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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


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 $1,250,000 $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

25 SYCAMORE GROVE, BALACLAVA

$1,495,000

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VIC 3183


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