Balwyn North

POSTAL CODE: VIC, 3104

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BALWYN NORTH, 3104 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 $2,319,400.

Profits due to an upward trend in home prices in the suburb averaged 1.1% per annum over a 3-year period.

BALWYN NORTH now ranks at the 494th 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 $890 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 56.6 days.

In 2016, 306 properties were sold in BALWYN NORTH during the past year, making it the 337th most active market in VIC based on total real estate transactions.

BALWYN NORTH ranks 63rd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

BALWYN NORTH, 3104 has a capital gain of -4.31% for the past year, which is lower than average compared to its 13.27% growth within a five-year period.

With the median home price in BALWYN NORTH sitting at $1,110,000, and the average rent at $725, property owners could potentially earn a 3.4% increase in gross rental yield.

Property investors have seen a 5.71% gain in BALWYN NORTH based on an increase 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 BALWYN NORTH, 3104 obtained a 3.62% growth over a ten-year period. It ranks 1169th on our list of suburbs that property investors should look into.

Surburb overview

Balwyn North, also known as North Balwyn, is a suburb in the City of Boroondara, approximately 10 kilometres east of Melbourne's Central Business District. According to the 2021 census, it has a population of 21,302.

The suburb is renowned for its open spaces, featuring numerous parks and recreational areas contributing to a relaxed lifestyle. Residents enjoy easy access to cafes, shops, supermarkets, schools, trams, and buses, enhancing the suburb's walkability and convenience.

Balwyn North is a family-friendly neighbourhood known for its outstanding schools and vibrant community atmosphere. The area offers modern amenities and suburban charm, making it attractive to families, professionals, and retirees.

The suburb's housing market reflects its desirability. The median property price is approximately $2,302,500. In the past year, 307 houses have been sold, and properties typically spend around 30 days on the market.

Balwyn North's combination of green spaces, educational institutions, and community amenities contributes to its distinctive character within Melbourne's eastern suburbs.

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