Market snapshot

Suburb insights for Balaclava3183

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Located 7 km south-east of the CBD Balaclava is a small mixed-use suburb primarily of residential and commercial use. The Sandringham Railway line traverses the suburb while trams enter the major commercial centres of neighbouring Prahran and St Kilda. The neighbourhood is well served by the Balaclava shopping area in Carlisle Street and Balaclava station on the Sandringham rail line Balaclava is well served by public transport.

Recent sales and auction results in Balaclava

AddressBedroomsPriceTypeMethodSale DateAgentListing
4/21 Carlisle Av, Balaclava2PriceUnitPrivate Sale12/06/2025Buxton (Port Phillip) Pty LtdView
28/99 Hotham St, Balaclava2PriceTownhousePrivate Sale5/07/2025Marshall White

Sales data

Median sale price
$1.4mil
Annual price change
-5.9%
Metro Melbourne Comparison
$924k
-0.6%
BedroomsBalaclavaMetro comparison
2-$890,000
3$1,350,000$815,000
4-$950,000
InsightBalaclavaMetro comparison
Clearance rate82.4%79.5%
Days on market3439

Rental data

Median weekly rent
$868
Rental yield
3.3%
Metro Melbourne Comparison
$580
3.3%
BedroomsBalaclavaMetro comparison
2$745$580
3-$550
4-$600
Median data for the current quarter
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