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Balaclava
VIC, 3183 - Port Phillip

Thinking about buying in Balaclava? Now could not be a better time, with 4258 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,248,000 with prices in this suburb ranging from $269,000 to $8,067,000. Balaclava is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $417.41
Median Monthly Mortgage $2283.73
Median Persons Per Bedroom 0.97
Average Household Size 2.23
Average Age 33.91
Average Income $1152.27
Average Cars Per Dwelling 1.18
Average Properties Within 50M 60

Housing Stock

Average Property Prices

1 Bed  $681,000
2 Bed  $1,068,000
3 Bed  $2,019,000
4 Bed  $2,885,000
5 Bed  $2,974,000
6 Bed+$2,121,000

Balaclava Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Balaclava driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Balaclava ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Balaclava classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Balaclava necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Properties for sale Balaclava

Belle Property unit 12, 5b the avenue, balaclava, vic, 3183 Beds2 Bathrooms1 Parking 1 $580,000 - $620,000
Belle Property unit 3, 88 grosvenor st, balaclava, vic, 3183 Beds1 Bathrooms1 Parking 1 $305,000 - $330,000
Belle Property unit 2, 81 hotham st, balaclava, vic, 3183 Beds2 Bathrooms1 Parking 1 $675,000
Belle Property unit g01, 78 westbury st, balaclava, vic, 3183 Beds1 Bathrooms1 Parking 1 Private Sale $385,000
Belle Property unit g04, 356 carlisle st, balaclava, vic, 3183 Beds1 Bathrooms1 Parking 1 $430,000 - $460,000
Belle Property unit 1, 30 blenheim st, balaclava, vic, 3183 Beds2 Bathrooms1 Parking 1 Private Sale $730,000
Woodards unit 18, 54 balston st, balaclava, vic, 3183 Beds1 Bathrooms1 Parking 1 $300,000 - $330,000
Woodards unit 1, 141 hotham st, balaclava, vic, 3183 Beds16 Bathrooms8 Parking 5 $3,750,0000

Local Schools

Yeshivah College

Beth Rivkah Ladies College

St Kilda Primary School

Cheder Levi Yitzchok Inc

Yesodei HaTorah College

Ripponlea Primary School

Caulfield Grammar School

St Michael's Grammar School

Christian Brothers' College

Sholem Aleichem College

(While the above schools are located with the suburb of Balaclava there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Balaclava weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.516.427.042.886.82.923.8
Feb1.015.925.844.486.52.720.3
Mar1.114.524.145.488.12.515.6
Apr2.012.120.848.090.92.410.6
May1.610.017.752.389.42.97.8
Jun1.37.715.059.893.72.56.9
Jul1.37.814.456.989.53.37.4
Aug1.67.815.151.289.33.010.0
Sept1.49.317.746.188.93.114.0
Oct1.411.121.142.889.33.218.3
Nov1.812.522.443.488.62.920.8
Dec2.014.624.843.588.62.824.0

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

St Kilda EastRipponleaSt KildaElwoodWindsorElsternwickPrahranCaulfield NorthSt Kilda WestArmadale

Public Transport


General Points of Interest

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