Market snapshot
Suburb insights for Balaclava3183
Change suburbLocated 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
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 20/38 Brighton Rd, Balaclava |  | Apartment | Private Sale | 19/03/2025 | McGrath | View | |
| 5A Nelson St, Balaclava | 4 |  | Townhouse (Res) | Passed in Vendor Bid | 28/03/2025 | McGrath - 0 | View |
| 12/44 The Avenue , Balaclava | | Apartment | Private Sale | 19/03/2025 | McGrath | View |
Sales data
Median sale price
$1.4mil
Annual price change
-6.5%
Metro Melbourne Comparison
$923k
-2%
| Bedrooms | Balaclava | Metro comparison |
|---|---|---|
| 2 | $1,252,500 | $881,200 |
| 3 | $1,442,500 | $810,000 |
| 4 | - | $942,350 |
| Insight | Balaclava | Metro comparison |
|---|---|---|
| Clearance rate | 66.7% | 78.5% |
| Days on market | 34 | 42 |
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.