Balaclava, VIC 3183
Balaclava property market
Most of Balaclava's recent activity is unit rentals, with 282 leases (down 5.7%) at $575 a week (up 3.6%) as of July 2026, renting out in about 18 days (down from 20 days last year), more sought-after than most unit rental markets in Victoria, with more than half being 2-bedroom.
Unit sales are the next-biggest market, with 137 sales (up 15.1%) at around $562.5k (down 2.3%), taking about 24 days to sell (down from 25 days last year), more sought-after than most unit markets in Victoria, with more than half being 2-bedroom. Then come 55 house rentals at $905 a week. 46 house sales at around $1.472M (one of Victoria's strongest house price gains).
Who lives hereAn above-average-income, renter-heavy, young-professional suburb — apartment-dominated and newcomer-heavy, with great public transport.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Balaclava demographics & population
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Unlock the full report
Detailed, institutional-grade analysis — well beyond the usual suburb snapshot.
InsideWho lives here · What homes cost to buy & rent · How fast homes are selling · How much is for sale or rent · How it compares to nearby suburbs · Schools nearby
This report
- The complete Balaclava report
- 30 days of live access
- Download as a PDF
- Months of supply needs the add-on
Full access
- Unlimited suburb reports
- Near real-time + 5-year data
- 50+ dual-metric map views
- Demand cycle + market velocity
Already a member? Sign in
Who lives in Balaclava?
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Share of all residents by 5-year band · hover a band for the count + split
A strongly multicultural community with deep migrant heritage.
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Housing & affordability in Balaclava
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Income & employment in Balaclava
Incomes, employment, and the occupation mix of the people who live here.
A typical household earns about 1.7× the typical individual here.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Getting around Balaclava
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
Schools in and around Balaclava
No school inside Balaclava itself — the closest options around it are shown. Families can choose from 111 primary schools in Balaclava and its surrounds, and 64 high schools covering the secondary years. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
- Nearby · within 5 km · 150Order by
- 1Melbourne High SchoolGovernment · Secondary · Co-ed · Years 9-12 · South Yarra · 3.5 kmState RankTop 1%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 2MacRobertson Girls High SchoolGovernment · Secondary · Co-ed · Years 9-12 · Melbourne · 3.5 kmState RankTop 1%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 3South Melbourne Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Southbank · 3.5 kmState RankTop 1%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 4Kilvington Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · Ormond · 3.5 kmState RankP Top 1%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 5Yesodei HaTorah CollegeIndependent · Combined · Co-ed · Years Prep-12 · Elwood · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 6Caulfield Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · St Kilda East · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 7St Michael's Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · St Kilda · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 8Wesley CollegeIndependent · Combined · Co-ed · Years Prep-12 · Melbourne · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 9Loreto Mandeville HallCatholic · Combined · Co-ed · Years Prep-12 · Toorak · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 10Lauriston Girls' SchoolIndependent · Combined · Co-ed · Years Prep-12 · Armadale · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 11Firbank Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · Brighton · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 12Melbourne Girls GrammarIndependent · Combined · Co-ed · Years Prep-12 · South Yarra · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 13Glen Eira CollegeGovernment · Secondary · Co-ed · Years 7-12 · Caulfield East · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 14St Catherine's SchoolIndependent · Combined · Co-ed · Years Prep-12 · Toorak · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 15Melbourne Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · Melbourne · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 16Brighton Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · Brighton · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 17St Kevin's CollegeCatholic · Combined · Co-ed · Years Prep-12 · Toorak · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 18Albert Park CollegeGovernment · Secondary · Co-ed · Years 7-12 · Albert Park · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 19Sacre CoeurCatholic · Combined · Co-ed · Years Prep-12 · Glen Iris · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 20Scotch CollegeIndependent · Combined · Co-ed · Years Prep-12 · Hawthorn · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 21Bialik CollegeIndependent · Combined · Co-ed · Years Prep-12 · Hawthorn · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 22Korowa Anglican Girls' SchoolIndependent · Combined · Co-ed · Years Prep-12 · Glen Iris · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 23Victorian College Of The Arts Secondary SchoolGovernment · Secondary · Co-ed · Years 7-12 · Southbank · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 24Auburn High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Hawthorn East · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 25Melbourne Girls CollegeGovernment · Secondary · Co-ed · Years 7-12 · Richmond · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 26St Leonard's CollegeIndependent · Combined · Co-ed · Years Prep-12 · Brighton East · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 27Mckinnon Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Mckinnon · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 28Xavier CollegeCatholic · Combined · Co-ed · Years Prep-12 · Kew · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 29Methodist Ladies' CollegeIndependent · Combined · Years Prep-12 · Kew · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 30Trinity Grammar School KewIndependent · Combined · Co-ed · Years Prep-12 · Kew · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 31Ruyton Girls' SchoolIndependent · Combined · Years Prep-12 · Kew · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 32Carey Baptist Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · Kew · 3.5 kmState RankP Top 50%S Top 50%EnglishP ★★★★★★★★★★S ★★★★★★★★★★MathsP ★★★★★★★★★★S ★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 33Cheder Levi Yitzchok IncIndependent · Combined · Co-ed · Years Prep-10 · St Kilda · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 34Sholem Aleichem CollegeIndependent · Primary · Co-ed · Years Prep-6 · Elsternwick · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 35St Joseph's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Elsternwick · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 36The King David SchoolIndependent · Combined · Co-ed · Years Prep-12 · Armadale · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 37Caulfield Junior CollegeGovernment · Primary · Co-ed · Years Prep-6 · Caulfield North · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 38Caulfield Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Caulfield South · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 39South Yarra Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · South Yarra · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 40Melbourne Montessori CollegeIndependent · Combined · Co-ed · Years Prep-12 · Caulfield South · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 41St Joseph's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Malvern · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 42Christ Church Grammar SchoolIndependent · Primary · Co-ed · Years Prep-6 · South Yarra · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 43Malvern Central SchoolGovernment · Primary · Co-ed · Years Prep-6 · Malvern · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 44Brighton Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brighton · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 45Albert Park Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Albert Park · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 46Glen Huntly Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Glen Huntly · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 47Ormond Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Ormond · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 48St Joan of Arc SchoolCatholic · Primary · Co-ed · Years Prep-6 · Brighton · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 49Carnegie Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Carnegie · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 50Erasmus Primary SchoolIndependent · Primary · Co-ed · Years Prep-6 · Hawthorn · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 51Bentleigh West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Bentleigh · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 52Yarra Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Richmond · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 53Glen Iris Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Glen Iris · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 54Camberwell South Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Glen Iris · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 55St Cecilia's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Glen Iris · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 56Mckinnon Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Ormond · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 57Murrumbeena Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Murrumbeena · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 58Abbotsford Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Abbotsford · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 59Solway Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Ashburton · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 60Camberwell Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Camberwell · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 61Hampton Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Hampton · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 62Valkstone Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Bentleigh East · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 63St Michael's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Ashburton · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 64Ashburton Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Ashburton · 3.5 kmState RankTop 50%English★★★★★★★★★★Maths★★★★★★★★★★Students417Multilingual50%ICSEA Rank50th
