Popular suburbs for knockdown rebuilds in and around Balwyn North

Balwyn North’s central position places it near some of Melbourne’s most desirable suburbs, making it an excellent base for a knockdown rebuild. Many nearby areas share the same balance of established charm, modern amenities, and strong property value, all ideal for homeowners looking to upgrade their lifestyle without changing location. Explore popular suburbs where Carlisle Homes delivers tailored knockdown rebuild services, combining luxury design with a smooth building process.

Glen Waverley 

Glen Waverley is one of Melbourne’s busiest suburbs for knockdown rebuilds, with many original 1960s - 70s homes on 600 - 700m² blocks being replaced by architecturally designed family residences. The suburb saw 516 property sales in the past year, with a median price of $1700000.

Families pay a premium to live within the Glen Waverley Secondary College and Glendal Primary zones, while the “Golden Mile” precinct, areas around Capital Avenue and Kerrie Road, and proximity to The Glen shopping centre, remain especially popular. With 42642 residents, 25 schools, 21 childcare centres and strong rail connections, Glen Waverley continues to be one of Melbourne’s most desirable KDR destinations.

Mount Waverley

Mount Waverley shares many of Glen Waverley’s characteristics and offers its residents large blocks and a coveted school catchment area - perfect for new builds. Long-term residents have begun downsizing and selling, which new buyers often knock down for modern homes. The suburb recorded 480 sales in the past year, with a median sale price of $1647500.

Demand is especially high in the Mount Waverley Secondary College catchment, where outdated mid-century homes are being replaced by luxury two-storey designs. With a population of 35340, 25 schools, 14 childcare centres and 41 green spaces, Mount Waverley is ideal for families who want luxury living with excellent connectivity to Melbourne’s CBD.

Caulfield South

Caulfield South blends prestige and practicality for its 12,000 residents, offering excellent transport links and 6 nearby schools. With an average block size around 550 sqm and a median rent of $850 per week, it’s increasingly popular for knockdown rebuilds that pair classic façades with modern interiors. Carlisle Homes guides homeowners through every stage, from demolition to design, delivering luxury, functional homes that honour Caulfield South’s elegant suburban character and long-term value.

Malvern

Malvern’s 18,000 residents enjoy tree-lined streets, elite schools, and heritage charm. The suburb’s median rent of $1,050 per week and 9 percent parkland make it one of Melbourne’s most desirable places to rebuild. Carlisle Homes transforms outdated Federation and Edwardian homes into refined, light-filled residences designed for today’s families. With 7 schools, 5 child-care centres, and 11 parks nearby, Malvern provides the perfect environment for a high-end knockdown rebuild that blends heritage with innovation.

Wantirna South

Wantirna South is experiencing steady knockdown rebuild demand as its 1970s brick veneer homes age and no longer meet modern living standards. Many real estate listings are now marketed as knockdown opportunities, particularly around The Knox School, Wantirna College and Templeton Primary, as school catchment zones become even more strict. The suburb recorded 228 sales in the past year, with a median sale price of $1236000. 

Home to 20754 residents, 19 schools and 47 parks, Wantirna South combines affordability with convenience, thanks to Westfield Knox, easy EastLink access and family-friendly court locations.

Bentleigh East 

Bentleigh East has established itself as a redevelopment hub, where 1950s - 60s weatherboard and brick homes are being replaced by contemporary family residences. With 313 property sales in the past year and a median price of $1465000, demand continues to remain strong, particularly in the McKinnon Secondary College zone.

The suburb is home to 30159 residents and supported by 15 schools, 16 childcare centres and 16 local reserves. Centre Road’s bustling shopping strip and GESAC (Glen Eira Sports and Aquatic Centre) make Bentleigh East especially appealing for families seeking lifestyle and amenity close to the city and adjacent coastal areas. 

Visit our Bankside display homes in Rowville, to discover some of our most popular homes for knocking down and rebuilding.