Suburb Profile Report for Balwyn VIC (3103)

Balwyn House: Median price $2,254,500, Annual capital growth 9.64%, Number of sales 180, Weekly median advertised rent $680

Balwyn Unit: Median price $698,000, Annual capital growth 5.28%, Number of sales 146, Weekly median advertised rent $425

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Balwyn has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.47%

A 73.29% growth in median value for property investors in Balwyn,3103 puts this suburb at number 368th in terms of best performing suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Balwyn is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 479th in terms of most discounted suburbs in VIC

At number 2471 in a list of fastest selling suburbs, Balwyn is in the bottom 40% of suburbs in Australia with an average of days on market 92.4 for properties listed there.

Renters in Suburb are facing rents around $8160 per annum or $680 every week.

At number 926th in the list of Australian suburbs ordered by increase in median house value over the last year, Balwyn, 3103 is in the BOTTOM 50% with a property value increase of 2.62% recorded in median house prices.

Over the longer term, Balwyn has seen property prices show investors a 16.68% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Balwyn is $698000, with sellers offering an average of -4.62% off the asking price.

Renters in Suburb are facing rents around $5100 per annum or $425 every week.

Metrics i HOUSE UNIT
$2,254,500 $698,000
2.48% 3.03%
6.47% 2.62%
9.64% 5.28%
$680 $425
180 146
1.57% 3.17%
92.4 100.81

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 12943
Median household income ($/weekly) 1513
Median age of persons 42
Median housing loan repayment ($/monthly) 2174
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1585 12.2
    25-34 years 1187 9.2
    35-44 years 1562 12.1
    45-54 years 2074 16.0
    55-64 years 1552 12.0
    Others 4983 38.5
    Age Group
    Census Count Percent(%)
    Registered Married 5218 52.0
    Not Married 4406 43.9
    Defacto Relationship 411 4.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 7812 62.3
    Croatia 1205 9.6
    Malta 401 3.2
    United Kingdom 476 3.8
    Other 554 4.4
    Others 2100 16.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 677 5.7
    Christianity 7056 58.9
    Hinduism 305 2.5
    Islam 107 0.9
    No Religion 3677 30.7
    Others 159 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 315 7.5
    $1,500-$1,999 426 10.2
    $2,000-$2,499 321 7.7
    $2,500-$2,999 518 12.3
    $4,000 or more 374 8.9
    Others 2241 53.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4182 39.9
    Employed, worked full-time 3572 34.1
    Employed, worked part-time 2096 20.0
    Employed, away from work 316 3.0
    Unemployed, looking for work 306 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 1064 17.8
    Professionals 2160 36.1
    Community & personal service workers 453 7.6
    Clerical & administrative workers 828 13.8
    Sales 586 9.8
    Others 895 15.0
    Occupation
    Census Count Percent(%)
    Pre-school 187 5.0
    Infants/Primary 983 26.5
    Secondary 1240 33.4
    Technical or Further Educational Institution 197 5.3
    University or other Tertiary Institutions 992 26.7
    Others 111 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9269 75.7
    Semi-detached, row or terrace house, townhouse 1900 15.5
    Flat, unit or apartment 1020 8.3
    House or flat attached to a shop, office 60 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2203 47.7
    Being purchased 1252 27.1
    Rented 1116 24.2
    Other tenure type 48 1.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals