Balwyn North is one of the deepest family-house markets in the inner east, and the volume tells the story. Around a hundred and fifty four-bedroom homes sold over the past year near a median of $2.118m, the busiest single segment of any suburb in this report, alongside more than ninety three-bedroom sales. Prized school access keeps the buyer pool full, and with around eight in ten homes owner-occupied this is a settled, family-first suburb.
Clearances step down as prices rise, from the low sixties on three-bedroom homes to the high forties on the largest houses, the familiar pattern of a market where the upper end asks for more patience.
With stock and confidence building into spring, the depth of buyer demand for the classic family home is the headline here. Pricing to this year's genuine sales is what converts that demand, particularly in the four-bedroom bracket where the competition is real.
Median sale price for houses in Balwyn North is $2,200,000, up 2.3% from last year.
Median sale price for units in Balwyn North is $865,000, up 9.8% from last year.
Properties sold for houses in Balwyn North is 348, up 5.5% from last year.
Properties sold for units in Balwyn North is 44, up 0.0% from last year.
Auction clearance for houses in Balwyn North is 59.8%, down 10.8% from last year.
Auction clearance for units in Balwyn North is 80.0%, up 17.6% from last year.
Av days on market for houses in Balwyn North is 52, down 1.9% from last year.
Av days on market for units in Balwyn North is 48, down 21.3% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
Good property management should remove uncertainty, not create more of it.
If you're considering engaging a property manager, one of the first questions you're likely to ask is: how much does property management actually cost?
Owning an investment property and owning a good investment property are not necessarily the same thing. It’s an important distinction, and one that property investors should revisit regularly.
The Reserve Bank's decision to leave the cash rate on hold at 4.35 per cent is welcome news for buyers, sellers and businesses alike. While it's not a silver bullet for Melbourne's property market, it should provide some reassurance that the aggressive phase of the interest rate tightening cycle may be easing.
Discover the hidden potential of your biggest asset — for free, in seconds. Choose an Instant Appraisal for immediate market value and suburb performance, or request an in-depth Agent Appraisal from our experienced local Woodards professionals.
No obligation. No pressure. Just clarity.
Find Camberwell's Best Real Estate Agents at Woodards
All of our agents have the experience and local knowledge to guide you
Whether selling or investing, an appraisal of value will give you the confidence to make an informed decision
Switch to Woodards Property Management
