Balwyn Suburb Profile

Victoria 3103

Balwyn has 7,412 properties. Over the last 5 years, Houses in Balwyn have seen a 15.36% increase in median value, while Units have seen a 1.03% increase. As at 30 November 2024:

• The median value for Houses in Balwyn is $2,783,212 while the median value for Units is $831,315.
• Houses have a median rent of $995 while Units have a median rent of $612.

The size of Balwyn is approximately 4.4 square kilometres. It has 19 parks covering nearly 5% of total area. The population of Balwyn in 2011 was 12,943 people. By 2016 the population was 13,321 showing a population growth of 2.9% in the area during that time. The predominant age group in Balwyn is 10-19 years. Households in Balwyn are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Balwyn work in a professional occupation. In 2011, 72.9% of the homes in Balwyn were owner-occupied compared with 71.2% in 2016.