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Balwyn North, VIC 3104

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Balwyn North, VIC 3104 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield 

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Buy 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Balwyn North, VIC 3104”

  1. The total adult population (15 years or older) of Balwyn North 3104 VIC is 17,505, with a median age of 42. Of those, 57.12% are married, 6.59% are divorced or separated, 31.56% are single and 4.76% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $10,908. The median monthly mortgage repayment for households in this suburb is $3,078 which is 28.22% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburban locale of Balwyn North, with the postal code 3104, fondly resides in the bustling region of Victoria. Boasting an estimated 8,641 households, this close-knit community presents an appealing market for property enthusiasts. As we delve into the insights from Q3 of 2023, a precise appraisal is unveiled.

    Houses in Balwyn North are presently trading at an average price of an impressive $2,644,408 AUD. Coupled with a median weekly rental fee of $638, this outcome amounts to an indicative yield of 1.25%. Despite falling short of the 3% benchmark preferred by cash-flow centric property investors, it depicts an exciting prospect worth evaluating for an appreciable capital gain.

    Conversations around socio-economic standing witness Balwyn North scoring an admirable 1,115 out of a potential 1,217 on the IRSAD score. It implies an area buzzing with economic activities with high earning residents. Simultaneously, a significantly lower renter to owner ratio at 19% indicates a community primarily composed of homeowners, thus promising lower competition for property investors in the rental market.

    Balwyn North’s respective unit to house ratio stands at 9% which is considerably favourable. This lower proportion of units or apartments presents more opportunities for landlords by reducing the competition for tenants, thus helping maintain higher yields and longer tenancy periods.

    The affordability index for houses stands at 95 years, implying that owning a home is a long-term endeavour for the typical home buyer. However, astute property investors might still find prospects for noteworthy capital growth due to the compelling socio-economic scores and prevalent owner-occupier trend.

    Supply metrics, including a 0.21% stock on market Percentage and a Snappy inventory level of 0.66 months for houses, underline an environment of low supply, favourable for investment. A building approvals Ratio of 1.04% notifies a moderate influx of new dwelling supply to the market.

    Market demand metrics reveal houses remain on the market for 21 days on average, illustrating high demand. Anchored by a vacancy rate of 2.02% and further reinforced by a buy search index at 4, Balwyn North surfaces as a market with satisfactory demand, further enhancing its appeal as an investment location.

    Inspecting these data points, Balwyn North records significant merits as potential property investment terrain. It is always essential to be guided by structured data analysis to navigate the ever-evolving property investment landscape. Understanding the intricate dynamics of various metrics and regularly surveying market developments can significantly augment real estate investment decisions. An innovative tool such as the Relative Composite Score (RCS) introduced by HtAG Analytics simplifies this process by methodically examining over 80 diverse metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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