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.
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 |
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 |
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.
unit 12, 5b the avenue, balaclava, vic, 3183 | 2 | 1 | 1 | $580,000 - $620,000 | |
unit 3, 88 grosvenor st, balaclava, vic, 3183 | 1 | 1 | 1 | $305,000 - $330,000 | |
unit 2, 81 hotham st, balaclava, vic, 3183 | 2 | 1 | 1 | $675,000 | |
unit g01, 78 westbury st, balaclava, vic, 3183 | 1 | 1 | 1 | Private Sale $385,000 | |
unit g04, 356 carlisle st, balaclava, vic, 3183 | 1 | 1 | 1 | $430,000 - $460,000 | |
unit 1, 30 blenheim st, balaclava, vic, 3183 | 2 | 1 | 1 | Private Sale $730,000 | |
unit 18, 54 balston st, balaclava, vic, 3183 | 1 | 1 | 1 | $300,000 - $330,000 | |
unit 1, 141 hotham st, balaclava, vic, 3183 | 16 | 8 | 5 | $3,750,0000 |
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)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.5 | 16.4 | 27.0 | 42.8 | 86.8 | 2.9 | 23.8 |
Feb | 1.0 | 15.9 | 25.8 | 44.4 | 86.5 | 2.7 | 20.3 |
Mar | 1.1 | 14.5 | 24.1 | 45.4 | 88.1 | 2.5 | 15.6 |
Apr | 2.0 | 12.1 | 20.8 | 48.0 | 90.9 | 2.4 | 10.6 |
May | 1.6 | 10.0 | 17.7 | 52.3 | 89.4 | 2.9 | 7.8 |
Jun | 1.3 | 7.7 | 15.0 | 59.8 | 93.7 | 2.5 | 6.9 |
Jul | 1.3 | 7.8 | 14.4 | 56.9 | 89.5 | 3.3 | 7.4 |
Aug | 1.6 | 7.8 | 15.1 | 51.2 | 89.3 | 3.0 | 10.0 |
Sept | 1.4 | 9.3 | 17.7 | 46.1 | 88.9 | 3.1 | 14.0 |
Oct | 1.4 | 11.1 | 21.1 | 42.8 | 89.3 | 3.2 | 18.3 |
Nov | 1.8 | 12.5 | 22.4 | 43.4 | 88.6 | 2.9 | 20.8 |
Dec | 2.0 | 14.6 | 24.8 | 43.5 | 88.6 | 2.8 | 24.0 |
source: Australian Government Bureau of Meteorology
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!