- 65Yeshivah CollegeIndependent · Combined · Co-ed · Years Prep-12 · St Kilda East · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 66St Kilda Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · St Kilda · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 67Beth Rivkah Ladies CollegeIndependent · Combined · Co-ed · Years Prep-12 · St Kilda East · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 68Ripponlea Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · St Kilda East · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 69St Mary's College MelbourneCatholic · Secondary · Co-ed · Years 7-12 · St Kilda East · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 70St Mary's SchoolCatholic · Primary · Co-ed · Years Prep-6 · St Kilda East · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 71Elwood Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Elwood · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 72Windsor Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Windsor · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 73Elwood CollegeGovernment · Secondary · Co-ed · Years 7-12 · Elwood · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 74St Columba's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Elwood · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 75Adass Israel SchoolIndependent · Combined · Co-ed · Years Prep-12 · Elsternwick · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 76St Kilda Park Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · St Kilda · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 77Prahran High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Windsor · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 78Elsternwick Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brighton · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 79Our Lady of Lourdes SchoolCatholic · Primary · Co-ed · Years Prep-6 · Prahran · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 80Victorian College For The DeafGovernment · Special · Co-ed · Years U · Melbourne · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 81Leibler Yavneh CollegeIndependent · Combined · Co-ed · Years Prep-12 · Elsternwick · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 82Armadale Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Armadale · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 83Star of the Sea CollegeCatholic · Secondary · Co-ed · Years 7-12 · Brighton · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 84St James' SchoolCatholic · Primary · Co-ed · Years Prep-6 · Brighton · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 85Toorak Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Toorak · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 86Japanese School of MelbourneIndependent · Secondary · Co-ed · Years Prep-9 · Caulfield South · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 87Oakwood SchoolGovernment · Secondary · Co-ed · Years 7-12 · Caulfield North · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 88De La Salle CollegeCatholic · Combined · Co-ed · Years 6-12 · Malvern · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 89KamarukaIndependent · Special · Co-ed · Years 2-10 · South Yarra · 3.5 kmState Rank—English—Maths—Students417Multilingual1%ICSEA Rank50th
- 90Malvern Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Malvern East · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 91Centre for Higher Education StudiesGovernment · Secondary · Co-ed · Years 10-12 · South Yarra · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 92Middle Park Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Middle Park · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 93Caulfield South Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Caulfield South · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 94Gardenvale Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brighton East · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 95South Melbourne Park Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Albert Park · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 96Youth2Industry CollegeIndependent · Secondary · Co-ed · Years 11-12 · South Melbourne · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 97Richmond Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Richmond · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 98St Anthony's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Glen Huntly · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 99Divrei EminehIndependent · Combined · Co-ed · Years Prep-12 · Ormond · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 100St Mary's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Malvern East · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 101Galilee Regional Catholic Primary SchoolCatholic · Primary · Co-ed · Years Prep-6 · South Melbourne · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 102St Roch's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Glen Iris · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 103Alia CollegeIndependent · Secondary · Co-ed · Years 7-12 · Hawthorn East · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 104Lloyd Street Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Malvern East · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 105St Finbar's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Brighton East · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 106Melbourne Indigenous Transition SchoolIndependent · Special · Co-ed · Years 7-8 · Richmond · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 107Auburn South Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Hawthorn East · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 108Brighton Beach Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brighton · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 109The Currajong SchoolIndependent · Special · Co-ed · Years Prep-6 · Malvern East · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 110Brighton Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Brighton East · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 111Montague SchoolGovernment · Special · Co-ed · Years U · South Melbourne · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 112Richmond High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Richmond · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 113Port Phillip Specialist SchoolGovernment · Special · Co-ed · Years U · Port Melbourne · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 114Hawthorn West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Hawthorn · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 115St Joseph's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Hawthorn · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 116Rossbourne SchoolIndependent · Special · Co-ed · Years 7-12 · Hawthorn · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 117Bindjiroo Yaluk Community SchoolGovernment · Secondary · Co-ed · Years 7-12 · Richmond · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 118Trinity Catholic SchoolCatholic · Primary · Co-ed · Years Prep-6 · Richmond · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 119Glenferrie Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Hawthorn · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 120Richmond West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Richmond · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 121Swinburne Senior Secondary CollegeGovernment · Secondary · Co-ed · Years 11-12 · Hawthorn · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 122Port Melbourne Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Port Melbourne · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 123Port Melbourne Secondary CollegeGovernment · Secondary · Co-ed · Years 7-10 · Port Melbourne · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 124St Mary's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Hampton · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 125Collingwood English Language SchoolGovernment · Special · Co-ed · Years Prep-12 · Collingwood · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 126St Paul's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Bentleigh · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 127St Patrick's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Murrumbeena · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 128Ozford CollegeIndependent · Secondary · Co-ed · Years 10-12 · Melbourne · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 129SEDA College (Victoria)Independent · Secondary · Co-ed · Years 11-12 · Camberwell · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 130Our Lady of the Sacred Heart CollegeCatholic · Secondary · Co-ed · Years 7-12 · Bentleigh · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 131Hester Hornbrook AcademyIndependent · Special · Co-ed · Years 10-12 · Melbourne · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 132Auburn Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Hawthorn East · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 133Collingwood CollegeGovernment · Combined · Co-ed · Years Prep-12 · Collingwood · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 134Academy of Mary ImmaculateCatholic · Secondary · Co-ed · Years 7-12 · Fitzroy · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 135Sophia Mundi Steiner SchoolIndependent · Combined · Co-ed · Years Prep-12 · Abbotsford · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 136Malvern Valley Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Malvern East · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 137Sacred Heart SchoolCatholic · Primary · Co-ed · Years Prep-6 · Fitzroy · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 138St Joseph's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Collingwood · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 139Sacred Heart SchoolCatholic · Primary · Co-ed · Years Prep-6 · Kew · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 140Preshil, The Margaret Lyttle Memorial SchoolIndependent · Combined · Co-ed · Years Prep-12 · Kew · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 141Newmark PrimaryIndependent · Primary · Co-ed · Years Prep-6 · Williamstown · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 142Carlton Gardens Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Carlton · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 143Tombolo AcademyIndependent · Special · Co-ed · Years U · Hampton · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 144Docklands Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Docklands · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 145Fitzroy Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Fitzroy · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 146Kew Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Kew · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 147Simonds Catholic CollegeCatholic · Secondary · Co-ed · Years 7-12 · West Melbourne · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank50th
- 148Ignatius Learning CentreCatholic · Secondary · Co-ed · Years 11-12 · Richmond · 3.5 kmState Rank—English—Maths—Students417Multilingual50%ICSEA Rank—
- 149Victorian School Of LanguagesGovernment · Combined · Collingwood · 3.5 kmState Rank—English—Maths—Students—Multilingual—ICSEA Rank—
- 150Avenues EducationGovernment · Special · Moorabbin · 3.5 kmState Rank—English—Maths—Students—Multilingual—ICSEA Rank—
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
Turnover
How settled or transient the community is — and where newcomers came from.
Balaclava median house price & rent
Headline price, rent, yield and time on market for Balaclava — choose a property type and size below.
House & unit prices by bedroom
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Balaclava property growth
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
Houses
Units
Buying vs renting in Balaclava
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
How strong is demand, and which way is it heading?
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Sales market velocity
Balaclava against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Balaclava in blue, peers in colour.
How fast — and is it getting faster?
