Balcolyn vs Yarrawonga Park.
Comparing two suburbs with median house prices of $880,000 and $735,000.
Yarrawonga Park (median $735,000) is roughly 20% cheaper to buy into than Balcolyn ($880,000). Over the past year, Balcolyn (+12.5%) ran 3.6 percentage points ahead of Yarrawonga Park (+8.9%) on house-price growth.
For buyers
Yarrawonga Park is the lower entry point at $735,000 median, 20% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Investors face a yield-versus-growth split: Yarrawonga Park delivers the better gross yield (4.92% vs 4.11%), but Balcolyn has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
For families
School and household data is too similar between the two to call a winner on family fit. Check the individual profiles for street-level school catchments.
Common questions
Is Balcolyn or Yarrawonga Park cheaper to buy in?
Yarrawonga Park has the lower median house price at $735,000, roughly 20% below Balcolyn ($880,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Balcolyn or Yarrawonga Park?
Over the past 12 months, Balcolyn grew +12.5% vs +8.9% in Yarrawonga Park, a gap of 3.6 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Which suburb has higher rental yield, Balcolyn or Yarrawonga Park?
Gross rental yield on houses is 4.92% in Yarrawonga Park vs 4.11% in Balcolyn. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Balcolyn against another suburb