Balwyn

Balwyn, located approximately 10 km east of Melbourne’s Central Business District, is part of the City of Boroondara. Known for its prestigious standing, leafy streets, and elegant homes, Balwyn is a highly sought-after suburb for families and professionals seeking an upscale residential experience close to the city.

Demographic Profile

• Population: According to the 2021 census, the population of Balwyn was 13,495.
• Predominant Age Group: The suburb is particularly popular among the 40-59 age group, with many families with children.
• Median Household Income: Generally higher than the Melbourne metropolitan average, reflecting the suburb’s affluence.
• Occupancy: A high homeownership rate with a relatively small proportion of rentals.

Real Estate and Growth

• Median House Prices: Balwyn is known for its high property values, with the median house price around AUD 2,000,000.
• Median Unit Prices: The median price for units and apartments is approximately AUD 1,000,000.
• Rental Market: The median rent for houses is about AUD 650 per week, and for units, it’s around AUD 450 per week.
• Market Trends: Balwyn has experienced robust growth in property values, underpinned by its reputation, quality of housing, and local amenities.

Education and Lifestyle

• Schools: The suburb is home to some of Melbourne’s most highly-regarded schools, including Balwyn High School and a range of excellent primary schools.
• Local Vibe: Balwyn offers a sophisticated yet relaxed atmosphere with its cafes, boutiques, and fine dining options along Whitehorse Road.
• Community Insights: Known for its safety, community-oriented environment, and proximity to nature and city amenities.

Transportation

• Public Transport: Well-serviced by trams and buses, providing easy access to the city and surrounding suburbs.
• Accessibility: Major roads like the Eastern Freeway enhance connectivity to the city and other parts of Melbourne.

Notable Features

• Shopping and Dining: Features a vibrant shopping district with various shops, cafes, and restaurants.
• Recreational Areas: Balwyn Park and other local parks offer green spaces for relaxation and recreation.

Balwyn is an upscale, family-friendly suburb known for its prestigious schools, elegant homes, and leafy streets. It appeals to those seeking a high standard of living, combining the tranquillity of suburban life with easy access to Melbourne’s CBD and amenities.