Median priceⓘLast 12 months
2.32M
↑ +1.0% YoY
House sales lead the way in Balwyn North, with 305 sales (up 4.5%) at around $2.32M (up 1%), taking about 26 days to sell (up from 25 days last year), more sought-after than most house markets in Victoria, with 4-bedroom the most common (around 4 in 10).
House rentals are nearly as big, with 238 leases (down 13.8%) at $895 a week (up 4.7%), renting out in about 23 days (down a lot from 33 days last year), with 4-bedroom the most common (around 4 in 10). Then come 129 unit rentals at $705 a week (up 4.4%). 70 unit sales at around $1.11M (among the country's biggest unit price drops).
Who lives hereA high-income, mostly owner-occupied, family-oriented suburb — strongly multicultural and high-rise-heavy, with a strongly professional workforce.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Share of all residents by 5-year band · hover a band for the count + split
32% report Chinese ancestry, but only 15% were born in China — the gap is the Australian-born and diaspora Chinese community, invisible in birthplace alone.
A deeply-rooted, long-settled migrant community.
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Incomes, employment, and the occupation mix of the people who live here.
A typical household pulls in about 2.7× the typical individual — a multi-earner area.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
6 schools inside Balwyn North, plus the closest options around it. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
How settled or transient the community is — and where newcomers came from.
Headline price, rent, yield and time on market for Balwyn North — choose a property type and size below.
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Eight diagnostic views cutting the data a different way each time — Balwyn North in blue, peers in colour.
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Every market within reach of Balwyn North, ranked by distance — each compared against this suburb's Houses · Total segment so divergence reads at a glance.
VIC markets whose Houses · Total segment behaves most like Balwyn North's on the buy side — ranked by a like-for-like blend of price, yield, days on market, ownership cost and cycle phase.
Comparable sales markets to Balwyn North include Malvern East (VIC 3145), Hawthorn East (VIC 3123), Surrey Hills (VIC 3127), Eaglemont (VIC 3084), Kew East (VIC 3102), Albert Park (VIC 3206), Glen Iris (VIC 3146) and Balwyn (VIC 3103). Each link opens that suburb's full market report.
23 data-driven answers about Balwyn North's property market — every one computed from the metrics above.
The median house price in Balwyn North, VIC 3104 is $2.32M as of June 2026, based on 305 sales recorded over the past 12 months. Houses there have moved +1.0% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
The median unit price in Balwyn North, VIC 3104 is $1.11M as of June 2026, based on 70 sales over the past 12 months. Units have moved −7.4% year-on-year and currently trade at roughly 48% of the median house price.
The median weekly house rent in Balwyn North is $895 as of June 2026, drawn from 238 leases over the past 12 months. Units rent for around $705 per week. House rents have moved +4.7% year-on-year. Current vacancy pressure is shown in the supply section above.
Gross rental yield in Balwyn North is 2.00% for houses and 3.40% for units as of June 2026, compared with the VIC unit median of 5.12%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
As of June 2026, Balwyn North medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $1.84M | $2M | $2.2M | $2.32M |
| Units | $838k | $709k | $1.3M | — | $1.11M |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
At the median Balwyn North unit ($1.11M purchase, $705/week rent), weekly mortgage repayments sit at roughly $1228 — about $523 more per week than renting. That gap is the ownership premium. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.
Balwyn North's property market trends to June 2026: house prices rose +1.0% year-on-year and units −7.4%; weekly house rents moved +4.7%; homes now sell in a median 26 days — slower than a year ago by 1; sales supply sits at 3.9 months (loose). Read together — price, rent, selling speed and supply — they show which way the Balwyn North market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
As of June 2026 in Balwyn North, house prices rose +1.0% over the year, gross rental yield is 2.00% against a VIC median of 3.84%, houses take a median 26 days to sell, sales supply is 3.9 months (loose). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
Houses in Balwyn North sell in a median 26 days on market as of June 2026, with units clearing slightly slower at 31 days. Days on market have lengthened by 1 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Balwyn North's sales market sits at 3.9 months of supply for houses as of June 2026 — classified as Loose against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is tighter still at 1.3 months of supply.
House prices in Balwyn North moved +1.0% over the 12 months to June 2026, while units moved −7.4%. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
Balwyn North's house rental market sits at 1.3 months of supply as of June 2026 — classified as Tight, with 238 houses leased over the past 12 months. Units sit at 1.5 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
Balwyn North's house market is currently in the 'in_demand_easing' phase as of June 2026 — combining high sales velocity (top quartile nationally) with year-on-year loosening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
Balwyn North's median house price ($2.32M) is 200% above the VIC median ($773k) as of June 2026. On selling speed, houses clear in 26 days vs 29 days state median. On gross yield, Balwyn North sits at 2.00% vs 3.84% state median.
Balwyn North's most-similar nearby market is Malvern East (9.8 km away) with a median house price of $2.14M — about 8% cheaper. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
The most-transacted segment in Balwyn North over the 12 months to June 2026 is 4 bed houses with 134 sales. 3 bed houses come second at 97 sales. The 'Most popular' panel above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
Balwyn North recorded 305 house sales and 70 unit sales over the 12 months to June 2026 — a combined 375 transactions. On the rental side, 238 houses and 129 units were leased. Segments with statistically thin samples are excluded from displayed figures.
Balwyn North, VIC 3104 is home to 21,302 residents (ABS Census 2021). The median resident age is 42, and the average household holds 2.9 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
The median household in Balwyn North earns $2k per week — roughly $122k a year (ABS Census 2021). Median personal income runs $854/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
Balwyn North is mostly owner-occupied: about 79% of households are owner-occupiers and 20% rent (ABS Census 2021). Of owners, 46% own outright and 33% are paying off a mortgage.
Balwyn North has 60 schools within reach, 6 of them inside the suburb itself — including Boroondara Park Primary School, Balwyn North Primary School, Balwyn High School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Balwyn North, VIC 3104 has a population of 21,302, a median age of 42, a median household income around $2k/week, 20% of households renting (ABS Census 2021). There are 60 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
This Balwyn North market data was last updated June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.
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