Balwyn
The median rent for a 2-bedroom unit in Balwyn is $588 a week for leases that started in the year to September 2025, up 6.9% on a year earlier. That is 7% above the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $2,538,000 for a house and $890,000 for a unit. A year of rent for that home is about 3.7% of its median sale price (gross rental yield).
Median rent in Balwyn
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $500 | +8.7% | 40 |
| 2-bedroom unit | $588 | +6.9% | 254 |
| 3-bedroom unit | $798 | +2.3% | 86 |
| 2-bedroom house | $570 | +3.6% | 21 |
| 3-bedroom house | $750 | +7.1% | 138 |
| 4-bedroom house | $1,000 | +2.0% | 187 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $2,538,000 | Mar 2026 quarter |
| Unit | $890,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Bentleigh $590 a week
- Clayton $590 a week
- Bulleen $595 a week
- Carnegie $595 a week
- Doncaster $595 a week
- Templestowe $595 a week