1.4 | 17.5 | 30.6 | 26.4 | 67.0 | 3.7 | 20.3 |
| Apr | 1.0 | 13.3 | 26.2 | 28.3 | 72.9 | 3.2 | 17.0 |
| May | 1.0 | 8.7 | 20.5 | 36.5 | 82.5 | 3.2 | 12.9 |
| Jun | 1.4 | 6.4 | 16.7 | 46.7 | 91.3 | 3.2 | 10.6 |
| Jul | 0.7 | 5.5 | 16.8 | 40.7 | 85.7 | 3.4 | 12.0 |
| Aug | 0.6 | 6 | 18.7 | 31.1 | 77.7 | 3.5 | 14.6 |
source: Australian Government Bureau of Meteorology
Recently Sold Properties / House Prices
| 11-10-2024 | $100,000 | 60 LEICHHARDT ST |
| 30-08-2024 | $9,000 | 41 COLUMBUS ST |
| 10-05-2024 | $50,000 | 52 RALEIGH ST |
| 05-04-2024 | $15,000 | 70 JOHN ST |
| 26-03-2024 | $100,000 | 8063 TERYAWYNIA-COOLAMINYAH RD |
| 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 |
Internet Speed
Nearby Suburbs
Public Transport
Ivanhoe - Greater then 10KM
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