Housing supply & months of stock
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
Sales market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | SoldSold (last year)Total sold transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are sold each month in this segment, over the last 12 months. |
|---|---|---|---|---|---|---|
| Severe shortage | 1.1 | ▼ -0.8 | 2 | 26 | 2.2 | |
| Balanced | 2.7 | ▲ +1.6 | 6 | 26 | 2.2 | |
| Slightly loose | 3.4 | ▲ +1.0 | 7 | 26 | 2.2 | |
| Loose | 4.0 | ▼ -4.0 | 9 | 26 | 2.2 | |
| Loose | 5.3 | ▲ +3.3 | 11 | 26 | 2.2 | |
| Loose | 5.5 | ▲ +4.5 | 12 | 26 | 2.2 | |
| Loose | 5.6 | ▲ +4.1 | 12 | 26 | 2.2 | |
| Loose | 6.6 | ▲ +4.3 | 14 | 26 | 2.2 |
Rental market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | LeasedLeased (last year)Total leased transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are leased each month in this segment, over the last 12 months. |
|---|---|---|---|---|---|---|
| Tight | 0.4 | ▼ -1.5 | 2 | 54 | 4.5 | |
| Tight | 0.5 | ▼ -1.0 | 2 | 54 | 4.5 | |
| National typical | 0.7 | ▼ -1.3 | 3 | 54 | 4.5 | |
| Loose | 1.3 | ▼ -0.1 | 6 | 54 | 4.5 | |
| Loose | 1.5 | ▲ +0.3 | 7 | 54 | 4.5 | |
| Oversupply | 2.0 | ▲ +0.6 | 9 | 54 | 4.5 | |
| Oversupply | 2.1 | ▲ +0.7 | 9 | 54 | 4.5 | |
| Oversupply | 2.5 | ▲ +0.9 | 11 | 54 | 4.5 |
Who's transacting — buyers or tenants?
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Balaclava — Units & Houses, all bedrooms
Balaclava median house price & rent history
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Five-year summaryAs of Jun 2026, the median house sale price in Balaclava rose from $974k (Jul 2021) to $1.27M (Jun 2026) — +30.1% growth over five years — peaking at $1.39M between Oct 2021 and Sep 2022. Median house rent went from $489/wk to $558/wk (+14.1%) over the same period. For units, the median sale price fell from $556k to $380k (−31.7%), with rent up from $258/wk to $501/wk (+94.2%) over the same period.
Suburbs near Balaclava: prices compared
The nearest suburbs to Balaclava, ranked by distance — each lined up against Balaclava on the same measures, so the differences jump out at a glance.
Suburbs like Balaclava
Suburbs anywhere in VIC that behave like Balaclava — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)
Balaclava vs Ormond: the closest sales-market match trades at a median of $292k against Balaclava's $863k — about 66% lower, with homes selling in 21 days versus 18 days here.
Comparable sales markets to Balaclava: Ormond average house price, Moonee Ponds property market, St Kilda East, VIC property market, Windsor property prices and Caulfield North median house price.
Balaclava's closest rental-market twins: Ormond property prices, Moonee Ponds property growth, Windsor market trends, Caulfield North median house price and St Kilda East median house price. Each link opens that suburb's full market report.
Frequently asked · Balaclava
26 data-driven answers about Balaclava's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Balaclava?
#The median house price in Balaclava, VIC 3183 is $863k as of June 2026, based on 25 sales over the past 12 months. Houses there have moved +50.0% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
What is the median unit price in Balaclava?
#The median unit price in Balaclava, VIC 3183 is $863k as of June 2026, based on 25 sales over the past 12 months. Units have moved +0.5% year-on-year and currently trade at roughly 100% of the median house price.
How much does it cost to rent in Balaclava?
#The median weekly house rent in Balaclava is $546 as of June 2026, drawn from 59 leases over the past 12 months. Units rent for around $546 per week. House rents have moved +50.0% year-on-year. Current vacancy pressure is shown in the supply section above.
How much is rent for a 3 bedroom house in Balaclava?
#A 3 bedroom house in Balaclava rents for a median $546 per week as of June 2026, drawn from 59 leases over the past 12 months. Across other house sizes: 2-bedroom $546/week, 4-bedroom $546/week. Unit rents: 1-bedroom $546/week, 2-bedroom $546/week, 3-bedroom $546/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.
What is the gross rental yield in Balaclava?
#Gross rental yield in Balaclava is 3.45% for houses and 3.45% for units as of June 2026, compared with the VIC unit median of 3.31%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
How much is a 3 bedroom house in Balaclava?
#As of June 2026, Balaclava medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $863k | $863k | $863k | $863k |
| Units | $863k | $863k | $863k | — | $863k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
What does it cost to own versus rent at the Balaclava median?
