BITE-SIZED FACTS ABOUT BUILDING IN BALWYN
Balwyn is a highly sought-after location for real estate, with many properties selling quickly and for high prices. One of the factors, besides its close proximity to Melbourne CBD is the prestigious schools in the local catchment zone. As an example, Balwyn High School is consistently ranked among the top public schools in Victoria. This has made the suburb popular with families with school-aged children.
The median house price in Balwyn is significantly higher than the Melbourne average, with a median value of over $2 million, according to realestate.com.au.
Balwyn is known for its large, luxurious homes, many of which were built in the 1920s and 1930s in the popular Art Deco and Spanish Mission architectural styles. In recent years, there has been an increase in the construction of high-end, modern apartments and townhouses in Balwyn, particularly along major transport routes such as Whitehorse Road.
Despite being an affluent suburb, Balwyn also has a diverse community, with residents from a range of cultural backgrounds and income levels.