The size of Balaclava is approximately 2.4 square kilometres. It has 2 parks covering nearly 0.1% of total area. The population of Balaclava in 2011 was 417 people. By 2016 the population was 495 showing a population growth of 18.7% in the area during that time. The predominant age group in Balaclava is 40-49 years. Households in Balaclava are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Balaclava work in a trades occupation. In 2011, 76.3% of the homes in Balaclava were owner-occupied compared with 78% in 2016.
Balaclava has 298 properties. Over the last 5 years, Houses in Balaclava have seen a 59.17% increase in median value. As at 31 October 2024:
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