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Suburb: Balwyn
Postcode: 3103
Region: Melbourne's eastern suburbs
Region short: eastern suburbs
Office slug: fletchers-balwyn
Region slug: melbourne-eastern-suburbs
Source: REIV market insights
Accessed: July 2026
Version: 1
Saved: 2026-08-13T01:50:03.983Z
Created: 2026-08-13T00:00:00.000Z

## Stats
Median house price: $2.6m
Median unit price: $933,000
Clearance rate: 60.5%
Days on market: 43

## Disclaimer
REIV reports median sale prices separately for houses and units. Reporting periods and methodologies can differ by metric and provider. Suburb-level figures do not account for the substantial differences between individual properties, streets, school-zone status, land sizes and housing types. Check the date of the data and seek a property-specific assessment before making a decision.

## In brief
- Most buyers who come to Balwyn already know what they want: access to leading schools, leafy streets and quality family homes.
- What can be harder to judge is how much the market changes from one property to the next, school-zone eligibility, land size, housing type, condition and exact location can all materially affect value.
- Fletchers has served Melbourne's eastern suburbs since 1919.

## In brief secondary
- Known for established family homes and period architecture
- Whitehorse Road shopping and transport corridor runs through the suburb
- Buyers should assess each address individually, particularly where school zoning, planning controls or redevelopment potential are involved

## Image 1
Src: https://storage.googleapis.com/stateless-www-palacecinemas-co/2018/08/Balwyn-1200x600-1100x600.jpg
Alt: Palace Balwyn Cinema on Whitehorse Road, Balwyn
Caption: Palace Balwyn Cinema, Whitehorse Road. Opened 1953, still operating today.

## Established family homes
Period homes, renovated family residences and larger allotments can attract strong competition, particularly when the address also offers preferred school access, a practical floor plan and a well-regarded streetscape.

## Units and townhouses
Units, townhouses and contemporary builds provide a different entry point into Balwyn. Their value is influenced by factors such as position, design, owners corporation costs, outdoor space and proximity to shops and transport.

## Locals love
- Beckett Park
- Maranoa Botanic Gardens, Australia's largest collection of indigenous native plants
- Palace Balwyn Cinema, one of Melbourne's most iconic Art Deco cinemas
- Whitehorse Road Shopping Village, cafes, boutiques, bakeries and local shopping
- Balwyn Park
- Deepdene Shopping Village
- The Route 109 tram into the CBD
- Balwyn Library
- North Balwyn Village, the Belmore Road shopping precinct
- The leafy streets and heritage homes around Yarrbat Avenue, Monash Avenue and Mont Albert Road

## Image 2
Src: https://www.boroondara.vic.gov.au/sites/default/files/styles/council_photo_gallery_large/public/2023-07/Maranoa Botanic Gardens_garden area 1.jpg.webp?h=d1cb525d&itok=gLgfsTld
Alt: Maranoa Botanic Gardens, Balwyn
Caption: Maranoa Botanic Gardens, Balwyn. Image: City of Boroondara.

## Clubs
- Balwyn Football Club
- Balwyn Park Tennis Club
- Balwyn Cricket Club
- Balwyn Bowling Club
- Balwyn RSL
- Balwyn Basketball Association, Boroondara Sports Complex
- Balwyn Baseball Club
- Balwyn Scouts
- Balwyn Lions Club
- Rotary Club of Balwyn

## Six things to check
### Confirm the school zone for the exact address
School-zone boundaries do not simply follow suburb boundaries and may change. Confirm eligibility for the specific property through Find my School before relying on a listing description or making an offer.

### Compare like with like
A suburb median combines properties of very different sizes, ages and conditions. Compare recent sales with similar land, accommodation, location, school access and renovation quality.

### Prepare before the right home appears
Well-positioned family homes can be tightly held. Having finance, conveyancing advice and a building-inspection plan organised early can help buyers act with greater confidence.

### Look beyond the property itself
Street position, traffic, orientation, nearby development and walking access to shops, parks and public transport can influence both day-to-day liveability and future buyer demand.

