23rd May 2019 / Beth Oleyar: A Basic Guide to Living in Balwyn

Magnificently located just 10 kilometres from Melbourne CBD in the eastern municipality of Boroondara, the suburb of Balwyn is home to a wonderful array of showstopping period homes and historic mansions.

Combined with a vast assortment of contemporary, luxurious housing, Balwyn gives with both hands; not only servicing residents with a taste for exquisitely structured Art Deco homes, but those looking to move into a dazzling, ultra-modern townhouse or designer apartment complex.

A highly sought-after suburb, it's no wonder Balwyn offers occupants a variety of prestigious private schools along its leafy, green public parks and tree­ lined streets. As a relatively quiet area of Melbourne's east, Balwyn is graced with multiple public transport services, lovely shopping precincts, charming cafes and a historic arthouse cinema, which is located on Whitehorse Road.

According to Domain, Balwyn is home to a population of just over 13,000 residents, who are largely made up of older couples and families. With an average age of 40-59 years, the majority of locals own their own home, with the remaining 26% renting their property.

With house prices in Balwyn said to be holding up better than surrounding suburbs amid the housing market slowdown, it would seem this blue-chip suburb has all the makings of a great place to call home.

Domain Senior News Producer, Elizabeth Redman, agrees.

'Balwyn's very blue-chip and properties that are in A-class locations haven't been affected . Buyers have been drawn to the top schools and other amenities in the neighbourhood.'

Reeling in an average price of $1.8 million for a 3-bedroom home, properties in Balwyn are currently seeing an average of 55 days on market. Receiving a median score of 8.8 out of 10 on Homely, it would seem without a doubt that Balwyn is a superb choice for families, retirees and young individuals in search of a relaxed and stylish lifestyle.

For more information on Balwyn and a fantastic selection of properties we currently have on offer, please don't hesitate to get in touch with our team at the Fletchers Balwyn North office.

Fletchers Balwyn North
61 Doncaster Road, Balwyn North
balwynnorth@fletchers.net.au
03 9859 9561