Balwyn

POSTAL CODE: VIC, 3103

HOUSE

UNIT

BALWYN ranks 750th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -0.97% for the past year is lower than average compared to its 24.35% growth within a five-year period.

Also in BALWYN, the median home price is sitting at $2,860,000, and the average rent at $950, this suggests property owners could potentially earn a 1.73% increase in gross rental yield.

Property investors have seen a -0.97% drop in BALWYN based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.54% growth over a ten-year period. It ranks 3463rd on our list of suburbs that property investors should look into.

BALWYN, 3103 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $839,000.

Augmented property values in BALWYN are trailing behind the VIC average of 2.45% for the past year.

Real estate investors could earn a rental income of $600 based on current median home prices for the suburb.

Home owners selling their properties and realtors in BALWYN usually have to wait an average of 45.3 days days before their assets are lifted off the market.

BALWYN ranks 335th on the list of best yielding suburbs for rental properties in VIC, posting a 3.72% return.

BALWYN, 3103 places 222nd in Australia based on median property value growth during the quarter.

Surburb overview

Balwyn is a prestigious suburb in the City of Boroondara, approximately 10 kilometres east of Melbourne's Central Business District. According to the 2021 census, Bits' population is 13,495, with a median age of 43.

The suburb is renowned for its tree-lined streets and elegant homes, offering a perfect balance of charm and convenience. The main shopping area is located around the intersection of Whitehorse Road and Balwyn Road, providing residents with various retail and dining options.

Public transportation in Balwyn is well-developed. Tram route 109 runs along Whitehorse Road, connecting the suburb to Melbourne's CBD and Box Hill. Additionally, several bus routes service the area, enhancing connectivity to neighbouring suburbs.

Balwyn offers a range of essential establishments, including shopping centres, medical facilities, and educational institutions. The suburb is home to Balwyn Primary School and Fintona Girls' School, which cater to the community's academic needs.

Numerous parks and green spaces support recreational activities in Balwyn. Notably, the Maranoa Botanic Gardens, Australia's first botanical garden dedicated to indigenous flora, is located within the suburb, providing residents with outdoor activities and community engagement opportunities.

Balwyn's combination of historical significance, educational institutions, and recreational facilities contributes to its distinctive character within Melbourne's eastern suburbs.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,860,000	$839,000
Growth Report
Median Quarterly	-0.97%	1.05%
Median 12 month	-0.97%	-3.56%
Median 3 years	-0.17%	-35.41%
Median 5 years	24.35%	-10.98%
10 years average annual	3.54%	2.52%
Weekly media advert. rent	$950	$600
Time on Market	53.9 days	45.3 days
Gross Rental Yield Percent	1.73%	3.72%

Demographics (Median Values)*

Total Population 15343

Weekly Household Income 1731

Household Size 2.60

Average Age 43

Monthly Loan Repayment 2500

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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