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
$1.5mil
Annual price change
8.4%
Metro Melbourne Comparison
$953k
5.1%
| Bedrooms | Balaclava | Metro comparison |
|---|---|---|
| 2 | $1,187,500 | $950,000 |
| 3 | $1,557,000 | $872,000 |
| 4 | - | $990,000 |
| Insight | Balaclava | Metro comparison |
|---|---|---|
| Clearance rate | 89.5% | 68.8% |
| Days on market | 35 | 42 |
Rental data
Median weekly rent
$900
Rental yield
3.2%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | Balaclava | Metro comparison |
|---|---|---|
| 2 | - | $600 |
| 3 | $960 | $560 |
| 4 | - | $600 |
Find a REIV member
Real estate professionals in your area with the right skills, the best knowledge and proven expertise.