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Balwyn North, VIC 3104
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,335,000
market range $2.3M-$2.4M
Median Unit
$1,125,000
market range $875K-$1.2M
Gross Yield
-
1yr Growth (houses)
-2.6%
market range -10.0% to +2.5%
Investment snapshot for Balwyn North
Balwyn North has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Balwyn North market and investor summary
Balwyn North (VIC 3104) runs a median house price of $2.3M. House prices have moved -2.6% over the past year and -1.2% over three years. At 2.4% vacancy, it is a broadly balanced rental market.
Living in Balwyn North: people, income and schools
About 21,302 people live in Balwyn North, a number that has held fairly steady over five years. The median age is 42, skewed a little older, and 81% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $122,000 a year, or roughly $2,350 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 19.1 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 32% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 72 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 11 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 61 for walkability and 94 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 21,302
- +2% over 5yr
- Median age
- 42 years
- Median household income
- $122,000/yr
- Households renting
- 19%
- Family households
- 57%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 72
- avg ICSEA 1140
- Unemployment
- 3.4%
- Distance to CBD
- 11 km
- Walk score
- 61/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Balwyn North
View all →Frequently asked questions about Balwyn North
What should I check before investing in Balwyn North?
Balwyn North has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Balwyn North?
The median property price in Balwyn North, VIC 3104 is $2.3M for houses and $1.1M for units.
What does recent house price growth show for Balwyn North?
House prices in Balwyn North are down 2.6% over the past year and down 1.2% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Balwyn North?
The current vacancy rate in Balwyn North is 2.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Balwyn North?
Balwyn North has a population of approximately 21,302 residents, with a median age of 42.
What schools are near Balwyn North?
There are 72 schools within roughly 5km of Balwyn North. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Balwyn North affordable to buy in?
A median house in Balwyn North costs about 19.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Balwyn North's population growing?
The population of Balwyn North has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Balwyn North from the CBD?
Balwyn North is about 11 km from the CBD.
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