### Check planning and heritage controls
Heritage controls apply to selected Balwyn properties and precincts and may affect demolition, alterations or redevelopment. Obtain a planning property report for the exact address through VicPlan and seek professional planning advice where required.

### Consider the wider school network
Balwyn is close to a number of government and independent schools. Travel time, enrolment rules and the needs of multiple children may be just as important as distance on a map.

## Pull quote
The strongest Balwyn comparisons are rarely suburb-wide. The exact street, school-zone status, land and housing type can materially change the result.

## Buyer groups
### Families prioritising school access
Buyers who begin with a specific school requirement and then assess accommodation, land, condition and transport within the eligible area.

### Upsizers seeking more space
Households moving from smaller homes or nearby suburbs in search of additional bedrooms, flexible living areas, outdoor space or a larger allotment.

### Local owners changing housing type
Long-term residents who want to remain close to familiar services and community connections while moving to a townhouse or unit with less maintenance.

## Schools government
- Balwyn Primary School
- Balwyn High School
- Deepdene Primary School
- Balwyn North Primary School

## Schools independent
- Fintona Girls' School
- Camberwell Grammar School
- Carey Baptist Grammar School
- Trinity Grammar School

## FAQ property types
Balwyn includes period houses, renovated family homes, contemporary residences, townhouses and units. Price and demand vary significantly according to the exact address, land, condition, housing type and school-zone status.

## FAQ valuation
A useful appraisal considers recent comparable sales, land size, orientation, accommodation, condition, planning controls, school zoning and current buyer demand. Contact the local Fletchers team for a confidential, property-specific assessment.

Suburb identity

Suburb name Postcode Region (full) Region (short, used in link label)

Market snapshot

Source name Accessed date

Stats

Snapshot disclaimer

Disclaimer

In brief

Primary bullets (large text)

Secondary bullets (small text)

Image 1

Src Alt Caption

Homes and units split

Established family homes Units and townhouses

Top 10 lists

Locals love (aim for 10)

Image 2

Src Alt Caption

Clubs and community groups (aim for 10)

Six things to check

Pull quote

Quote (one line, suburb-specific)

Buyer groups

Schools

Government schools

Independent schools

Links

Agency office slug Area profile slug

Links are auto-generated in the preview from suburb name, postcode and these slugs.

FAQ

Median price answer (auto-generated)

REIV market insights report a median house sale price of $2.6m and a median unit sale price of $933,000. Check the date of the figures before relying on them, as market data changes and suburb medians do not provide a valuation for an individual property.

Property types answer Valuation answer

PreviewLive — updates as you edit the form

Balwyn market snapshot

Source: REIV market insights, accessed July 2026

Median house price

$2.6m

Median unit price

$933,000

Clearance rate

60.5%

Days on market

REIV reports median sale prices separately for houses and units. Reporting periods and methodologies can differ by metric and provider. Suburb-level figures do not account for the substantial differences between individual properties, streets, school-zone status, land sizes and housing types. Check the date of the data and seek a property-specific assessment before making a decision.

Balwyn in brief

Most buyers who come to Balwyn already know what they want: access to leading schools, leafy streets and quality family homes.
What can be harder to judge is how much the market changes from one property to the next, school-zone eligibility, land size, housing type, condition and exact location can all materially affect value.
Fletchers has served Melbourne's eastern suburbs since 1919.

Palace Balwyn Cinema on Whitehorse Road, Balwyn

Palace Balwyn Cinema, Whitehorse Road. Opened 1953, still operating today.

Known for established family homes and period architecture
Whitehorse Road shopping and transport corridor runs through the suburb
Buyers should assess each address individually, particularly where school zoning, planning controls or redevelopment potential are involved

Different homes, different buyer markets

Established family homes

Period homes, renovated family residences and larger allotments can attract strong competition, particularly when the address also offers preferred school access, a practical floor plan and a well-regarded streetscape.

