City of Port Phillip
Balaclava Property Market
& Suburb Profile
MEDIAN PRICES IN BALACLAVA
Median house price
(all agencies, last 12 months)$1.4m*House price change
(all agencies, last 12 months)-4.68%Median unit price
(all agencies, last 12 months)$650k*Unit price change
(all agencies, last 12 months)+14.04%(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)
BALACLAVA price TRACKER
Balaclava sales overview
- Sold by Auction 69%
- Sold by Private Sale or Other Method 31%
- (Based on Sales Reported in the Last 12 Months)
Average days on market (houses)
(all agencies, 12 months)27Average days on market (units)
(all agencies, 12 months)27Auction clearance rate in Balaclava
(all agencies, last 12 months)73%Average held period in Balaclava
(proptrack)13 yearsBalaclava Investor Statistics
Median rental price for Houses
(all agencies, last 12 months)$978pwHouse rental price change
(all agencies, last 12 months)0.04%Median rental price for Units
(all agencies, last 12 months)$583pwUnit rental price change
(all agencies, last 12 months)0.07%Average rental yield for Houses
(all agencies, last 12 months)3.07%Average rental yield for Units
(all agencies, last 12 months)5.01%Balaclava total population size
(as at the last census)5,392Median household size in Balaclava
(as at the last census)2(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)
Balaclava property types
- Houses 19%
- Units 48%
- Other 33%
OCCUPANCY in Balaclava
- Owned 49%
- Rented 48%
- Other/Not Stated 3%
- Singles 40%
- Families 49%
- Other 11%
About Balaclava
Balaclava MARKET INSIGHTS
| Year | Sold | Median Sale Price (All Residential) | Sales Growth YoY |
|---|---|---|---|
| 2025 | 162 | $1,012,500 | -4.68% |
| 2024 | 148 | $990,000 | -9.51% |
| 2023 | 126 | $1,057,250 | -1.19% |
| 2022 | 152 | $1,096,688 | +2.01% |
| 2021 | 198 | $1,126,500 | +3.17% |
| Year | Leased | Median Rental Price (All Residential) | Rental Yield |
|---|---|---|---|
| 2025 | 310 | $781pw | 4.04% |
| 2024 | 320 | $755pw | 3.97% |
| 2023 | 327 | $703pw | 3.85% |
| 2022 | 492 | $644pw | 3.22% |
| 2021 | 524 | $555pw | 2.76% |
*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.
This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).
The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.