All About Balwyn North, Boroondara, VIC, 3104

Balwyn North, located within the City of Boroondara in Victoria, Australia, is known for its affluent housing market and picturesque suburban environment. Over the years, the suburb has maintained a strong appeal among families and professionals, largely due to its excellent schooling options, abundant green spaces, and proximity to Melbourne’s central business district. The housing market in Balwyn North is characterized by high demand and impressive property values, with an array of well-preserved period homes, contemporary residences, and luxury apartments. This diversity in housing offers potential buyers various options, though properties tend to come with premium price tags, reflective of their desirable location and the suburb's amenities. The market has remained relatively resilient, even amidst broader economic fluctuations, underscoring the suburb's enduring popularity and the consistent demand for its real estate.

Living in Balwyn North offers a blend of tranquility and convenience, making it a coveted address for many. The suburb boasts numerous parks and recreational facilities, such as the Koonung Creek Reserve and Macleay Park, which provide residents with ample opportunities for outdoor activities. Additionally, the presence of top-rated educational institutions, including Balwyn High School, enhances the suburb's appeal to families seeking quality schooling options for their children. The well-connected public transport system, including bus services and nearby train stations, ensures easy access to Melbourne’s city center and other parts of Greater Melbourne, making commuting relatively straightforward. The local community enjoys a selection of cafes, boutiques, and shopping centers, which contribute to a vibrant yet laid-back lifestyle. Overall, Balwyn North represents a harmonious mix of urban convenience and suburban serenity, appealing to those seeking a well-rounded living experience.

Balwyn North Real Estate Market Outlook

Thinking about buying in Balwyn North? Now could not be a better time, with 9501 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,826,000 with prices in this suburb ranging from $488,000 to $14,862,000. The aproximate distance to the coast is 10 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Balwyn North ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Balwyn North classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Balwyn North requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!