Suburb Profile Report for Balwyn VIC (3103)

Balwyn House: Median price $2,300,000, Annual capital growth 8.36%, Number of sales 186, Weekly median advertised rent $725

Balwyn Unit: Median price $684,500, Annual capital growth 4.27%, Number of sales 148, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1621th in the list of Australian suburbs ordered by increase in median house value over the last year, Balwyn, 3103 is in the top 40% with a property value increase of 10.36% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Balwyn,3103 has racked up an average of 10.36% over the period. This ranks it number 1090th in the whole country for real estate investors looking at median house price increases.

With the median price for a house in Balwyn being $2300000 and the advertised rent reaching $725 the gross rental yield for property investors calculates out to be 1.64%

VIC has seen average median house prices change by 6.72% which means that Balwyn, 3103 has done well for property investors by showing a capital gain of 0.29% over the last year

Taking the average capital gain, or increase in median house value, Balwyn,3103 has racked up an average of 0.29% over the period. This ranks it number 905th in the whole country for real estate investors looking at median house price increases.

Renters in Suburb are facing rents around $5280 per annum or $440 every week.

Metrics i HOUSE UNIT
$2,300,000 $684,500
1.30% -3.05%
10.36% 0.29%
8.36% 4.27%
$725 $440
186 148
1.64% 3.34%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Very good (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