# Housing & Dwellings — Balwyn

Where and how people live — the homes, how they are held, and what they cost.

Area: Balwyn (Statistical Area 2 (SA2))

Typical monthly mortgage payments of $3,000 are among the highest for similar areas in Balwyn. This high cost of entry is paired with a strong trend toward home ownership, though the types of dwellings are shifting away from large detached houses.

Typical monthly home loans are far above the state and national figures, having risen by $800 since 2011. Renters also pay more than usual, with a typical weekly rent of $461, which is a little above the Victorian average.

Separate houses make up 59.6% of the area, a figure far below the state and national averages. This shift is seen in the trend since 2011, where detached houses fell by 8.0 percentage points and homes with three or more bedrooms are now much lower than in most areas.

Home ownership is strong here, with 42.9% of homes owned outright—far above the national figure. Meanwhile, the proportion of households renting has risen slightly since 2011 to 25.8%, which is well below the Australian average.

## Statistics

| Statistic | Value | Change since |
| --- | --- | --- |
| Median rent (weekly) | $461 | +29.9% since 2011 |
| Median mortgage repayment (monthly) | $3,000 | +36.4% since 2011 |
| Average people per bedroom | 0.80 | -27.3% since 2011 |
| Households renting | 25.8% | +12.9% since 2011 |
| Homes owned outright | 42.9% | -9.0% since 2011 |
| Separate (detached) houses | 59.6% | -11.9% since 2011 |
| Homes with three or more bedrooms | 69.1% | -0.1% since 2011 |

**How homes are owned or rented** — Owned outright 42.9%, Owned with a mortgage 27.0%, Rented 25.8%, Other tenure 3.2%, Not stated 1.1%

**Types of homes** — Separate house 59.6%, Townhouse / semi-detached 25.6%, Flat or apartment 14.4%, Other dwelling 0.1%

**Bedrooms per home** — 3 bedrooms 30.0%, 4 bedrooms 25.8%, 2 bedrooms 25.4%, 5 or more 13.3%, 1 bedroom 4.5%, Studio / none 0.1%

**Weekly rent distribution** — $350–$549 48.0%, $750 or more 17.4%, $550–$749 16.7%, $200–$349 9.9%, Under $200 4.2%

**Monthly mortgage distribution** — $3,000 or more 48.5%, $1,800–$2,999 17.7%, Under $1,000 13.7%, $1,000–$1,799 12.5%

Interactive: https://censusatlas.au/region/sa2/207011147/balwyn/topic/housing-dwellings