Balwyn North VIC Property Investment

THE MARKET

Median house price in Balwyn North sits at $2,300,000 with 33 days on market and a 2.3% vacancy rate. This is a balanced market right now.

- **Median house:** $2,300,000 | **Units:** $705,395 - **Gross yield:** 2.0% | **Net yield:** 0.5% - **5yr price CAGR:** -0.1%/yr | **3yr forecast:** -0.1%/yr - **Population:** 17,183 | **Owner-occupier rate:** 32% | **Affluence:** Very High

- **Supply pipeline:** Moderate — Development activity consistent with long-term averages

RENTAL SNAPSHOT

- **Vacancy:** 2.3% (worsening) | **Rental demand:** High - **Median weekly rent:** $880/wk | **Days on market:** 33 (stable) - Balanced market — vacancy manageable but monitor trend.

SHORT-TERM RENTAL

- **Median nightly rate:** $175/night | **Occupancy:** 66% - **Estimated annual STR gross:** ~$42,158/yr - **vs long-term rent:** $45,760/yr (comparable — LTR offers simpler management)

INFRASTRUCTURE & CATALYSTS

- No major confirmed infrastructure projects on record. - **Transport:** Well-connected inner-city location

BULL CASE

If Balwyn North maintains 3%+ annual growth and vacancy stays below 1.6%, median prices could reach $2,645,000 within 3 years with yields compressing slightly as capital values rise.

BEAR CASE

A market correction or interest rate shock could see prices in Balwyn North pull back 10-15% from $2,300,000, with vacancy rising to 4.1% and rental yields softening as tenants gain leverage.

KEY RISKS

- Negative price growth suggests a softening market - Premium price point limits buyer pool and increases interest rate sensitivity

COMPARABLE MARKETS

- **Fitzroy North** (VIC): $1,885,000 median, 0.0% yield, 0.0% 1yr growth - **Garden City** (VIC): $1,798,300 median, 0.0% yield, 0.0% 1yr growth - **Glen Huntly** (VIC): $1,735,500 median, 0.0% yield, 0.0% 1yr growth

THE PLAY

Balwyn North offers balanced fundamentals but does not present an urgent buying signal. The market is in a correction phase with moderate vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.0%.

- Entry range: $2,070,000 – $2,530,000 - Minimum gross yield to target: 4.5% - Watch signal: vacancy dropping below 2% and days on market holding under 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.