Balwyn North
Statistical Area - sa2

An assessment of population growth drivers in Balwyn North reveals an overall ranking slightly below national averages considering recent, and medium term trends

As of November 2025, Balwyn North's population is approximately 22,362. This figure represents a growth of 1,239 individuals since the 2021 Census, which recorded a population of 21,123. The increase was inferred from the estimated resident population of 22,325 in June 2024 and an additional 82 validated new addresses post-Census. This results in a population density ratio of 2,526 persons per square kilometer, placing Balwyn North in the upper quartile nationally according to AreaSearch's assessments. Over the past decade, Balwyn North exhibited a compound annual growth rate of 0.5%, outperforming its SA3 area. Overseas migration was the primary driver of population growth during this period.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022, and VIC State Government's Regional/LGA projections from 2023 adjusted using weighted aggregation methods for areas not covered by ABS data. Growth rates by age group are applied across all areas until 2041. Future population growth is expected to be in the lower quartile nationally, with Balwyn North projected to grow by 969 persons by 2041 based on current trends, indicating a total increase of 4.2% over those 17 years.

Recent residential development output has been above average within Balwyn North when compared nationally

Balwyn North recorded approximately 124 residential properties granted approval annually. Between FY-21 and FY-25621 homes were approved, with an additional 48 approved in FY-26 to date. Over the past five financial years, an average of 0.6 new residents per year per dwelling constructed was observed.

This suggests that new supply is meeting or exceeding demand, providing ample buyer choice and capacity for population growth beyond current forecasts. The average construction value of new properties is $1,020,000, indicating a focus on the premium market with high-end developments. In FY-26, $7.0 million in commercial approvals have been registered, suggesting limited commercial development focus compared to residential development.

Balwyn North's development levels are similar to Greater Melbourne per capita, maintaining market balance consistent with the broader area. Recent construction comprises 71.0% detached dwellings and 29.0% medium and high-density housing, preserving the area's traditional suburban character with a focus on family homes. The location has approximately 165 people per dwelling approval, indicating a low density market. Population forecasts project Balwyn North to gain 932 residents by 2041. With current construction levels, housing supply should adequately meet demand, creating favorable conditions for buyers while potentially enabling growth that exceeds current forecasts.

Balwyn North has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 11 projects that may impact this region. Notable projects include North Balwyn Village Upgrade, 2 Sylvander Street Townhouses, 337 Doncaster Road Townhouses, and Verdure Balwyn North. The following list details those most relevant:.

Professional plan users can use the search below to filter and access additional projects.

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AreaSearch analysis places Balwyn North well above average for employment performance across multiple indicators

Balwyn North has a highly educated workforce with professional services being strongly represented. The unemployment rate is 2.9%, lower than the national average.

Over the past year, employment grew by an estimated 3.2%. As of June 2025, there are 11,889 residents in work, with an unemployment rate of 1.7% below Greater Melbourne's rate of 4.6%. Workforce participation is lower than standard at 60.9%, compared to Greater Melbourne's 64.1%. The dominant employment sectors among residents include health care & social assistance, professional & technical services, and retail trade.

There is particular specialisation in professional & technical services, with an employment share of 1.4 times the regional level. However, construction is under-represented at 6.2% compared to Greater Melbourne's 9.7%. The area appears to offer limited local employment opportunities, as indicated by the count of Census working population versus resident population. Over the 12 months to June 2025, employment increased by 3.2%, while labour force increased by 3.1%, leaving unemployment broadly flat. In contrast, Greater Melbourne experienced employment growth of 3.5% and labour force growth of 4.0%, with a rise in unemployment rate by 0.5 percentage points. National employment forecasts from Jobs and Skills Australia suggest that Balwyn North's employment mix could grow by approximately 7.2% over five years and 14.6% over ten years, based on simple weighting extrapolations for illustrative purposes.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

Balwyn North's median income among taxpayers was $52,318 in financial year 2022. The average income stood at $93,672 during the same period. These figures are higher than Greater Melbourne's median and average incomes of $54,892 and $73,761 respectively. By September 2025, estimates suggest Balwyn North's median income will be approximately $58,680 and the average income around $105,063, based on a 12.16% growth in wages since financial year 2022. According to census data, household incomes rank at the 86th percentile with a weekly income of $2,350. Personal income ranks lower at the 60th percentile. The largest segment of residents earns $4000+ weekly, comprising 27.7% (6,194 residents), while in metropolitan Melbourne, the $1,500 - 2,999 bracket leads at 32.8%. Strong earnings are supported by 39.9% of households achieving high weekly earnings exceeding $3,000. Housing accounts for 14.8% of income. Residents rank within the 86th percentile for disposable income. The area's SEIFA income ranking places it in the 9th decile.

