Median price trend for houses
Based on 133 sales in the preceding 12 months
$2,650,000
Down 7.3% over 12 months
- 2 bed
- $2.05m
- 3 bed
- $2.23m
- 4 bed
- $2.65m
- 5+ bed
- $4.09m
Tree-lined suburban street with autumn leaves
Philip Mallis · CC BY-SA 2.0
The quick read on
Balwyn
VIC 3103 · Boroondara
What homes cost, how rents have moved, and a feel for the people who call it home.
- Median house
- $2,650,000
- Median unit
- $839,000
- Population
- 13,495
- Postcode
- 3103
latest suburb median
latest suburb median
ABS 2021
Balwyn, Victoria
Property market insights for Balwyn
Median sale price and rental income of properties in Balwyn VIC
Median rent trend for houses
Based on 140 rental listings in the preceding 12 months
$1,000 per week
No change over 12 months
Market data updated October 2026.
The median house price in Balwyn, VIC is currently $2,650,000, based on the latest 12 months of sales. Balwyn has a 12-month growth rate of -7.3% for houses and 10.0% for units.
Two-bedroom houses have a median sale price of $2,050,000, Three-bedroom houses have a median sale price of $2,230,000, Four-bedroom houses have a median sale price of $2,650,000, Larger houses have a median sale price of $4,090,000 in Balwyn.
If you're looking to lease, the median rent for houses in Balwyn is $1,000 per week. The median house rent has remained unchanged over the last 12 months.
The median price of apartments and units for sale in Balwyn is $839,000, which has increased 10.0% since the same time last year. One-bedroom apartments and units have a median sale price of $398,000, Two-bedroom apartments and units have a median sale price of $670,000, Three-bedroom apartments and units have a median sale price of $1,380,000, Four-bedroom apartments and units have a median sale price of $1,780,000 in Balwyn. The median rent for units and apartments in Balwyn is $625 per week and has increased 4.2% over the last 12 months.
Crime and safety
Is Balwyn safe?
The overall rate for Balwyn is 3,122 offences per 100,000 residents — 22% below the Greater Melbourne benchmark.
That is the clearest suburb-wide answer. Open the detailed profile to see how the pattern changes across offence types and different parts of Balwyn.
Overall crime rate
3,122
offences per 100,000 residents
22% belowGreater Melbourne
BalwynGreater Melbourne: 4,001
Suburb-wide estimate from Microburbs' public crime model; it is not an address-level measure.
The people behind the postcode
Who lives in Balwyn?
Balwyn VIC 3103 is in Victoria, within Greater Melbourne.
13,495 people call Balwyn home, with an average of 2.6 people per household and a median household income of $1,975 a week.
Public ABS 2021 Census figures. The bars compare the local share with the capital-region benchmark.
- Population
- 13,495
- Median age
- 43 years
- Median mortgage
- $3,000 / month
- 2021 household rent
- $451 / week
Above the benchmarkBelow the benchmarkIn lineGreater Melbourne benchmark
Age profile
Share of residents in each age band.
Under 1516.2%Below
15–3423.7%Below
35–5426.6%Below
55–7422.8%Above
75 and over10.7%Above
Homes
Share of occupied private dwellings.
Separate houses58.5%Below
Townhouses25.9%Above
Apartments15.1%In line
Ownership
Share of homes with a stated ownership or rental status.
Owned outright44.0%Above
Paying a mortgage28.2%Below
Renting27.8%Below
Cars at home
Vehicles available to occupied households.
No car7.1%Below
One car40.2%Above
Two cars38.5%Above
Three or more14.1%Below
Getting to work
Selected ways residents worked or travelled on Census day.
Worked from home38.0%Above
Drove to work38.8%Below
Train, tram or bus3.4%In line
Walked or cycled2.4%In line
What stands out in Balwyn
38.0% of workers in Balwyn worked from home on Census day — noticeably more common than across Greater Melbourne.
17.2% of Balwyn residents were born in China, about twice the rate across Greater Melbourne.
44.1% of people in Balwyn described themselves as having no religion in the 2021 Census.
A closer look at the Census
Questions people ask about Balwyn
Open any question for a plain-English reading of the public 2021 Census for Balwyn VIC 3103.
Is Balwyn family-friendly?Age, family structure and household size describe the community families would be joining.
16.2% of Balwyn's residents were children under 15 in the 2021 Census. That is close to the Greater Melbourne average.
3,766 family households lived in Balwyn; 49.4% were couple families and 16.2% were one-parent families.
35.9% of local families included children under 15. That is somewhat below the Greater Melbourne average.
These are suburb-wide household figures, not school or childcare ratings.
What is the age profile of Balwyn?The balance between younger adults, families and older residents changes how a suburb feels day to day.
Balwyn had 13,495 residents at the 2021 Census.
22.4% of residents were aged 25 to 44.
