balwyn north

3104, Victoria

Real Estate & Property Information

Median
Price Rank
33

balwyn north Suburb Profile & Review

A tranquil eastern suburb full of tree-lined streets and affluent houses, Balwyn North is particularly popular with young families due to its impressive schools network. Balwyn High School is often considered one of Melbourne's best non-selective government schools and Fintona Girls' School is one of the leading private girls' schools in Melbourne.

Find cafes and restaurants on Whitehouse Road as well as the Palace Cinema and the Balwyn Library. Maranoa Gardens is a beautiful place for a stroll, and adjoining Beckett Park has an adventure playground, picnic tables and an observation tower offering breathtaking views of Melbourne. The Boroondara Sports Complex on Belmore Road has pools, a health club and a stadium with courts for basketball and netball.

Trams 109 and 42 travel through Balwyn on their way from the city to Box Hill. Off-road paths like the Gardiners Creek Trail offer scenic routes for recreational and commuting cylists. The nearest train station can be found in Canterbury, where services on the Belgrave and Lilydale line will take you to the city in twenty minutes.

balwyn north Demographic Data

$ 1,100,000 Median House Price

18 Minutes Average Commute

41 Median Age

20,317 Population

51.09 % Female

48.91 % Male

5543 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in balwyn north, Victoria.

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balwyn north Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

balwyn north Median House Prices

  • 2008 $ 897,000
  • 2009 $ 909,000
  • 2010 $ 980,000
  • 2011 $ 1,132,000
  • 2012 $ 1,100,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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balwyn north 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in balwyn north have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term balwyn north property price predictions.

balwyn north Market Property Types

  • 87 % Seperate House
  • 9 % Semi Detached
  • 4 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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balwyn north Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

balwyn north Income & Mortgage Stats

  • $ 1,787 Median Weekly Household Income
  • $ 2,243 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in balwyn north

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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balwyn north Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

balwyn north Sold Property Prices

balwyn north Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

balwyn north Related Local Blog Posts

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Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

balwyn north Cafes

  • Mint on Burke1144 Burke Roadbalwyn north VIC 310403 9859 0753
  • Hahndorf's Fine Chocolates107 Bulleen Roadbalwyn north VIC 310403 9857 0441
  • Caffe Romeo319 Doncaster Roadbalwyn north VIC 310403 9857 6444

balwyn north Schools

  • St. Bridgets (Greythorn) Primary School36 Sweyn Streetbalwyn north VIC 3104(03) 9857 6394Catholic Primary School
  • St. Bedes Primary School2 Marwal Avebalwyn north VIC 3104(03) 8851 4651Catholic Primary School
  • Greythorn Primary SchoolReading Avebalwyn north VIC 3104(03)9857 9762ÊÊÊÊÊCatholic Primary School

balwyn north Childcare

  • ABC Learning Centre243 Doncaster Roadbalwyn north VIC 3104
  • Greythorn Early Childhood Ctr4 Trentwood Avenuebalwyn north VIC 3104
  • North Balwyn Play Centre172 Doncaster Roadbalwyn north VIC 3104

balwyn north Kindergarten and Preschools

  • Bellevue Kindergarten49 Bulleen Roadbalwyn north VIC 3104
  • Boroondara PreschoolMidvale Avenuebalwyn north VIC 3104
  • North Balwyn Play Centre172 Doncaster Roadbalwyn north VIC 3104

balwyn north Sporting Centres and Clubs

  • Melbournebalwyn north VIC 3104Baseball Club
  • North Balwynbalwyn north VIC 3104Bowling Club
  • Freeway Golf Coursebalwyn north VIC 3104Golf Course

Find out How Much your House is Worth in balwyn north

Request a free market Basic Report for balwyn north to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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