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Balwyn North

Suburb Profile

Balwyn North - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3104

house
unit

BALWYN NORTH, 3104 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling BALWYN NORTH, 3104 values up and netting property investors a capital gain of 10.29% for the past year.

Investors saw the median home price rise to $1,875,000.

Profits due to an downward trend in home prices in the suburb averaged -0.88% per annum over a 3-year period.

BALWYN NORTH now ranks at the 518th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in BALWYN NORTH are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $650 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BALWYN NORTH, homes and units usually stay on listing for an average of 69.2 days.

In 2016, 213 properties were sold in BALWYN NORTH during the past year, making it the 469th most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,875,000 $1,060,000
GROWTH REPORT
Median Quarterly -0.03% -3.06%
Median 12 month 10.29% 2.91%
Median 3 years -2.65% 15.85%
Median 5 years 4.11% 14.41%
10 years average annual 5.92% 5.01%
Weekly media advert. rent $650 $500
Time on Market 69.2 days 79.7 days
Gross Rental Yield Percent 1.8% 2.45%
demographics (median values)
Total Population
19970
Weekly Household Income
1413
Household Size
2.90
demographics
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