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Balwyn, VIC 3103
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,670,000
market range $2.6M-$2.8M
Median Unit
$860,000
market range $750K-$1.2M
Gross Yield (units)
3.7%
1yr Growth (houses)
-11.1%
market range -17.5% to +0.0%
Investment snapshot for Balwyn
Balwyn has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Balwyn market and investor summary
Balwyn (VIC 3103) runs a median house price of $2.7M. House prices have moved -11.1% over the past year. At 1.7% vacancy, it is a tight rental market that favours landlords.
Living in Balwyn: people, income and schools
Balwyn is home to around 13,495 people, a number that has held fairly steady over five years. The median age is 43, skewed a little older, and 74% 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 $103,000 a year, or roughly $1,980 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 26.0 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 36% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 78 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. Most day-to-day errands are doable on foot; the suburb scores 72 for walkability and 84 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 13,495
- -1% over 5yr
- Median age
- 43 years
- Median household income
- $103,000/yr
- Households renting
- 26%
- Family households
- 53%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 78
- avg ICSEA 1160
- Unemployment
- 3.0%
- Distance to CBD
- 11 km
- Walk score
- 72/100
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
View all →Frequently asked questions about Balwyn
What should I check before investing in Balwyn?
Balwyn has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.7% vacancy) gives landlords pricing power and low rental downtime. Walkability score of 72 broadens the tenant pool beyond car-dependent renters. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Balwyn?
The median property price in Balwyn, VIC 3103 is $2.7M for houses and $860K for units.
What rental yield does Balwyn show?
The gross rental yield in Balwyn is 3.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Balwyn?
House prices in Balwyn are down 11.1% over the past year. 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?
The current vacancy rate in Balwyn is 1.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Balwyn?
Balwyn has a population of approximately 13,495 residents, with a median age of 43.
What schools are near Balwyn?
There are 78 schools within roughly 5km of Balwyn. 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 affordable to buy in?
A median house in Balwyn costs about 26.0 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's population growing?
The population of Balwyn has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Balwyn from the CBD?
Balwyn is about 11 km from the CBD.
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