Amir Sharifi
Eastern Property Advocates
Donvale, VIC+10
Melbourne · Inner East
A suburb in the City of Boroondara. Most homes are separate houses.
Last reviewed 25 October 2026
Market snapshot
Official figures
Read 6 October 2026
Median house price by year1
At the 2021 Census
Sources
Balwyn 3103 · Inner East. Medians describe sales, not the value of any one home.
Before you buy
Boroondara's Heritage Overlay schedule lists the Reid Estate, the Balwyn Village Commercial Precinct on Whitehorse Road and the Gordon Street Precinct at 133-141 Gordon Street, and parts of Balwyn are in each. It also lists individual places such as Fintona Girls School, formerly Tourmont, at 79 Balwyn Road. Check the address against the Heritage Overlay before you plan works.
Amendment C412boro proposes to apply the Heritage Overlay to six places in Camberwell, Balwyn, Kew and Surrey Hills on a permanent basis. As at 13 August 2026 its status was adoption under consideration.
Parts of Balwyn are in the Special Building Overlay. Ask the council about the overlay at the address before you make an offer. We found no part of Balwyn in the Built Form Overlay or the Housing Choice and Transport Zone.
We found no train station in Balwyn. By our map check of the operator's timetable data, tram route 109 stops on Whitehorse Road, at stops it names Balwyn Shopping Centre, Balwyn Rd and Balwyn Cinema.
The Department of Education lists Balwyn Primary School at 86B Balwyn Road and Belmore School, a specialist school, at 49 Stroud Street, both with Balwyn addresses. Its data does not give Balwyn High School a Balwyn address. In Victoria, a child who lives in a government school's zone must be offered a place there, and Find my School is the official source of zones. Check the zone for the address if you are counting on a place. Specialist schools for students with disability have no zone.
Homes Victoria's Rental Report for the September quarter 2025 gives a moving annual median weekly rent of $750 for a three-bedroom house and $1,000 for a four-bedroom house, for new lettings in its Balwyn group in the year to September 2025. Homes Victoria counted 839 new lettings in the group that year. Homes Victoria does not say which streets the group covers, and has no separate Balwyn North group.
At the 2021 Census, 58.5% of Balwyn homes were separate houses, 26.0% were semi-detached, row or terrace houses or townhouses and 15.1% were flats or apartments.
Agents on a Pro plan who serve Balwyn
Why a buyers agent
In Balwyn, most homes are separate houses, parts of the suburb are in heritage precincts and estates, and a heritage amendment is under consideration. A buyers agent checks the planning scheme and school zone for each home on your shortlist, prices it against the sales closest to it, and negotiates or bids at auction for you.
Parts of Balwyn are in the Reid Estate, the Balwyn Village Commercial Precinct and the Gordon Street Precinct. An agent checks the address before you bid.
Amendment C412boro proposes the Heritage Overlay for six places in Camberwell, Balwyn, Kew and Surrey Hills. An agent checks whether it reaches the home you want.
Balwyn Primary School has a Balwyn address in the Department of Education's data, and Balwyn High School does not. An agent checks the address against the zone on Find my School.
The State Revenue Office Victoria charges no duty on a first home with a dutiable value up to $600,000, and a reduced amount from $600,001 to $750,000. An agent with your conveyancer checks whether the home you choose qualifies before you sign.
Compare
| Metric | This suburbBalwyn | NearbyKew | NearbySurrey Hills |
|---|---|---|---|
| Median house | $2,860,000 | $2,778,000 | $2,304,000 |
| Median unit | $819,000 | $846,500 | $914,500 |
| Year-on-year growth | -1.0% | -1.1% | +1.5% |
| 5-year growth | +26.5% | +23.4% | +22.6% |
| Rental yield | Not available | Not available | Not available |
| Postcode | 3103 | 3101 | 3127 |
Official medians for 2025 from the state Valuer-General, and our calculations from them. Sources are on each suburb page.
The place
Balwyn had 13,495 residents at the 2021 Census, with a median age of 43. ABS boundary files place it in the City of Boroondara. Balwyn North is a separate suburb.
At the 2021 Census, 42.2% of Balwyn homes were owned outright and 27.1% with a mortgage. The median weekly rent at that Census was $451 and the median monthly mortgage repayment was $3,000.
Frequently asked
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Official figures are cited in the figures block above. Editorial review: 25 October 2026.
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