Balwyn, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Balwyn
VICCensus 2021 · Population 13,498
Balwyn is a suburb characterized by its established family-oriented community, with a total population of 13,498. The median age is 43, which is higher than the Victorian average of 38, indicating a mature population. The suburb has a balanced gender distribution with 46.6% males and 53.4% females. Families are predominant, with 49.4% being couples with children and 32.9% couples without children. The suburb is also culturally diverse, with 48.4% of residents born overseas, compared to the Victorian average of 35%.
Key Highlights
- Highly educated population - 48.5% hold bachelor degrees (vs VIC 29.2%)
- High median household income of $1,975 weekly (vs VIC $1,759)
- Significant work-from-home culture - 38% (vs VIC 25.7%)
- Culturally diverse with 48.4% born overseas (vs VIC 35%)
- Predominantly owner-occupied housing - 42.2% owned outright
Things to Consider
- Higher median age may not appeal to younger demographics
- Median monthly mortgage of $3,000 could be a barrier for some buyers
- Lower percentage of separate houses compared to VIC average
- High percentage of high-income households may affect affordability
- Limited public transport use at 5.4%
What's it like living here?
Daily life in Balwyn is marked by a high level of education and professional engagement, with 48.5% of residents holding a bachelor's degree or higher. Commuting patterns show that 38% of the population works from home, significantly higher than the Victorian average of 25.7%. The community has a strong professional presence, with 38.4% employed as professionals. The suburb offers a mix of housing options, with a majority of properties being separate houses, but also a notable percentage of townhouses and apartments.