The size of Balala is approximately 357.2 square kilometres. The population of Balala in 2016 was 144 people. By 2021 the population was 122 showing a population decline of 15.3% in the area during that time. The predominant age group in Balala is 60-69 years. Households in Balala are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Balala work in a managers occupation.In 2021, 80.40% of the homes in Balala were owner-occupied compared with 91.30% in 2016.
Balala has 111 properties. Over the last 5 years, Houses in Balala have seen a 75.66% increase in median value. As at 31 October 2025:
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