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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 $1,275,000 and this has changed -10.53% over the past year and changed -10.53% over 2 years.

The median rent in Balaclava for houses is $890 per week and the median rental yield is 3.62%. Stock on the market for houses/townhouses has changed -11.76% compared to last year and the average time to sell a house/townhouse is 40 days.The median listing price for units is $525,000 and this has changed -2.78% over the past year. The average unit takes 53 days to sell and the median rent for a unit in Balaclava is $525 per week, producing a rental yield of 5.20%.

Supply & Demand in Balaclava, Port Phillip

1.47%

Current vacancy rate


47

Rental stock available


5,394

Population


44.72%

Rental population


1.61%

Current vacancy rate


855

Rental stock available


100,866

Population


43.19%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Balaclava, Port Phillip

  House Townhouses Units
Median listing price $1,275,000 $1,050,000 $525,000
Median price change - last quarter -7.11% 0.00% -4.55%
Median price change - 1 year -10.53% 12.90% -2.78%
Median price change - 2 years -10.53% NA 2.94%
  House Townhouses Units
Median weekly rent $890 $890 $525
Median yield % 3.62% 4.40% 5.20%
Median rent change - 1 year 4.09% -9.19% 6.06%
  House Units
Previous month sales 5 8
Stock on market previous month 15 26
Stock variance vs. last year -11.76% 4.00%
Average days on market 40 53

Balaclava investment property listings

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