Balwyn, VIC 3103
City of BoroondaraAll suburbs in postcode 3103
Updated
Median house price
$3,128,000
Median · Land Victoria · the latest published quarter (updated May 2026)
Selling in Balwyn?
Get the free selling guide, personalised to Balwyn, or ask for a free appraisal from a local agent.
Balwyn at a glance
- Median unit
- $790,000
- Weekly rent
- $750
- Houses · units $588
- Population
- 13.5k
- Median age 43
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Rent: Victorian rental report, September 2025 · Population: 2021 Census
House prices in Balwyn
Houses change hands at $3,128,000 on a typical sale, well above the Victoria median. Units come in around $790,000, roughly 75% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $626,000. Prices sit well above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Rental data as of September 2025· Victorian rental report
Free appraisal in Balwyn
What’s your home worth in Balwyn?
Ask us to introduce one participating agent who sells in your area for an appraisal backed by recent comparable sales. Only with your permission, and no commitment to list.
What to know about Balwyn
Balwyn (3103) sits in the Boroondara region of Victoria. The median house here is $3,128,000, well above the Victoria median of around $850K.
Balwyn has roughly 13,495 residents, with an established, older skew. Households are mostly owner-occupied. Day-to-day life here is very walkable, with most errands manageable on foot.
What it’s like to live here
Balwyn scores 100/100 on walkability, which makes it very walkable with limited public transport. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 27°C (mild), winter mornings around 6°C (cool). Annual rainfall lands at about 707 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 7 government primary, 3 government secondary, 4 Catholic, 5 independent.
Schools in Balwyn
Location
Walkability
- Walk
- 100/100
- Transit
- 40/100
- Bike
- 100/100
Walker's paradise. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Balwyn's population at 13,495, with a median age of 43. That sits as an established, older skew. Households are mostly owner-occupied (69% own, 27% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (72% family households, 25% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
- Family households
- 72%
- Lone person
- 25%
- Owner occupied
- 69%
- Renter occupied
- 27%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 1.25% (median rent $750/wk against a $3,128,000 price tag). Units yield 3.87% gross, often the better cash-flow play for first-time investors. Renter share is modest (27%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
- Gross yield, housesSource: Land Victoria / DTP · May 2026
- 1.25%
- On the $3,128,000 median
- Gross yield, unitsSource: Land Victoria / DTP · May 2026
- 3.87%
- On the $790,000 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
616 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of December 2026
Weather year-round
- Annual rainfall
- 707 mm
- Hottest month, avg max
- 26.9°C
- Coldest month, avg min
- 6.2°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Balwyn
- What is the median house price in Balwyn?
- The median house price in Balwyn, VIC 3103 is $3,128,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $790,000.
- How much is my house worth in Balwyn?
- A useful starting point is the Balwyn median house price of $3,128,000 (units $790,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Balwyn a good investment?
- On the published figures, the gross rental yield on houses in Balwyn is 1.2%: the median weekly house rent is $750 (Victorian rental report, September 2025) against the median house price of $3,128,000 (Land Victoria, the latest published quarter, updated May 2026). No 12-month price change is published for Balwyn: the Land Victoria figures we hold do not measure one. Whether Balwyn is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Balwyn postcode?
- Balwyn is in the 3103 postcode, in VIC, in the City of Boroondara region.
- Where is Balwyn?
- Balwyn is a suburb in the City of Boroondara area, VIC 3103.
- What is the average rent in Balwyn?
- The median weekly rent for houses is $750, for units it's $588.
- What schools are in Balwyn?
- There are 20 schools serving Balwyn on this page, including Belmore School, Balwyn Primary School, Fintona Girls' School.
- How walkable is Balwyn?
- Balwyn has a Walk Score of 100 out of 100, very walkable. transit score 40, bike score 100.
- What suburbs are near Balwyn?
- Balwyn is close to Balwyn East, Deepdene, Stradbroke Park, Canterbury, Balwyn North.
- What is the population of Balwyn?
- The population of Balwyn is approximately 13,495 (2021 Census). The median age is 43.
Selling in Balwyn? Get the free selling guide
What selling costs, how agents price homes, what to ask them and a 12-week plan to settlement, personalised to Balwyn. A free PDF, in about a minute.
More on Balwyn and nearby
Balwyn
Nearby suburbs
Compare side by side
Selling in VIC
Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.