33.5% were 55 or older. That is well above the Greater Melbourne average.
Age shares use the suburb’s total Census population.
What kind of homes are in Balwyn?The dwelling mix shows whether the suburb is mostly detached homes, townhouses or apartments.
Separate houses made up 58.5% of occupied private dwellings in Balwyn.
Townhouses and other attached homes represented 25.9% of occupied private dwellings.
Flats and apartments accounted for 15.1% of occupied private dwellings.
All three shares use occupied private dwellings as the denominator.
Do people own or rent in Balwyn?Tenure shows how many households own outright, have a mortgage or rent.
44.0% of households with a stated tenure owned their home outright. That is well above the Greater Melbourne average.
28.2% were buying their home with a mortgage.
27.8% rented their home. That is somewhat below the Greater Melbourne average.
Tenure shares include households that stated one of these three arrangements.
How large are households in Balwyn?Household-size data shows the mix behind the suburb-wide average.
The average household in Balwyn had 2.6 people.
One-person households made up 25.4% of occupied homes. That is close to the Greater Melbourne average.
Two-person households represented 30.0%, while 26.2% had four or more usual residents.
Household size counts usual residents in occupied homes.
How do people get to work in Balwyn?Census-day travel shows the balance between home, road, public transport and active travel.
38.0% of workers worked from home on Census day. That is well above the Greater Melbourne average.
38.8% drove a car as their only travel method. That is well below the Greater Melbourne average.
3.4% used only a train, tram or bus, while 2.4% walked or cycled.
Travel figures are a 2021 Census-day snapshot.
How many cars do households have in Balwyn?Vehicle availability helps describe the routines local households can support.
7.1% of occupied households had no motor vehicle available. That is close to the Greater Melbourne average.
One-car households formed 40.2% of the total.
52.6% of households had two or more vehicles.
Vehicle counts refer to occupied households, not individual residents.
Who's moving to Balwyn, and who stays?Address history shows how settled or recently mobile residents were at the Census date.
58.1% were at the same address five years earlier, while 41.9% reported a different address.
45.5% of residents were born outside Australia. That is well above the Greater Melbourne average.
Mobility figures cover residents who answered the relevant Census question.
What languages are spoken in Balwyn?Language at home gives a direct view of the community’s everyday linguistic mix.
51.2% of residents used only English at home.
45.8% used a language other than English at home.
21.9% spoke Mandarin at home, 6.6% spoke Cantonese and 1.4% spoke Hindi.
Home language is separate from English proficiency.
Where were Balwyn residents born?Birthplace adds another layer to the local story, separate from ancestry and language.
45.5% of Balwyn's population was born outside Australia, while roughly 54.5% was born in Australia.
17.2% of residents were born in China.
3.6% were born in India, while Australian citizenship across the whole suburb stood at 78.0%.
Birthplace, citizenship and ancestry describe different parts of identity.
What ancestries shape Balwyn?Ancestry responses show how residents describe family and cultural background.
English ancestry accounted for 21.1% of ancestry responses in Balwyn.
Australian ancestry made up 16.8% of responses.
Chinese ancestry represented 34.4% of responses.
People may nominate more than one ancestry, so these are shares of responses.
What work do people do in Balwyn?Occupation describes a person’s role; industry describes the sector employing them.
38.4% of employed residents worked in professional occupations. That is well above the Greater Melbourne average.
Managers accounted for 19.3% of employed residents, while clerical and administrative workers made up 11.8%.
Health care and social assistance employed 16.6% of workers, and education and training employed 9.6%.
Occupation and industry figures describe employed residents of the suburb.
How active is the workforce in Balwyn?Participation, employment pattern and unemployment describe the resident labour force.
The labour-force participation rate was 57.7%, compared with 64.1% across Greater Melbourne.
31.6% of residents aged 15 and over worked full time, while 20.3% worked part time.
Unemployment was 5.0%, compared with 5.3% across Greater Melbourne.
Labour-force figures come from the 2021 Census.
What does the health profile of Balwyn show?Selected long-term health conditions help describe community service needs.
67.0% reported no selected long-term health condition.
5.8% reported a long-term mental health condition, including depression or anxiety.
6.5% reported asthma, 7.2% arthritis and 3.9% diabetes excluding gestational diabetes.
These are self-reported suburb-wide Census figures, not address-level health risks.
How educated is Balwyn?Qualifications describe the study pathways represented among local residents.
43.5% of people in the qualifications table held a bachelor degree. That is well above the Greater Melbourne average.
Postgraduate degrees accounted for 19.6% of qualification responses.
Diploma-level qualifications represented 13.7%, while certificate-level qualifications represented 9.6%.
Qualification categories are reported separately and are not school ratings.
What do incomes and housing costs look like in Balwyn?Census income and household payments give historical context for local living costs.
Median household income was $1,975 per week in the 2021 Census.
The median monthly mortgage repayment reported by local households was $3,000.
