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
$1.4mil
Annual price change
-5.9%
Metro Melbourne Comparison
$924k
-0.6%
| Bedrooms | Balaclava | Metro comparison |
|---|---|---|
| 2 | - | $890,000 |
| 3 | $1,350,000 | $815,000 |
| 4 | - | $950,000 |
| Insight | Balaclava | Metro comparison |
|---|---|---|
| Clearance rate | 82.4% | 79.5% |
| Days on market | 34 | 39 |
Rental data
Median weekly rent
$868
Rental yield
3.3%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Balaclava | Metro comparison |
|---|---|---|
| 2 | $745 | $580 |
| 3 | - | $550 |
| 4 | - | $600 |
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