5/55 Elm Grove

Balaclava VIC 3183

The size of Balaclava is approximately 0.8 square kilometres. It has 3 parks covering nearly 1.8% of total area. The population of Balaclava in 2011 was 5,382 people. By 2016 the population was 5,404 showing a population growth of 0.4% in the area during that time. The predominant age group in Balaclava is 30-39 years. Households in Balaclava are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Balaclava work in a professional occupation. In 2011, 42.8% of the homes in Balaclava were owner-occupied compared with 43.4% in 2016.

Balaclava has 3,618 properties. Over the last 5 years, Houses in Balaclava have seen a 4.41% increase in median value, while Units have seen a -2.83% decrease. As at 30 November 2024:

• The median value for Houses in Balaclava is $1,460,961 while the median value for Units is $589,351.
• Houses have a median rent of $715 while Units have a median rent of $525.