Occupied renting households reported a median rent of $451 per week.
These household figures are from 2021; current sale and asking-rent medians appear in the market section.
How does Balwyn compare with Greater Melbourne?A few clear differences place the suburb in its wider metropolitan context.
Working from home was 38.0% in Balwyn, compared with 28.8% across Greater Melbourne.
Outright ownership was 44.0% locally and 30.7% across Greater Melbourne. That is well above the Greater Melbourne average.
Renting accounted for 27.8% in Balwyn, against 31.1% across Greater Melbourne.
Capital-region comparisons use the same Census definitions and year.
Three useful questions
A buyer’s quick guide to Balwyn
Is Balwyn expensive?
The median house price is $2,650,000, while units and apartments sit at $839,000. Bedroom count, land and condition still create a wide range around those suburb medians.
Is Balwyn good for families?
The Census counted 3,766 local families, and 16.2% of residents were under 15. That describes the community; school quality, travel times and the right fit for a particular family need separate research.
What can I get for $1.5m in Balwyn?
2-bedroom houses have a median around $2,050,000, the closest bedroom benchmark we hold to a $1.5m budget. Individual homes can differ substantially with block size, renovation and location.
Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.
Explore the area
Streets and suburbs around Balwyn
157 streets in Balwyn
Street-by-street reports are not published yet. The streets below are the ones this suburb covers.
- Aif St
- Alandale Ave
- Austin St
- Balwyn Rd
- Banff Ct
- Banool Rd
- Beckett St
- Belgrove Ave
- Belmore Rd
- Bernborough Ave
- Bevan St
- Birdwood St
- Birtles Ct
- Birtles St
- Boston Rd
- Bowley Ave
- Brenbeal St
- Bruce St
Show all 157 streetsShow fewer streets
- Burke Rd
- Burroughs Rd
- Canyon St
- Caravan St
- Carlyle Cr
- Carmel Ct
- Carrick St
- Carrigal St
- Carronshore Cl
- Chatfield Ave
- Cherry Rd
- Clapham St
- Clayton Rd
- Collins Ct
- Connell Ct
- Conway Cr
- Cremorne St
- Crom St
- Dee St
- Delfi Ct
- Dundee St
- Dunure Ct
- Edmond St
- Ellen St
- Elliott Ave
- Erne St
- Eton Ct
- Evelina St
- Evergreen Ave
- Eyre St
- Fitzgerald St
- Frederick St
- Freeman St
- Georgian Ct
- Glenluss St
- Gordon St
- Grant Ave
- Grey St
- Grosvenor Pde
- Hamilton St
- Hardwicke St
- Head St
- Hender Ct
- Henley St
- Henry St
- Hertford Cr
- Highland Ave
- Hilary Ct
- Hilda St
- Ian St
- Iramoo St
- Jersey St
- John St
- Jurang St
- Kaarumba Gr
- Kaleno
- Kalgurli Ct
- Kalimna St
- Kenilworth St
- Kerry Pde
- King St
- Kinsale Cr
- Kireep Rd
- Knutsford St
- Liboria St
- Linckens Cr
- Lynch Ct
- Madang Ave
- Maleela Ave
- Mangan St
- Marion Ave
- Maritana Ct
- Marock Pl
- Marong Gr
- Melba Ct
- Metung St
- Millah Rd
- Monash Ave
- Mont Albert Rd
- Myambert Ave
- Naroo St
- Narrak Rd
- Norbert St
- Norris St
- Northcote Ave
- Nott St
- Nungerner St
- Oakdale Ave
- Paisley St
- Palmer Ave
- Para St
- Parkdale Ave
- Parring Rd
- Parring Road
- Pembroke Rd
- Percy St
- Porter Rd
- Power St
- Prowse Ave
- Pryton Ct
- Raynes St
- Reid St
- Relowe Cr
- Reumah Ct
- Rochester Rd
- Rogerson Ct
- Ropley Ave
- Ruby St
- Ruhbank Ave
- Salford Ave
- Salisbury St
- Sanctuary Cl
- Sevenoaks St
- Shrimpton Ct
- Strabane Ave
- Stroud St
- Talbot Ave
- Tedstone Cr
- Threadneedle St
- Tivey Pde
- Tonkin Ave
- Union Rd
- Vauxhall Rd
- Walker St
- Wallace St
- Weir St
- Westminster St
- Weston St
- Whitehorse Rd
- Whitehorse Road
- Wills St
- Winmalee Rd
- Woods St
- Wynette Ave
- Yandilla St
- Yarrbat Ave
- Yerrin St
- Yongala St
- Yonga Rd
12 suburbs surrounding Balwyn
Compare nearby suburb prices, rents and five-year market trends.
Keep exploring
Is Balwyn right for your search?
Use the finders to compare places and properties, or open the full report when you need the street, risk, schools and growth research.
Read the thinking
Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.