Balaclava, VIC 3183
Compare Part of Port Phillip
6.79 km
Distance from Melbourne CBD
18 k
Population
Median Sale Price
House
-
Updated on Nov 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Nov 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $742,500 | 0.0% | $395,000 | $1,260,000 | 16 |
| 2010 | $880,000 | +15.6% | $620,000 | $1,489,500 | 15 |
| 2011 | $820,000 | -7.3% | $600,000 | $1,660,000 | 27 |
| 2012 | $758,000 | -8.2% | $415,000 | $1,590,000 | 18 |
| 2013 | $947,500 | +20.0% | $580,000 | $1,635,000 | 26 |
| 2014 | $1,050,000 | +9.8% | $685,000 | $1,475,000 | 13 |
| 2015 | $990,000 | -6.1% | $650,000 | $1,700,000 | 17 |
| 2016 | $1,111,000 | +10.9% | $818,000 | $2,700,000 | 13 |
| 2017 | $1,535,000 | +27.6% | $940,000 | $2,302,000 | 18 |
| 2018 | $1,160,000 | -32.3% | $875,000 | $1,550,000 | 18 |
| 2019 | $1,230,000 | +5.7% | $835,000 | $1,720,000 | 15 |
| 2020 | $1,380,000 | +10.9% | $1,111,950 | $2,085,000 | 17 |
| 2021 | $1,700,000 | +18.8% | $960,000 | $3,000,000 | 45 |
| 2022 | $1,500,000 | -13.3% | $400,000 | $2,755,000 | 51 |
| 2023 | $1,447,000 | -3.7% | $743,500 | $2,225,000 | 26 |
| 2024 | $1,375,000 | -5.2% | $949,000 | $1,960,000 | 36 |
| 2025 | - | - | - | - | - |
Median Sale Price
$1.38M
Based on 36 recorded sales within the last 12 months
Updated on 21 Jan 2025
Suburb Growth
-5.2%
Current Median Price: $1,375,000
Previous Median Price: $1,447,000
Based on 62 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2024)
Price Range Segments (12 months ending Dec 2024)
Median Weekly Rent Price
House
-
Updated on Nov 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Nov 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $630 | 0.0% | $400 | $795 | 8 |
| 2012 | $550 | -14.5% | $330 | $720 | 13 |
| 2013 | $550 | 0.0% | $280 | $1,195 | 19 |
| 2014 | $605 | +9.1% | $350 | $850 | 22 |
| 2015 | $550 | -10.0% | $370 | $975 | 25 |
| 2016 | $600 | +8.3% | $425 | $1,500 | 31 |
| 2017 | $600 | 0.0% | $350 | $1,600 | 36 |
| 2018 | $700 | +14.3% | $500 | $1,100 | 24 |
| 2019 | $750 | +6.7% | $355 | $1,750 | 28 |
| 2020 | $650 | -15.4% | $390 | $1,100 | 52 |
| 2021 | $690 | +5.8% | $350 | $1,741 | 45 |
| 2022 | $720 | +4.2% | $430 | $1,454 | 45 |
| 2023 | $800 | +10.0% | $375 | $1,495 | 50 |
| 2024 | $950 | +15.8% | $525 | $1,800 | 44 |
| 2025 | - | - | - | - | - |
Median Rent Price
$945
per week
Based on 42 recorded rent within the last 12 months
Updated on 21 Jan 2025
Rent Price Growth
+14.3%
Current Median Rent: $945
Previous Median Rent: $810
Based on 88 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.6%
Current Median Price: $1,375,000
Current Median rent: $945
Based on 78 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2024)
Auction Results For Balaclava
Houses sold in Last 12 months ends 18 Jan 2025
$1.38M
Median Sale Price
66%
Clearance Rate
17/26
Sold/Reported
$2.3M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 1 | |
| $1.8 M - $2 M | 1 | |
| $1.6 M - $1.8 M | 2 | |
| $1.4 M - $1.6 M | 1 | |
| $1.2 M - $1.4 M (Median Price Range) | 7 | |
| $1 M - $1.2 M | 1 | |
Similar Suburbs to Balaclava 3183
Based on median house sale price sold in last 12 months
Schools closest to Balaclava, VIC 3183
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Yeshivah and Beth Rivkah CollegesTop 50 | 92 HOTHAM STREETSt Kilda East 3183 | Combined | Independent | 0.44 km |
| St Kilda Primary School | 2B BRIGHTON ROADSt Kilda 3182 | Primary | Government | 0.55 km |
| Christian Brothers' College | St Kilda East 3183 | Secondary | Independent | 0.9 km |
| Mount Scopus Memorial College (Gandel-Besen House) | 15 MAYFIELD STSt Kilda East 3183 | Primary | Independent | 0.8 km |
| St Michael's Grammar SchoolTop 50 | 25 - 27 CHAPEL STREETSt Kilda 3182 | Combined | Independent | 1.1 km |
| St Mary's Primary School | NEW STDandenong 3175 | Primary | Catholic | 1.15 km |
| Caulfield Grammar SchoolTop 50 | 217 GLEN EIRA ROADSt Kilda East 3183 | Combined | Independent | 1.06 km |
| Ripponlea Primary School | 25 CARRINGTON GROVESt Kilda East 3183 | Primary | Government | 1.05 km |
| Stonnington Primary School | HORNBY STREETWindsor 3181 | Primary | Government | 1.31 km |
| Sholem Aleichem CollegeTop 10 | 11 SINCLAIR STElsternwick 3185 | Primary | Independent | 1.59 km |