Balaclava 3183
Market analysis for investment properties in Balaclava
Median Price
$1,350,000
Trend:Decelerating
-4.1%
Median Rent
$900/pw
Trend:Accelerating
+5.9%
Rental Yield
3.47%
Trend:Accelerating
+10.5%
Median DoM
17 Days
Trend:Decelerating
-34.6%
Market Analysis
Why investors are watching Balaclava right now.
Balaclava offers a vibrant retail scene with Carlisle Street being the main shopping strip housing a variety of boutique shops, cafes, and supermarkets. The popular "Cakes & Ale" bakery attracts locals and visitors alike with its artisan bread and pastries.
Families in Balaclava have access to reputable educational institutions including the primary school, St Kilda Park Primary School known for its strong community involvement, and the secondary school, Balaclava High School renowned for its academic excellence and diverse extracurricular activities.
Balaclava is well-connected to the Melbourne CBD via multiple transport options. The Balaclava Train Station, serviced by the Sandringham line, provides a direct route to the city center. Additionally, several bus routes such as the 246 and 623 offer convenient connections to key CBD areas.
Nature enthusiasts in Balaclava can appreciate the lush green spaces surrounding the suburb. The iconic St Kilda Botanical Gardens, known for its stunning rose garden and serene lake, provide a tranquil escape from urban hustle. Residents can also enjoy leisurely strolls or picnics in Alma Park, which boasts playgrounds and sports facilities for recreational activities.
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Capital Growth
Historical Performance
Analyze long-term value appreciation, rental yield fluctuations, and median price trajectories.
Market Vitals
Market Dynamics
Deep-dive into transaction velocity, rental pressure, and supply pipeline indicators.
Unlock Market Vitals
See live suburb and LGA market signals.
The Ripple Effect
Explore Nearby Opportunities
Investors analyzing Balaclava often compare these adjacent markets for better entry points or higher yields.
Strategy by LighthousePA
Where will Balaclava be in 2026?
Data provides the foundation, but strategy secures the wealth. If you're seeking clarity on Balaclava, let LighthousePA (Property Advisors) help you navigate the market and illuminate your next move.
- Wealth Planning
- Ownership Structuring
- Buyers Advocacy
- Property Negotiation
Investment Insights & FAQ
Frequently asked questions about the Balaclava property market in 2026.
As of March 2026, the Balaclava property market presents a stable investment landscape. Over the last 12 months, houses have seen an annual growth rate of -4.09% and units have grown by -1.87%. These figures reflect the evolving demand within Port Phillip, offering potential for long-term value preservation.
Based on the latest market snapshot, median property prices in Balaclava range from $1,350,000 for houses to $565,000 for units. These values are calculated based on recent transaction data and current buyer activity across the Port Phillip region.
For investors targeting cash flow, houses rent for $900 /pw with a 3.47% yield, while units rent for $560 /pw with a 5.15% yield. This rental performance is a key indicator of strong tenant demand within the Balaclava area.
Market Insights Last Updated: March 2026