Balwyn

Balwyn, VIC 3103, is a vibrant suburb with a population of approximately 13,500 residents. The suburb has a mix of age groups, with a significant number of residents aged between 5 to 64 years. Balwyn offers various commuting options, with a notable percentage of residents working from home. The suburb boasts a high ICSEA percentile for government schools, indicating educational advantages for students. The median household income is relatively high, reflecting the suburb's affluence. For house investors, Balwyn presents a stable market with a notable number of houses available. The suburb has a low social housing ratio, making it an attractive choice for property developers and homebuyers. The sale price IQR ratio for houses suggests opportunities for renovators. On the other hand, unit investors can benefit from the high rental yield and positive median growth. With a considerable number of units for sale, investors can explore diverse options in the Balwyn market. Balwyn, VIC 3103, offers a desirable lifestyle with strong investment potential. The suburb's affluent demographic profile, educational advantages, and commuting convenience make it an attractive location for both homeowners and investors. With diverse property options available, ranging from houses to units, Balwyn provides opportunities for individuals looking to make a sound and profitable property investment in a well-established suburb. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022