Suburb Profile Report for Balwyn VIC (3103)

Balwyn House: Median price $2,340,000, Annual capital growth 6.86%, Number of sales 137, Weekly median advertised rent $750

Balwyn Unit: Median price $781,000, Annual capital growth 4.17%, Number of sales 87, Weekly median advertised rent $470

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Balwyn, 3103 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.65%.

If we look at median property appreciation over just the last three months, Balwyn has given property investors a paper return of 1.30%. This puts Suburb as 315 on a list of fastest fasting appreciating suburbs in VIC

Sellers are offering property buyers an average discount of -7.50% to buyers in Balwyn at the moment, which is less than average for the rest of VIC.

Often selling an investment property can take time, and in Balwyn the average time real estate has been on the market is 69.2787 days.

Advertised rents are around the $750 mark per week – giving a return of 1.67% based on the median price in Suburb

If you compare the increase in value of investment property in Balwyn, 3103 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 20.15%.

Taking the average capital gain, or increase in median house value, Balwyn,3103 has racked up an average of 20.15% over the period. This ranks it number 324th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -8.11% to buyers in Balwyn at the moment, which is less than average for the rest of VIC.

Balwyn, 3103’s gross rental yield is 3.13%

Metrics i HOUSE UNIT
$2,340,000 $781,000
1.30% 20.15%
0.65% 20.15%
6.86% 4.17%
$750 $470
137 87
1.67% 3.13%
69.2786885245902 92.56

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (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
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