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 |
|---|---|---|---|---|---|---|---|
| 1/16 The Avenue , Balaclava | 1 |  | Apartment | Private Sale | 17/12/2025 | McGrath | View |
| 104/356 Carlisle St, Balaclava | 1 |  | Apartment | Private Sale | 6/12/2025 | Belle Property St Kilda | View |
Sales data
Median sale price
$1.6mil
Quarterly price change
18.2%
Metro Melbourne Comparison
$955k
2.7%
| Bedrooms | Balaclava | Metro comparison |
|---|---|---|
| 2 | $1,057,500 | $910,000 |
| 3 | $1,520,000 | $830,000 |
| 4 | - | $951,500 |
| Insight | Balaclava | Metro comparison |
|---|---|---|
| Clearance rate | 100% | 81.4% |
| Days on market | 32.5 | 36 |
Rental data
Median weekly rent
$840
Rental yield
3.2%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Balaclava | Metro comparison |
|---|---|---|
| 2 | $723 | $580 |
| 3 | - | $550 |
| 4 | - | $600 |
Find a REIV member
Real estate professionals in your area with the right skills, the best knowledge and proven expertise.