Balnarring, VIC 3926
Compare Part of Mornington Peninsula
63.88 km
Distance from Melbourne CBD
3 k
Population
Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $425,000 | 0.0% | $230,000 | $1,140,000 | 30 |
| 2010 | $580,000 | +26.7% | $271,000 | $2,250,000 | 43 |
| 2011 | $525,000 | -10.5% | $355,000 | $1,660,000 | 28 |
| 2012 | $560,000 | +6.3% | $370,000 | $3,800,000 | 56 |
| 2013 | $547,500 | -2.3% | $225,000 | $1,850,000 | 71 |
| 2014 | $555,000 | +1.4% | $305,000 | $1,301,500 | 58 |
| 2015 | $650,000 | +14.6% | $390,000 | $2,567,000 | 34 |
| 2016 | $710,000 | +8.5% | $495,000 | $2,676,050 | 46 |
| 2017 | $815,000 | +12.9% | $550,000 | $2,375,000 | 51 |
| 2018 | $811,000 | -0.5% | $650,000 | $3,354,000 | 36 |
| 2019 | $895,000 | +9.4% | $670,000 | $6,250,000 | 32 |
| 2020 | $1,000,000 | +10.5% | $645,000 | $1,876,000 | 32 |
| 2021 | $1,275,000 | +21.6% | $520,000 | $4,118,000 | 49 |
| 2022 | $1,375,000 | +7.3% | $1,050,000 | $3,500,000 | 35 |
| 2023 | $1,260,000 | -9.1% | $825,000 | $3,350,000 | 31 |
| 2024 | $1,310,000 | +3.8% | $950,000 | $1,982,500 | 19 |
Median Sale Price
$1.31M
Based on 40 recorded sales within the last 12 months
Updated on 20 Apr 2024
Suburb Growth
-1.1%
Current Median Price: $1,310,000
Previous Median Price: $1,325,000
Based on 75 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $320 | 0.0% | $275 | $450 | 16 |
| 2012 | $390 | +17.9% | $310 | $700 | 14 |
| 2013 | $370 | -5.4% | $220 | $450 | 17 |
| 2014 | $425 | +12.9% | $350 | $460 | 6 |
| 2015 | $385 | -10.4% | $300 | $1,450 | 19 |
| 2016 | $440 | +12.5% | $310 | $1,500 | 22 |
| 2017 | $500 | +12.0% | $395 | $1,250 | 15 |
| 2018 | $595 | +16.0% | $380 | $2,260 | 17 |
| 2019 | $530 | -12.3% | $420 | $2,716 | 17 |
| 2020 | $550 | +3.6% | $420 | $850 | 14 |
| 2021 | $590 | +6.8% | $375 | $590 | 2 |
| 2022 | $695 | +15.1% | $425 | $1,450 | 23 |
| 2023 | $790 | +12.0% | $500 | $1,900 | 14 |
| 2024 | $750 | -5.3% | $700 | $1,000 | 3 |
Median Rent Price
$800
per week
Based on 13 recorded rent within the last 12 months
Updated on 20 Apr 2024
Rent Price Growth
+15.6%
Current Median Rent: $800
Previous Median Rent: $675
Based on 34 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.2%
Current Median Price: $1,310,000
Current Median rent: $800
Based on 53 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Balnarring
Houses sold in Last 12 months ends 13 Apr 2024
$0M
Median Sale Price
100%
Clearance Rate
2/2
Sold/Reported
$0M
Highest Sale Price
Schools closest to Balnarring, VIC 3926
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Balnarring Primary School | 1 CIVIC COURTBalnarring 3926 | Primary | Government | 0.14 km |