Units and townhouses

Units, townhouses and contemporary builds provide a different entry point into Balwyn. Their value is influenced by factors such as position, design, owners corporation costs, outdoor space and proximity to shops and transport.

Top 10 things Balwyn locals love

Beckett Park
Maranoa Botanic Gardens, Australia's largest collection of indigenous native plants
Palace Balwyn Cinema, one of Melbourne's most iconic Art Deco cinemas
Whitehorse Road Shopping Village, cafes, boutiques, bakeries and local shopping
Balwyn Park
Deepdene Shopping Village
The Route 109 tram into the CBD
Balwyn Library
North Balwyn Village, the Belmore Road shopping precinct
The leafy streets and heritage homes around Yarrbat Avenue, Monash Avenue and Mont Albert Road

Maranoa Botanic Gardens, Balwyn. Image: City of Boroondara.

Top 10 clubs and community organisations in Balwyn

Balwyn Football Club
Balwyn Park Tennis Club
Balwyn Cricket Club
Balwyn Bowling Club
Balwyn RSL
Balwyn Basketball Association, Boroondara Sports Complex
Balwyn Baseball Club
Balwyn Scouts
Balwyn Lions Club
Rotary Club of Balwyn

Six things to check before buying in Balwyn

01 Confirm the school zone for the exact address

School-zone boundaries do not simply follow suburb boundaries and may change. Confirm eligibility for the specific property through Find my School before relying on a listing description or making an offer.

02 Compare like with like

A suburb median combines properties of very different sizes, ages and conditions. Compare recent sales with similar land, accommodation, location, school access and renovation quality.

03 Prepare before the right home appears

Well-positioned family homes can be tightly held. Having finance, conveyancing advice and a building-inspection plan organised early can help buyers act with greater confidence.

04 Look beyond the property itself

Street position, traffic, orientation, nearby development and walking access to shops, parks and public transport can influence both day-to-day liveability and future buyer demand.

05 Check planning and heritage controls

Heritage controls apply to selected Balwyn properties and precincts and may affect demolition, alterations or redevelopment. Obtain a planning property report for the exact address through VicPlan and seek professional planning advice where required.

06 Consider the wider school network

Balwyn is close to a number of government and independent schools. Travel time, enrolment rules and the needs of multiple children may be just as important as distance on a map.

The strongest Balwyn comparisons are rarely suburb-wide. The exact street, school-zone status, land and housing type can materially change the result.

Common buyer groups in Balwyn

Common buyer profiles encountered in the local market may include:

Families prioritising school access

Buyers who begin with a specific school requirement and then assess accommodation, land, condition and transport within the eligible area.

Upsizers seeking more space

Households moving from smaller homes or nearby suburbs in search of additional bedrooms, flexible living areas, outdoor space or a larger allotment.

Local owners changing housing type

Long-term residents who want to remain close to familiar services and community connections while moving to a townhouse or unit with less maintenance.

Schools in and around Balwyn

Government schools

• Balwyn Primary School

• Balwyn High School

• Deepdene Primary School

• Balwyn North Primary School

Independent schools nearby

• Fintona Girls' School

• Camberwell Grammar School

• Carey Baptist Grammar School

• Trinity Grammar School

This is a general proximity list, not an enrolment or zoning guarantee. Confirm government-school eligibility for the specific address and contact individual schools regarding enrolment requirements.

Where to go from here

Houses for sale in Balwyn →Recent sales in Balwyn →Fletchers Balwyn office →More eastern suburbs guides →All Fletchers suburb guides →

Questions about buying or selling in Balwyn

What is the median house price in Balwyn?

What types of properties are available in Balwyn?

Balwyn includes period houses, renovated family homes, contemporary residences, townhouses and units. Price and demand vary significantly according to the exact address, land, condition, housing type and school-zone status.

How do I find out what my Balwyn property is worth?

A useful appraisal considers recent comparable sales, land size, orientation, accommodation, condition, planning controls, school zoning and current buyer demand. Contact the local Fletchers team for a confidential, property-specific assessment.