6/23 Gourlay Street

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 2016 was 5396 people. By 2021 the population was 5392 showing a population decline of 0.1% 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 2021, 49.00% of the homes in Balaclava were owner-occupied compared with 43.40% in 2016.

Balaclava has 3,674 properties. Over the last 5 years, Houses in Balaclava have seen a 2.69% increase in median value, while Units have seen a -1.15% decrease. As at 30 April 2026:

• The median value for Houses in Balaclava is $1,498,344 while the median value for Units is $610,464.
• Houses have a median rent of $975 while Units have a median rent of $550.