Balwyn North is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

The dwelling structure in Balwyn North, as recorded at the latest Census, consisted of 83.3% houses and 16.8% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Melbourne metro's 55.5% houses and 44.5% other dwellings. Home ownership in Balwyn North was at 47.0%, with mortgaged dwellings at 33.1% and rented ones at 19.9%. The median monthly mortgage repayment in the area was $3,102, higher than Melbourne metro's average of $3,000. The median weekly rent figure for Balwyn North was $554, compared to Melbourne metro's $451. Nationally, Balwyn North's median monthly mortgage repayments were significantly higher at $3,102 versus Australia's average of $1,863. Similarly, rents in Balwyn North were substantially above the national figure of $375.

Balwyn North features high concentrations of family households, with a higher-than-average median household size

Family households constitute 81.4% of all households, including 47.7% couples with children, 21.3% couples without children, and 11.6% single parent families. Non-family households account for 18.6%, with lone person households at 16.8% and group households comprising 1.8%. The median household size is 2.9 people, larger than the Greater Melbourne average of 2.5.

Educational achievement in Balwyn North places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community

Educational attainment in Balwyn North is notably higher than national averages. 50.9% of residents aged 15 years and over hold university qualifications, compared to the Australian average of 30.4% and Victoria's 33.4%. Bachelor degrees are the most common at 32.8%, followed by postgraduate qualifications (13.8%) and graduate diplomas (4.3%). Vocational pathways account for 17.3% of qualifications, with advanced diplomas at 9.7% and certificates at 7.6%.

Educational participation is high, with 34.0% of residents currently enrolled in formal education. This includes 11.7% in secondary education, 9.5% in primary education, and 8.5% pursuing tertiary education. Balwyn North has a robust network of 7 schools educating approximately 3,999 students. The area demonstrates significant socio-educational advantages with an ICSEA score of 1142. Education provision is balanced with 6 primary schools and 1 secondary school serving distinct age groups.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Balwyn North has 109 active public transport stops. These include a mix of light rail and bus services. There are 26 individual routes operating in total, providing 7,829 weekly passenger trips collectively.

Residents have good transport accessibility, with an average distance of 213 meters to the nearest stop. On average, there are 1,118 trips per day across all routes, equating to approximately 71 weekly trips per individual stop.

Balwyn North's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Health outcomes data shows exceptional results in Balwyn North, where common health conditions have a very low prevalence across all age groups. Approximately 68% of the total population of 15,250 has private health cover, compared to Greater Melbourne's 77.7%. Nationally, this figure stands at 55.3%.

The most prevalent medical conditions in Balwyn North are arthritis and asthma, affecting 5.6% and 5.5% of residents respectively. 77.8% of residents report being completely clear of medical ailments, compared to Greater Melbourne's 73.8%. In the area, 18.9% of residents are aged 65 and over (4,228 people). Health outcomes among seniors in Balwyn North align with those of the general population.

Balwyn North is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Balwyn North has a high level of cultural diversity, with 44.4% of its population born overseas and 48.9% speaking a language other than English at home. Christianity is the predominant religion in Balwyn North, making up 44.9% of people, while Buddhism is overrepresented at 6.0%, compared to Greater Melbourne's average of 3.5%. The top three ancestry groups are Chinese (25.9%), English (14.6%), and Australian (11.6%).

Notably, Greek (6.6%) and Italian (7.3%) are overrepresented in Balwyn North compared to regional averages of 3.4% and 4.8%, respectively.

Balwyn North hosts an older demographic, ranking in the top quartile nationwide

The median age in Balwyn North is 42 years, which is significantly higher than Greater Melbourne's average of 37 years and Australia's median age of 38 years. The 15-24 age group constitutes 17.3% of the population in Balwyn North, compared to Greater Melbourne. However, the 25-34 cohort makes up only 8.5%. According to post-2021 Census data, the 15-24 age group has increased from 15.8% to 17.3%, while the 45-54 cohort has decreased from 15.9% to 14.6% and the 5-14 group has dropped from 14.4% to 13.3%. By 2041, population forecasts indicate substantial demographic changes in Balwyn North. The 65-74 age group is expected to grow by 25%, reaching 2,581 people from 2,068. Notably, the combined 65+ age groups will account for 81% of total population growth, reflecting the area's aging demographic profile. In contrast, the 0-4 and 5-14 cohorts are expected to experience population declines.