Market snapshot
Suburb insights for Balaclava3183
Change suburbBalaclava, nestled between St Kilda and Elwood, is a vibrant inner-city suburb reknown for its multicultural character and dynamic lifestyle. Carlisle Street offers an eclectic mix of cafés, bars, markets, and shops, serving a diverse community of families, students, and young professionals. With strong transport links and proximity to the beach, it combines convenience with an urban, bohemian atmosphere.
Sales data
Median sale price
$1.4mil
Annual price change
2.5%
Metro Melbourne Comparison
$992k
4.9%
| Bedrooms | Balaclava | Metro comparison |
|---|---|---|
| 2 | $1,162,500 | $950,000 |
| 3 | $1,577,500 | $863,000 |
| 4 | - | $980,500 |
| Insight | Balaclava | Metro comparison |
|---|---|---|
| Clearance rate | 86.7% | 74.9% |
| Days on market | 34 | 37 |
Rental data
Median weekly rent
$888
Rental yield
3.3%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Balaclava | Metro comparison |
|---|---|---|
| 2 | - | $595 |
| 3 | $930 | $550 |
| 4 | - | $595 |
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