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Buying your home in Balwyn

Monday, February 7, 2022

Looking at Buying A Home In Balwyn?

Balwyn is a prestigious and highly sought-after suburb in Melbourne’s east. The tree-lined streets of historic homes with sprawling gardens, as well as charming family homes, new townhouses and even newer designer apartments providing it to be a desired suburb to purchase a home.

The location is suitable for the older generation and the younger generation including first home buyers, with an array of private schools for families to select from and has one of the best Public Secondary School in the state as well as a Primary Schools.

There is a beautiful & charming cinema that was first opened in 1930 and has been restored over the years. 

The area is surrounded by lush park & greenery making the suburb a haven for bird life.

Balwyn and the immediate surrounding suburbs of Kew, Canterbury, Surrey Hills, Mont Albert have a stylish, refined atmosphere, with quaint shopping strips full of lovely cafes serving delicious food & drinks. There are small bars that have live music on Sundays, ending the weekend in a relaxing mood ready for the start of the week.

With all this in one suburb, it’s a bonus that Balwyn is located just approximately 10km from Melbourne CBD and has reliable Bus and Tram Services that take you into Melbourne CBD. The freeways at just on the outskirts of the suburb that take you into the city, further into the Eastern Suburbs & the other area of Melbourne.

It’s an affluential suburb with approximately 36.4% of the population being professionals and having a median income of $2500 per week as per the census in 2016

The median property price for a house is $2,780,000 to purchase and the median rental is $740 per week. For a Unit, the median purchase price is $860,500 and for rental $410 per week according to realestate.com.au 

If your desire is to live in Balwyn or anywhere else for that matter, don’t hesitate to contact us and speak to one of our mortgage brokers. Our head office is based in Balwyn east of Melbourne, but we assist clients in all suburbs in Victoria and across Australia.