Balwyn North, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Balwyn North
VICCensus 2021 · Population 21,299
Balwyn North is a suburb with a total population of 21,299, characterized by a slightly older median age of 42 compared to the Victorian average of 38. The suburb has a balanced gender distribution with 49.1% male and 50.9% female residents. A significant portion of the population, 57.3%, consists of couples with children, indicating a family-oriented community. The area is predominantly owner-occupied, with 45.8% of homes owned outright and 32.3% owned with a mortgage. The high median household weekly income of $2,346 reflects the affluent nature of the suburb.
Key Highlights
- Highly educated population - 47.2% hold bachelor degrees (vs VIC 29.2%)
- High median household income - $2,346 weekly (vs VIC $1,759)
- Predominantly owner-occupied housing - 78.1% owned (outright or with mortgage)
- Significant work-from-home culture - 36.6% (vs VIC 25.7%)
- Diverse cultural background - 45.7% born overseas (vs VIC 35.0%)
Things to Consider
- Higher property prices may challenge first-home buyers
- Low public transport usage might affect those without cars
- Higher median age may not appeal to younger demographics
- Limited rental market with only 19.5% of properties rented
- Unemployment rate slightly above state average at 5.1%
What's it like living here?
Daily life in Balwyn North is marked by a strong community feel, with a high percentage of residents working from home (36.6%), significantly above the Victorian average of 25.7%. Commuting is primarily done by car, with 42.0% of residents driving to work, while public transport usage is relatively low at 4.2%. The suburb's residents are highly educated, with 47.2% holding a bachelor's degree or higher, which is well above the state average.