Suburb Profile Report for Balwyn VIC (3103)

Balwyn House: Median price $2,115,500, Annual capital growth 10.24%, Number of sales 198, Weekly median advertised rent $680

Balwyn Unit: Median price $649,000, Annual capital growth 6.91%, Number of sales 130, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Balwyn have tracked lower than the VIC average of 8.06% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Balwyn has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Balwyn, 3103. Typically our figures indicate that -5.41% is being offered, which puts this VIC suburb at 2289th most discounted overall in Australia.

On average over the past year, suburb has had 16.50 sales per month, which equates to 198 per year.

Using the current median advertised rental of $680 and the average annual increase in value of a median property of 10.24%, investors should hope to achieve an overall return of 1.67%

Giving property investors a a poor capital gain of -18.62% for the last year, Balwyn, 3103 is the 1682th highest performer in Australia in this respect.

While Balwyn,3103 ranked number 339th in VIC for increase in median house value (annualised) increase, it is ranked 211th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Balwyn is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 29th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Balwyn the average time real estate has been on the market is 116.5 days.

With the median price for a house in Balwyn being $649000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.37%

HOUSE UNIT
$2,115,500 $649,000
1.83% -5.94%
-0.21% -18.62%
10.24% 6.91%
$680 $420
198 130
1.67% 3.37%
76.91 116.5

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (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