Balwyn North vs Kew East
Property investment comparison - Balwyn North, VIC 3104 vs Kew East, VIC 3102
Head-to-head across core investment metrics: Balwyn North wins 0, Kew East wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Balwyn North | Kew East |
|---|---|---|
| Median house price | $2.3M | $2.3M |
| Median unit price | $1.1M | $1.1M |
| Gross rental yield (houses) | - | 2.40% |
| Gross rental yield (units) | - | 2.79% |
| 1-year house growth | -2.6% | -2.0%estimate |
| 3-year house growth | -1.2% | - |
| Vacancy rate | 2.4% | 1.1% |
| Population | 21,302 | 6,620 |
Balwyn North vs Kew East: what the numbers say
The median house price is $2.3M in Balwyn North and $2.3M in Kew East, so Kew East is the cheaper entry point, with Balwyn North houses about 3% dearer.
Over the past year house prices moved -2.6% in Balwyn North and -2.0% in Kew East (an estimate), so recent momentum favours Kew East, while Balwyn North went backwards.
Rental vacancy is 1.1% in Kew East and 2.4% in Balwyn North, so landlords in Kew East face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Balwyn North is the bigger suburb, with a population of 21,302 against 6,620, roughly 3.2 times the size of Kew East; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Kew East for a lower purchase price, Kew East for recent price momentum, Kew East for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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