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.
Recent sales and auction results in Balaclava
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 36A Gourlay St, Balaclava | 3 |  | Townhouse | Sold Before Auction | 11/03/2026 | McGrath | View |
| G02/19-25 The Avenue , Balaclava | 1 | | Apartment | Private Sale | 5/03/2026 | Gary Peer & Associates | |
| 2/3 Balston St, Balaclava | 1 | | Apartment | Private Sale | 4/03/2026 | McGrath |
Sales data
Median sale price
$1.2mil
Quarterly price change
-8.5%
Metro Melbourne Comparison
$974k
1.8%
| Bedrooms | Balaclava | Metro comparison |
|---|---|---|
| 2 | $1,150,000 | $940,000 |
| 3 | $1,565,000 | $851,000 |
| 4 | - | $970,000 |
| Insight | Balaclava | Metro comparison |
|---|---|---|
| Clearance rate | 90.5% | 77.8% |
| Days on market | 34.5 | 36 |
Rental data
Median weekly rent
$843
Rental yield
3.2%
Metro Melbourne Comparison
$580
3.2%
| Bedrooms | Balaclava | Metro comparison |
|---|---|---|
| 2 | $690 | $585 |
| 3 | - | $550 |
| 4 | - | $600 |
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