Balwyn North VIC Property Investment
Whitehorse · 3104 · Score: 70/100 · Buy
Balwyn North Short-Term Rental (Airbnb) Market
Estimated revenue assumes year-round availability. Non-hosted short-stays are night-capped in some councils (e.g. 60 nights across most of Byron Shire, 180 in Ballina, Muswellbrook and parts of Greater Sydney) and levied in Victoria — the legal cap can cut achievable income well below this figure. Run STR Check for the rules on a specific address.
Balwyn North VIC Investment Brief
BUY — $2,046,295 (single source — OnTheHouse only, no peer to validate) median with 7.6%/yr growth over 5 years.
THE MARKET
Balwyn North has compounded at 7.6%/yr over 5 years. Median sits in the $2,046,295 (single source — OnTheHouse only, no peer to validate) band today. Properties are sitting on market for 66 days (buyers have negotiating room).
- Median house: $2,046,295 (single source — OnTheHouse only, no peer to validate) | Units: $1,199,666
- Gross yield: 2.3% | Net yield: 0.8%
- 5yr price CAGR: 7.6%/yr | 3yr forecast: 1.6%/yr
- Population: 21,302 | Owner-occupier rate: 78% | Affluence: Very High
- Supply pipeline: Moderate — Development activity consistent with long-term averages
RENTAL SNAPSHOT
- Vacancy: 2.2% (stable) | Rental demand: High
- Median weekly rent: $910/wk | Days on market: 66 (worsening)
- Balanced market — vacancy manageable but monitor trend.
SHORT-TERM RENTAL
- Median nightly rate: $556/night | Occupancy: 48%
- Estimated annual STR gross: ~$97,488/yr
- vs long-term rent: $47,320/yr (+106% STR premium — factor in higher management costs)
INFRASTRUCTURE & CATALYSTS
- North East Link (Melbourne) (Under Construction)
- Suburban Rail Loop East (Melbourne) (Under Construction)
- West Gate Tunnel (Melbourne) (Under Construction)
- Angliss Hospital Expansion (Under Delivery)
- Transport: Stop 51: Balwyn Road station 0.3km away
BULL CASE
If Balwyn North maintains 3%+ annual growth and vacancy stays below 1.5%, median prices could reach $2,353,239 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 $2,046,295, with vacancy rising to 4.0% and rental yields softening as tenants gain leverage.
KEY RISKS
- Premium price point limits buyer pool and increases interest rate sensitivity
COMPARABLE MARKETS
- Box Hill (VIC): $1,498,910 median, 2.4% yield, 11.1% 1yr growth
- Fitzroy (VIC): $1,600,000 median, 3.2% yield, 7.9% 1yr growth
- Box Hill South (VIC): $1,458,057 median, 2.5% yield, 1.5% 1yr growth
THE PLAY
Balwyn North presents a compelling investment opportunity. The combination of solid fundamentals and high rental demand supports entry at current price levels. Proceed with due diligence on specific properties. Target gross yields above 2.3% and prioritise properties with value-add potential. Consider timing entry around the current stable phase of the market cycle.
- Entry range: $1,841,666 – $2,250,924
- Minimum gross yield to target: 4.5%
- Watch signal: vacancy dropping below 2% and days on market falling below 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
Gentrification Index
Growth Forecast
low confidenceBasis: 5yr CAGR 7.6% + 10yr CAGR 7.7%
- +Low rental vacancy (2.2%) — constrained supply
- +Premium transport infrastructure — supports long-term capital growth
- −Slow market (66 days avg) — buyer hesitancy
- −High supply pipeline (6960 new approvals) — may cap price growth
Suburb Metric Thresholds
Macro Environment
Macro Indicators
Cash Rate
4.35%
▲ 0.25%Cash rate as at 2026-05-06 · Credit data 2026-06
Suburb Supply & Demand
Suburb Supply Pipeline — New Dwelling Approvals
1,700
2020
1,786
2021
1,442
2022
1,235
2023
797
2025
New dwelling approvals — higher numbers mean more future supply
Socio-Economic Profile
Source: ABS Census 2021SEIFA Index · Postcode 3104
Decile 9 of 10 — Low disadvantage
Population
21,302
Education (IEO)
10/10
Econ. Resources (IER)
9/10
10-Year Investment Projection
Modelled on Balwyn North VIC data — rent, capital growth, tax, and depreciation over 10 years.
Pre-filled: $910/wk median rent for Balwyn North. Capital growth and rent increase are editable assumptions.
Schools
In your catchment
These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.
Nearby Suburbs
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.