Balwyn is a well-established suburb in Victoria within the Boroondara local government area (postcode 3103). With a population of 13,495, the suburb has an established demographic with a median age of 43. Households earn a median income of $103K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Balwyn is $2.9 million, having declined 3.3% over the past year. Units have a median price of $831,000 (-6.4% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $3,000.
Balwyn is served by 4 schools, including 1 primary, 1 combined, 2 special. The average ICSEA score is 1137, which is well above the national average of 1,000. Public transport access includes 47 bus stops. The crime rate in the Boroondara LGA is moderate at 5,549 incidents per 100,000 population.
From an investment perspective, Balwyn offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.9M/$875K), placing it in the premium segment. The price-to-income ratio of 27.9x is considered stretched. House prices have moved -3.3% year-on-year.
Balwyn is a well-established suburb in Victoria within the Boroondara local government area (postcode 3103). With a population of 13,495, the suburb has an established demographic with a median age of 43. Households earn a median income of $103K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Balwyn is $2.9 million, having declined 3.3% over the past year. Units have a median price of $831,000 (-6.4% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $3,000.
Balwyn is served by 4 schools, including 1 primary, 1 combined, 2 special. The average ICSEA score is 1137, which is well above the national average of 1,000. Public transport access includes 47 bus stops. The crime rate in the Boroondara LGA is moderate at 5,549 incidents per 100,000 population.
From an investment perspective, Balwyn offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.9M/$875K), placing it in the premium segment. The price-to-income ratio of 27.9x is considered stretched. House prices have moved -3.3% year-on-year.