Real Estate Balwyn North Vic 3104

Balwyn North: Quiet, convenient, family-friendly, and green.

Housing Market in Balwyn North

Key Balwyn North Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$911	Top 7%	180% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Balwyn North

Balwyn North Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Balwyn North

25.7%

Melbourne

28.8%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Development applications	324	Top 12%	60% to Jun 2025
Developments	1.4	Bottom 36%	Data for Jul 2023
Housing Stock Quality Indicator	95.9	Top 1%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	3 lots	Bottom 35%	50% to Aug 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	52	Top 1%	1200% to Mar 2025

Housing Stock Quality in Balwyn North

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	83.2%	Bottom 14%	4% to Jan 2021
Average bedrooms - all homes	2.9	Top 17%	Data for Jan 2021
NBN connection: fibreoptic cable to node	0.7%	Top 21%	Data for Jun 2023

Development Restrictions in Balwyn North

Balwyn North Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Balwyn North

26.7%

Melbourne

36.9%

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Suburbs

Field	Value	VS Melbourne	Trend
Total area	9.0 sq km	Top 48%	Data for Jan 2021
Heritage overlay total area	0.4 sq km	Top 19%	Data for Jun 2023
Residential density	347 sqm per resident	Bottom 14%	Data for Jan 2021

Risk in Balwyn North

Balwyn North Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Balwyn North

41.3

Melbourne

49.7

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Suburbs

Field	Value	VS Melbourne	Trend
% Owner Occupied	83.3%	Bottom 23%	0% to May 2023
% Rentals	16.7%	Top 23%	3% to May 2023
Housing Affordability Index	84	Top 1%	Data for Jun 2023
Median monthly mortgage	$2,830	Top 14%	17% to May 2023
Rent Affordability Index (Houses)	76	Bottom 32%	Data for Jun 2023
Rent Affordability Index (Units)	77	Top 40%	Data for Jun 2023
Mortgage as a percent of income	30.2%	Top 15%	4% to Jan 2021
Mortgaged Dwellings	35.7%	Bottom 41%	10% to May 2023

Housing Demand in Balwyn North

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Balwyn North

87.6%

Melbourne

82.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	22900	Top 13%	7% to Dec 2036
Historical Population (SA3)	175000	Top 6%	12% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	207000	Top 7%	32% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Balwyn North

Balwyn North Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Melbourne	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$644	Top 16%	199% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	49.7%	Bottom 10%	17% to Mar 2025

LGA Details (1)

Headline	Place	Datetime
Local government area	Boroondara

Percent of Renters by Street (100)

Percent of Renters	Street
32.5%	Aylmer St
23.5%	Abassia St
22.4%	Abbott St
60.3%	Adeney St
14.8%	Agnes Ave

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$756,000	Nicholson St
10 May 2024	$504,200	Belmore Rd
10 May 2024	$1,250,000	Arama St
10 May 2024	$850,000	Balwyn Rd
10 May 2024	$770,000	Doncaster Rd

Median House Rental Prices by Street (86)

Street	Date	Median rent (per week)
Fortuna Ave	22 Mar 2025	$775
Gardenia Rd	22 Mar 2025	$840
Earls Ct	22 Mar 2025	$1,238
Ferdinand Ave	22 Mar 2025	$870
Ellsa St	22 Mar 2025	$1,300

Accommodation Options (2)

Realtors (4)

Headline	Place	Datetime
Fletchers \| Real Estate Agent Balwyn North	61 Doncaster Rd
Colin Knight Real Estate	60 Doncaster Rd
Your Home Hunter
Palladion Property Group Pty Ltd	Level 3/ 74 Doncaster Rd

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
64.1%	Almond St	quite tightly held	Every 15.6 years (quite tightly held)	2025
91.7%	Gildan St	high turnover	Every 10.9 years (high turnover)	2025
83.9%	Landen Ave	average turnover	Every 11.9 years (average turnover)	2025
83.7%	Ellsa St	average turnover	Every 11.9 years (average turnover)	2025
92.7%	Lemon Rd	high turnover	Every 10.8 years (high turnover)	2025

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Almond St	10 May 2024	$2,105,000
Alpha St	10 May 2024	$1,322,000
Bolinda Rd	10 May 2024	$1,700,000
Bon Vue Rd	10 May 2024	$2,050,000
Highview Rd	10 May 2024	$3,608,000

Planning Applications: Dwellings (83)

