Balwyn North

Balwyn North, situated approximately 10 km east of Melbourne’s Central Business District, falls within Boroondara. This suburb is renowned for its leafy environment, prestigious schools, and stately homes, making it one of Melbourne’s most sought-after residential areas.

Demographic Profile

• Population: According to the 2021 census, the population of Balwyn North was 21,302.
• Predominant Age Group: The suburb is particularly popular among families, with a noticeable presence in the 40-59 age group.
• Median Household Income: Generally higher than the Melbourne average, reflecting the area’s affluent nature.
• Occupancy: Dominated by homeowners, with a smaller proportion of rental properties.

Real Estate and Growth

• Median House Prices: The median house price in Balwyn North is around AUD 2,000,000, indicative of its status as a premium suburb.
• Median Unit Prices: The average price is approximately AUD 1,100,000 for units and townhouses.
• Rental Market: The median house rent is about AUD 650 per week, while for units, it’s around AUD 450 per week.
• Market Trends: Balwyn North has experienced consistent growth in property values, bolstered by its reputation for quality living and excellent amenities.

Education and Lifestyle

• Schools: Hosts several top-tier schools, including Balwyn High School, known for its academic excellence.
• Local Vibe: The suburb is celebrated for its peaceful, family-friendly atmosphere and well-maintained streets.
• Community Insights: Residents value the suburb’s safety, community spirit, and proximity to quality educational institutions.

Transportation

• Public Transport: Well-connected through various bus routes and trams, providing easy access to the CBD and surrounding areas.
• Road Access: Conveniently located near major arterials, including the Eastern Freeway.

Notable Features

• Shopping and Dining: Features a range of shopping options, from local boutiques to nearby major shopping centres like Westfield Doncaster.
• Recreational Areas: Home to numerous parks and recreational facilities, including the Boroondara Sports Complex and several golf clubs.

Balwyn North is an affluent and highly desirable suburb in Melbourne. It particularly attracts families and professionals looking for a high living standard, access to premier schools, ample green spaces, and a serene, community-oriented environment. The suburb’s real estate market reflects its prestige, with property values showing steady growth and a high demand for quality homes.