#At the median Balaclava house ($863k purchase, $546/week rent), weekly mortgage repayments sit at roughly $829 — about $283 more per week than renting. That gap is the ownership premium. For the median unit ($863k purchase, $546/week rent), repayments run about $829 per week. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.
How the market is moving
Speed, supply, growth, cycle phaseWhat are Balaclava's property market trends?
#Balaclava's property market trends to June 2026: house prices rose +50.0% year-on-year and units +0.5%; weekly house rents moved +50.0%; homes now sell in a median 18 days — faster than a year ago by 9; sales supply sits at 5.3 months (very loose). Read together — price, rent, selling speed and supply — they show which way the Balaclava market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
What does the data say about Balaclava as an investment?
#As of June 2026 in Balaclava, house prices rose +50.0% over the year, gross rental yield is 3.45% against a VIC median of 2.90%, houses take a median 18 days to sell, sales supply is 5.3 months (very loose). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
How quickly do houses sell in Balaclava?
#Houses in Balaclava sell in a median 18 days on market as of June 2026, with units clearing slightly similarly at 18 days. Days on market have tightened by 9 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Is Balaclava a tight or loose property market right now?
#Balaclava's sales market sits at 5.3 months of supply for houses as of June 2026 — classified as Very Loose against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is tighter still at 0.4 months of supply.
Have property prices in Balaclava gone up or down?
#House prices in Balaclava moved +50.0% over the 12 months to June 2026, while units moved +0.5%. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
How active is the rental market in Balaclava?
#Balaclava's house rental market sits at 0.4 months of supply as of June 2026 — classified as Severe (extreme shortage), with 54 houses leased over the past 12 months. Units sit at 2.0 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
Where is Balaclava in its property market cycle?
#Balaclava's house market is currently in the 'in_demand_growing' phase as of June 2026 — combining above-median sales velocity nationally with year-on-year tightening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
How it compares
Vs state, vs nearby, vs popularHow does Balaclava compare to other VIC suburbs?
#Balaclava's median house price ($863k) is 72% above the VIC median ($502k) as of June 2026. On selling speed, houses clear in 18 days vs 22 days state median. On gross yield, Balaclava sits at 3.45% vs 2.90% state median.
How does Balaclava compare to neighbouring suburbs?
#Balaclava's most-similar nearby market is Highett (5.5 km away) with a median house price of $827k — about 4% cheaper. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
What's the most popular property type in Balaclava?
#The most-transacted segment in Balaclava over the 12 months to June 2026 is 2 bed houses with 26 sales. 3 bed houses come second at 26 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
How many properties were sold and leased in Balaclava last year?
#Balaclava recorded 26 house sales and 26 unit sales over the 12 months to June 2026 — a combined 52 transactions. On the rental side, 54 houses and 54 units were leased. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Balaclava in?
#Balaclava is in postcode 3183, in the Inner Melbourne region of VIC. Addresses there are written as Balaclava, VIC 3183.
What is the population of Balaclava?
#Balaclava, VIC 3183 is home to 2,981 residents (ABS Census 2021). The median resident age is 30, and the average household holds 1.0 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Balaclava?
#The median household in Balaclava earns $1k per week — roughly $74k a year (ABS Census 2021). Median personal income runs $849/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Balaclava?
#The unemployment rate in Balaclava is 50.0% (ABS Census 2021). That sits right around the median for Australian suburbs. The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.
Do people own or rent in Balaclava?
#Balaclava is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.
What schools are near Balaclava?
#Balaclava has 150 schools within reach — including Yeshivah College, St Kilda Primary School, Beth Rivkah Ladies College. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Is Balaclava a good place to live?
#Balaclava, VIC 3183 has a population of 2,981, a median age of 30, a median household income around $1k/week, 50% of households renting (ABS Census 2021). There are 150 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
About this data
Methodology and update cadenceWhen was this Balaclava market data last updated?
#This Balaclava market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.