Suburb Profile Report for Balwyn VIC (3103)

Balwyn House: Median price $2,200,000, Annual capital growth 10.53%, Number of sales 190, Weekly median advertised rent $698

Balwyn Unit: Median price $682,500, Annual capital growth 5.80%, Number of sales 126, 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 just lower than the VIC average of 8.96% over the last 12 months.

Across a shorter period, Balwyn, 3103 has seen a median price increase of 2.21% over the last quarter.

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 -3.16% is being offered, which puts this VIC suburb at 3542th most discounted overall in Australia.

Often selling an investment property can take time, and in Balwyn the average time real estate has been on the market is 88.02 days.

Using the current median advertised rental of $697.5 and the average annual increase in value of a median property of 10.53%, investors should hope to achieve an overall return of 1.65%

Balwyn, 3103 ranked 309th in VIC when comparing growth in median property values or capital gain over the last 12 months. Balwyn is one of 2098 in our list for VIC

Balwyn,3103 has offered an average of -4.55% return per annum in house price rises to property investors over the last three years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.07% offered to property buyers. Sellers in Balwyn itself are offering an average vendor discount of -5.75% to real estate investors.

At number 1116 in a list of fastest selling suburbs, Balwyn is in the bottom 30% of suburbs in Australia with an average of days on market 98.39 for properties listed there.

Renters in Suburb are facing rents around $5040 per annum or $420 every week.

Metrics i HOUSE UNIT
$2,200,000 $682,500
2.21% 4.28%
2.09% -4.55%
10.53% 5.80%
$698 $420
190 126
1.65% 3.20%
88.02 98.39

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