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Investment Property Balaclava, VIC, 3183

Suburb Snapshot

Balaclava is a suburb in the Port Phillip Region of Victoria. Balaclava has a population of 5,394 people and 44.72% of its occupants live in rental accommodation. The median listing price for houses is $1,250,000 and this has changed -7.41% over the past year and changed -10.72% over 2 years.

The median rent in Balaclava for houses is $900 per week and the median rental yield is 3.74%. Stock on the market for houses/townhouses has changed -12.50% compared to last year and the average time to sell a house/townhouse is 43 days.The median listing price for units is $540,000 and this has changed -0.92% over the past year. The average unit takes 56 days to sell and the median rent for a unit in Balaclava is $525 per week, producing a rental yield of 5.05%.

Supply & Demand in Balaclava, Port Phillip

1.47%

Current vacancy rate


47

Rental stock available


5,394

Population


44.72%

Rental population


1.64%

Current vacancy rate


874

Rental stock available


100,866

Population


43.19%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Balaclava, Port Phillip

  House Townhouses Units
Median listing price $1,250,000 $1,050,000 $540,000
Median price change - last quarter -7.11% 0.00% -4.55%
Median price change - 1 year -7.41% 12.90% -0.92%
Median price change - 2 years -10.72% NA 2.85%
  House Townhouses Units
Median weekly rent $900 $950 $525
Median yield % 3.74% 4.70% 5.05%
Median rent change - 1 year 2.85% -3.07% 6.06%
  House Units
Previous month sales 4 8
Stock on market previous month 14 28
Stock variance vs. last year -12.50% -3.45%
Average days on market 43 56

Balaclava investment property listings

Showing 1 of 1 investment properties found in Balaclava on realestateinvestar.com.au

303/48 Blenheim St, Balaclava

$0

property pic

Private Rooftop Penthouse with Sweeping 180° City Views

Set privately on the rooftop with no neighbouring apartments, this penthouse delivers a level of space, privacy and outlook that is rarely found. Surrounded by floor to ceiling glass, the living space captures uninterrupted 180 degree views stretching from St Kilda across to the city skyline and ...

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VIC 3183


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