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City of Boroondara

Balwyn North

Balwyn North Property Market
& Suburb Profile

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MEDIAN PRICES IN BALWYN NORTH

Median house price

(all agencies, last 12 months)$2.4m*

House price change

(all agencies, last 12 months)+0.97%

Median unit price

(all agencies, last 12 months)$1.1m*

Unit price change

(all agencies, last 12 months)+0.98%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

BALWYN NORTH price TRACKER

HousesUnits

Balwyn North sales overview

  • Sold by Auction 43%
  • Sold by Private Sale or Other Method 57%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)27

Average days on market (units)

(all agencies, 12 months)30

Auction clearance rate in Balwyn North

(all agencies, last 12 months)48%

Average held period in Balwyn North

(proptrack)14 years

Balwyn North Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$830pw

House rental price change

(all agencies, last 12 months)0.01%

Median rental price for Units

(all agencies, last 12 months)$774pw

Unit rental price change

(all agencies, last 12 months)0.04%

Average rental yield for Houses

(all agencies, last 12 months)1.82%

Average rental yield for Units

(all agencies, last 12 months)3.39%

Balwyn North total population size

(as at the last census)21,302

Median household size in Balwyn North

(as at the last census)2.9

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Balwyn North property types

  • Houses 55%
  • Units 11%
  • Other 34%

OCCUPANCY in Balwyn North

  • Owned 78%
  • Rented 19%
  • Other/Not Stated 3%
  • Singles 17%
  • Families 81%
  • Other 2%

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About Balwyn North

Balwyn North is a prestigious and highly sought-after inner-eastern suburb, located approximately 11 to 13 kilometres east of the Melbourne CBD, offering an attractive blend of affluent suburban living, renowned educational amenity, and outstanding transport links.

The suburb is defined by its wide, well-maintained streets and elevated positions, often affording views, with a housing stock that features grand, modern homes, spacious renovated residences, and contemporary luxury townhouses, attracting established, high-income families.

Lifestyle is centered on convenience and green space, with residents benefiting from numerous local parks, the Boroondara Sports Complex, and the significant Doncaster Road commercial hub, which provides extensive retail, dining, and essential services, complemented by the Bulleen Road Village.

Education is the primary pillar of its appeal, with the suburb being largely synonymous with the coveted Balwyn High School zone, a crucial factor that guarantees continuous, strong property demand and underpins long-term capital growth.

Connectivity is superb for commuters, with immediate access to the Eastern Freeway, ensuring a swift journey to the city, alongside efficient bus routes that provide links to surrounding train stations.

For investors and buyers, Balwyn North represents a secure, blue-chip market where the enduring prestige, top-tier schooling, rapid freeway access, and limited supply of quality housing guarantee robust long-term capital growth and consistently competitive rental yields.

Education

Balwyn High School
Balwyn North Primary School
Belle Vue Primary School
Boroondara Park Primary School
Greythorn Primary School
St Bede's School
St Bridget's School
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Sales Comparison

Find out how Balwyn North median sales prices compare to neighbouring suburbs.

Balwyn North MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025358$1,744,2500.97%382$802pw2.60%
2024391$1,750,000-2.31%411$791pw2.71%
2023401$1,877,5006.72%411$761pw2.49%
2022395$1,691,500-1.00%455$686pw2.33%
2021501$1,733,75018.55%402$625pw2.04%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025358$1,744,250+0.97%
2024391$1,750,000-2.31%
2023401$1,877,500+6.72%
2022395$1,691,500-1.00%
2021501$1,733,750+18.55%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025382$802pw2.60%
2024411$791pw2.71%
2023411$761pw2.49%
2022455$686pw2.33%
2021402$625pw2.04%

PROUDLY SERVICING Balwyn North

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.