BalaclavaVIC · suburb profile
VIC 3183 · Port Phillip
Daily life in Balaclava is characterized by a high level of work-from-home arrangements, with 43.6% of the population working remotely, compared to the Victorian average of 25.7%. Public transport usage is moderate at 11.1%, while only 24.2% drive to work, reflecting the suburb's urban setting and accessibility. The community has a strong professional presence, with 37.5% employed as professionals.
Sales · 12 months to August 2026
What property sold for in Balaclava
Units · 82 units sold in Balaclava at a median of $544,000, cheaper than 62% of the suburbs we cover.
Most sales sit between $451,000 and $651,000, with the median in the middle.
Houses
$1.30m
median of 21 sales
Too few sales to be reliable — treat as a rough guide
Half sold between $1.11m and $1.49m.
Last sold within the past month
Units
$544k
median of 82 sales
1.6% up on the previous twelve months.
Cheaper than 62% of the 162 suburbs we cover in Victoria.
Half sold between $451k and $651k.
Last sold within the past two weeks
Townhouses
$1.15m
median of 7 sales
Too few sales to be reliable — treat as a rough guide
Half sold between $1.11m and $1.26m.
Last sold within the past month
110 sales on record · data to 30 August 2026
Since 2022
How prices have moved
Units · Units peaked earlier in the period: $605,000 in 2022 against $544,000 today, 10.1% down.
- Houses
- Units
- Townhouses
Dashed lines and hollow points are part years — incomplete, so a dip may only mean fewer sales have happened yet. A break in a line is a year with no published figure, not a fall to zero.
| Year | Houses | Units | Townhouses |
|---|---|---|---|
| 2026 · part year | $1.49m | $546k | |
| 2025 · part year | $1.34m | $535k | $1.11m |
| 2024 | $1.38m | $568k | |
| 2023 | $1.50m | $580k | |
| 2022 | $1.53m | $605k |
Quarter by quarter
| Quarter | Median | Sales | Change |
|---|---|---|---|
| 2025 Q4 | $1.24m | 9 |
| Quarter | Median | Sales | Change |
|---|---|---|---|
| 2026 Q2 | $571k | 22 | +7.3%low confidence22 sales this quarter, 18 the quarter before. Under 30 either side, the movement is mostly which homes happened to sell rather than the market moving. |
| 2026 Q1 | $532k | 18 | -0.6%low confidence18 sales this quarter, 30 the quarter before. Under 30 either side, the movement is mostly which homes happened to sell rather than the market moving. |
| 2025 Q4 | $535k | 30 |
A change is marked low confidence where either quarter had fewer than 30 sales. The medians are real; with a handful of sales the movement between them is mostly which homes happened to change hands, not the market moving.
Last 12 months
What an extra bedroom costs in Balaclava
Houses
In Balaclava, over the last 12 months, a two-bedroom house has a median of $1.15 million from 11 sales, while a three-bedroom house has a median of $1.49 million from 7 sales.
| Bedrooms | Median | Sales |
|---|---|---|
| 2 | $1.15m | 11 · few |
| 3 | $1.49m | 7 · few |
Units
In Balaclava, over the last 12 months, a two-bedroom unit has a median of $575,000 from 53 sales, while a one-bedroom unit has a median of $390,000 from 23 sales.
| Bedrooms | Median | Sales |
|---|---|---|
| 1 | $390k | 23 · few |
| 2 | $575k | 53 |
| 3 | $828k | 6 · few |
Townhouses
In Balaclava, over the last 12 months, a three-bedroom townhouse has a median of $1.15 million from 5 sales.
| Bedrooms | Median | Sales |
|---|---|---|
| 3 | $1.15m | 5 · few |
Counts with fewer than five sales are left out rather than estimated, and bigger does not always mean dearer — a bedroom count with few sales can be pulled either way by the particular homes that happened to change hands.
The read
What living here is actually like
Balaclava, VIC, is a suburb with a population of 5,390 and a median age of 35, slightly younger than the Victorian average of 38. The gender distribution is fairly balanced, with 49.6% male and 50.4% female. The suburb has a significant proportion of young children, with 4.8% aged 0-4 years and 4.1% aged 5-9 years. Families in Balaclava are diverse, with 49.8% being couples without children and 34.9% couples with children. Single-person households make up 39.7% of the suburb, indicating a high level of individual living.
Buyer fit
Who this suburb suits
One score per buyer type, out of 100, built from the demographic, housing and commute profile. Strongest first.
Buyer-fit score
Balaclava · 0–100
Show data table
| Buyer type | Score |
|---|---|
| Professionals | 85 |
| Investors | 75 |
| Families | 65 |
| First home buyers | 60 |
| Retirees | 55 |
Why professionals score highest
The signals doing the work
- 37.5% employed as professionals
- High work-from-home percentage at 43.6%
- Above average income levels
- Proximity to cafes and restaurants (4.9% employment)
Against the state
How Balaclava differs from Victoria
Every bar is this suburb. The vertical tick is the Victorian figure — the gap between them is the story.
Housing & movement
What’s built here, and how people leave in the morning
Dwelling mix
Share of occupied private dwellings
Show data table
| Dwelling type | Share |
|---|---|
| Apartments | 60.8% |
| Separate houses | 17.2% |
| Townhouses | 21.2% |
How people get to work
Method of travel, 2021 Census
Show data table
| Method | Share |
|---|---|
| Worked from home | 43.6% |
| Drove a car | 24.2% |
| Public transport | 11.1% |
| Walked only | 3.9% |
Costs 2021 Census
Census figures, collected in 2021. Rents and repayments have moved since — for what property is selling for now, see .
Top occupations
Share of the employed workforce
Key highlights
- Highly educated population - 48.9% hold bachelor degrees or higher (vs VIC 29.2%)
- Above average median personal weekly income of $1,172 (vs VIC $1,759 household)
- Significant work-from-home culture - 43.6% (vs VIC 25.7%)
- Renter-heavy housing market - 48.3% rented (vs VIC 28.5%)
- Diverse cultural background with 60.3% born in Australia
Things to be aware of
- High proportion of apartments - 60.8% (vs VIC 73.4% separate houses)
- Higher median monthly mortgage of $2,223
- Significant mental health conditions reported at 11.0%
- Limited car usage for commuting - 24.2%
- Single-person households are 39.7%, which may affect community dynamics
Coming soon to this page
Where the richer profile lands
Schools & catchments
Zoned primary and secondary, NAPLAN bands, distances.
Transport & access
Stations, tram routes, drive time to the CBD, walkability.
Development activity
Permits approved, projects underway, zoning changes.
Want to dig into one address in Balaclava?
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Demographic figures from the Census of Population and Housing © Australian Bureau of Statistics, used under Creative Commons Attribution.
Cadastral and boundary data contains information © State of Victoria (Vicmap), licensed under CC BY 4.0.
Narrative summaries are AI-generated from the underlying data and may contain errors.
Base map © Mapbox © OpenStreetMap. Improve this map at openstreetmap.org/fixthemap.
Informational only — not financial, legal or planning advice. Verify zoning, overlays and catchments with the relevant council before relying on them. Data vintage: 2021 Census.