Balwyn vs Camberwell
Property investment comparison - Balwyn, VIC 3103 vs Camberwell, VIC 3124
Head-to-head across core investment metrics: Balwyn wins 1, Camberwell wins 2. 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 | Camberwell |
|---|---|---|
| Median house price | $2.7M | $2.5M |
| Median unit price | $860K | - |
| Gross rental yield (houses) | - | 2.26% |
| Gross rental yield (units) | 3.74% | - |
| 1-year house growth | -11.1%estimate | -3.8% |
| 3-year house growth | - | -0.3% |
| Vacancy rate | 1.7% | 2.6% |
| Population | 13,495 | 21,965 |
Balwyn vs Camberwell: what the numbers say
The median house price is $2.7M in Balwyn and $2.5M in Camberwell, so Camberwell is the cheaper entry point, with Balwyn houses about 6% dearer.
Over the past year house prices moved -11.1% in Balwyn (an estimate) and -3.8% in Camberwell, so recent momentum favours Camberwell, while Balwyn went backwards.
Rental vacancy is 1.7% in Balwyn and 2.6% in Camberwell, so landlords in Balwyn face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Camberwell is the bigger suburb, with a population of 21,965 against 13,495, larger than Balwyn; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Camberwell for a lower purchase price, Camberwell for recent price momentum, Balwyn 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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