Balwyn North
3104 VIC
Balwyn North, VIC 3104 is a vibrant suburb with a population of 21,302. The area has a diverse age group distribution, with a significant number of residents aged 5 to 19 years and 45 to 64 years. The suburb offers good commuting options, with a high percentage of residents working from home. The educational advantage for students in the local government schools is relatively high at 94.2 ICSEA percentile.
For house investors, Balwyn North presents an opportunity for renovation projects due to the wide range in property prices and SalePrice IQR ratio of 48.4%. The suburb has shown a median growth rate over 10 years. Units in Balwyn North offer a decent yield, low vacancy rate, and a steady long-term growth rate, making them attractive for investors looking for stable returns.
Balwyn North, VIC 3104 is a well-established suburb with strong investment potential for both house and unit investors. The area's demographics indicate a mix of age groups, good commuting options, and high educational advantages for students. The suburb's property market offers opportunities for renovation projects, stable rental yields, and long-term growth, making it an appealing choice for those looking to invest in the area.
Sources:
- proptechdata.com.au
- Australian Bureau of Statistics (ABS) Census 2021
- Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Neighbouring Suburbs
Suburb Highlights
Pricing and long-term growth profile for Balwyn North houses.
Median Price
$2.200M
# Sales
254
12M Growth
2.3%
10Y Ave Growth
2.1%
Why Buyers Look Here
Owner occupier appeal — 78% owner-occupied — strong community stability and pride of ownership.
Fast selling market — Properties sell in a median of 27 days — high buyer competition.
Affluent area — IRSAD rank 97/10 — high socio-economic advantage.
Capital Growth
Pricing and long-term growth profile for Balwyn North houses.
Median Price
$2.200M
# Sales
254
12M Growth
2.3%
10Y Ave Growth
2.1%
Rental Market
Yield, rental pricing and vacancy performance for Balwyn North houses.
Weekly Rent
$900
Rental Yield
2.2%
Vacancy Rate
2.5%
Rentals Last 12M
272
Supply & Demand
Stock levels, days on market and selling conditions for Balwyn North.
Stock on Market
2.0%
Days on Market
27
Building Approvals
1.5%
Infrastructure Spend
—
Demographics
Household profile, income strength and owner occupier mix in Balwyn North.
Population
21,302
Owner Occupiers
78%
Median Income
$122k
IRSAD Rank
97
Recent Sales
Recently sold properties in Balwyn North.