Headline	Place	Date
(Extension of Time) Permit allows: Construction of an additional dwelling on a lot - Boroondara City Council PEOT25/0008	2 / 3 Buchanan Avenue, Balwyn North VIC 3104	29 Jan 2025
(Extension of Time) Permit Allows: Construction of a dwelling on land affected by a Special Building Overlay (SBO) - Boroondara City Council PEOT25/0010	14 Lloyd Street, Balwyn North VIC 3104	29 Jan 2025
(Extension of Time) Permit Allows: Construction of two (2) dwellings on a lot. - Boroondara City Council PEOT25/0006	35 Hedderwick Street, Balwyn North VIC 3104	24 Jan 2025
(Section 72) Use of the existing building as a dental surgery for one (1) practitioner, construct associated works, display a business sign and construction of alterations to the existing crossover. - Boroondara City Council PP02/00186.02	247 Doncaster Road, Balwyn North VIC 3104	24 Jan 2025
(Secondary Consent) Permit allows: Construction of two dwellings on a lot and alteration of access to a Road Zone Category 1 - Boroondara City Council PSec25/0001	38 Bulleen Road, Balwyn North VIC 3104	11 Jan 2025

Planning Applications: Other (17)

Headline	Place	Date
(Section 72) Use of the existing building as a dental surgery for one (1) practitioner, construct associated works, display a business sign and construction of alterations to the existing crossover. - Boroondara City Council PP02/00186.02	247 Doncaster Road, Balwyn North VIC 3104	24 Jan 2025
(Plans for endorsement) Display of free standing business identification signage - Boroondara City Council PCon25/0006	30 Doncaster Road, Balwyn North VIC 3104	17 Jan 2025
Display of internally illuminated and electronic promotional signage (road reserve adjacent to property - bus shelter) - Boroondara City Council PP25/0017	271 A Belmore Road, Balwyn North VIC 3104	14 Jan 2025
Display of internally illuminated and electronic promotional signage (road reserve adjacent to property - bus shelter) - Boroondara City Council PP25/0014	324 Doncaster Road, Balwyn North VIC 3104	14 Jan 2025
(Section 72) Erect an internally illuminated promotion sign with an advertisement area greater than 1.5m2 and to erect an internally illuminated electronic promotion sign in accordance with Section 2 (Category 1) of Clause 52.05 Advertising - Boroondara City Council PP18/00116.01	324 Doncaster Road, Balwyn North VIC 3104	11 Dec 2024

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
46 Panoramic Rd	Price Withheld	5.0	3.0	1.0	20 Mar 2025	On Market
3 Grieve St	Price Withheld	4.0	2.0	2.0	18 Mar 2025	On Market
54 Aylmer St	Price Withheld	4.0	2.0	2.0	15 Mar 2025	On Market
191 Belmore Rd	Price Withheld	4.0	2.0	2.0	15 Mar 2025	On Market
204 Doncaster Rd	Price Withheld	4.0	1.0	2.0	15 Mar 2025	On Market

Businesses (83)

Name	Address
Residential Space	2/321 Balwyn Rd, Balwyn North VIC 3104, Australia
Stretford Civil Constructions	3 Lynne Ct, Balwyn North VIC 3104, Australia
unipro constructions Pty Ltd	1 Dight Ave, Balwyn North VIC 3104, Australia
Commercial Control Pty Ltd	268 Doncaster Rd, Balwyn North VIC 3104, Australia
HOGAMA	1/2 A Koonung St, Balwyn North VIC 3104, Australia

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
14 Loma Linda Gr	$1,230	4	3		21 Mar 2025
14 Loma Linda Gr	$1,230	4	3		21 Mar 2025
24 Yeneda St	$530	3	1	1	18 Mar 2025
16 Hedderwick St	$560	2	1	1	18 Mar 2025
16 Hedderwick St	$560	2	1	1	18 Mar 2025

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
5 St Bridgets Rise	$790	3.0	2.0	2.0	13 Mar 2025
5 St Bridgets Rise	$790	3.0	2.0	2.0	13 Mar 2025
5 St Bridgets Rise	$790	3.0	2.0	2.0	13 Mar 2025
Unit 1, 7 Corhampton Rd	$5,952,585	2.0	1.0	1.0	27 Feb 2025
Unit 1, 7 Corhampton Rd	$5,752,499	2.0	1.0	1.0	27 Feb 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 2, 2 Lemon Rd	$1,456,000	3.0	2.0	2.0	13 Mar 2025	On Market
Unit 2, 2 Lemon Rd	$1,456,000	3.0	2.0	2.0	13 Mar 2025	On Market
Unit 2, 2 Lemon Rd	$1,456,000	3.0	2.0	2.0	13 Mar 2025	On Market
4 Thea Ave	Price Withheld	4.0	3.0	2.0	23 Feb 2025	On Market
4 Thea Ave	Price Withheld	4.0	3.0	2.0	23 Feb 2025	On Market