Balaclava (VIC 3183): property prices & suburb profile
Port Phillip LGA · Latest published data October 2025 · Page updated August 2026 · Public government records
Balaclava property prices
The typical Balaclava house sold for around $1,402,000 in the year to 2025-Q4, +46.2% over 10 years and -2.0% over 5 years.
Change in medians published by the Victorian Valuer-General · rolling year to 2025-Q4 for recent horizons, yearly medians to 2024 further back
View as table
| Period | Houses (yearly + recent quarters) | Units (yearly + recent quarters) |
|---|---|---|
| 2013 | $860,500 | $479,000 |
| 2014 | $942,000 | $456,500 |
| 2015 | $1,100,000 | $492,000 |
| 2016 | $1,242,500 | $596,000 |
| 2017 | $1,385,500 | $576,500 |
| 2018 | $1,190,000 | $592,500 |
| 2019 | $1,405,000 | $651,000 |
| 2020 | $1,418,000 | $642,500 |
| 2021 | $1,550,000 | $661,500 |
| 2022 | $1,527,000 | $605,000 |
| 2023 | $1,500,000 | $580,000 |
| 2024 | $1,377,500 | $567,500 |
| Apr 2024 | $1,435,000 | $505,000 |
| July 2024 | $1,307,500 | $550,000 |
| Oct 2024 | $1,302,500 | $607,500 |
| 2025 | $1,450,000 | $530,000 |
| Apr 2025 | $1,205,000 | $580,000 |
| July 2025 | $1,580,000 | $567,500 |
| Oct 2025 | $1,267,500 | $600,000 |
- Medians are published by the Victorian Valuer-General per suburb; we do not have individual sale records for this state, so there is no street-level breakdown on this page (our New South Wales pages have one).
- The headline figure is a sales-weighted average of the last four quarterly medians, not a median of individual sales, because one quiet quarter in a single suburb can move a quarterly median by more than the market did. The chart below plots each quarter as published.
- The Victorian Valuer-General yearly file currently ends at 2024; newer points on the chart and the short-horizon changes come from the quarterly file.
- Change over time reflects what sold in each period, not the value of any one home: a run of large or small homes moves it.
- Periods with fewer than 5 recorded sales are excluded.
Balaclava medians by quarter
The most recent quarter on record for Balaclava is 2025-Q4.
| 2025-Q4 | Unit | $600k | 39 |
| 2025-Q4 | House | $1.27M | 10 |
| 2025-Q3 | Unit | $568k | 24 |
| 2025-Q3 | House | $1.58M | 14 |
| 2025-Q2 | Unit | $580k | 40 |
| 2025-Q2 | House | $1.21M | 7 |
| 2025-Q1 | Unit | $530k | 28 |
| 2025-Q1 | House | $1.45M | 5 |
| 2024-Q4 | Unit | $608k | 32 |
| 2024-Q4 | House | $1.30M | 11 |
| 2024-Q3 | Unit | $550k | 25 |
| 2024-Q3 | House | $1.31M | — |
- Sale counts are shown so you can judge how solid each median is.
Who lives in Balaclava
Balaclava has a median age of 35 and a median household income of $2,026 a week.
- Figures labelled Balaclava are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "St Kilda East" and postcode 3183 both extend beyond Balaclava.
- SEIFA decile 1 is the lowest tenth of Australian areas on that index and 10 the highest. The four indices measure different things and often disagree, which is why all four are shown: a suburb can rank high on education and occupation while ranking mid on economic resources.
Suburbs near Balaclava
Balaclava's typical house price of $1,402,000 is the 17th highest of the 22 Melbourne Inner suburbs we cover.
Albert Park 3206
$2,309,000 typical house price
Armadale 3143
$2,643,000 typical house price
Carlton 3053
$1,542,000 typical house price
Collingwood 3066
$1,321,000 typical house price
Docklands 3008
$573,000 typical unit price
Elwood 3184
$2,203,000 typical house price
Fitzroy 3065
$1,575,000 typical house price
Fitzroy North 3068
$1,661,000 typical house price
Balaclava: common questions
- How much does a house cost in Balaclava?
- About $1,402,000 across the 12 months to 2025-Q4, from 36 recorded sales. That is a sales-weighted average of the four quarterly medians published by the Victorian Valuer-General: a single quarter in one suburb can swing on a handful of sales.
- Have Balaclava prices gone up?
- Prices have risen 46.2% over 10 years and moved -2.0% over 5 years, comparing the latest rolling year with the same window a decade earlier. These movements reflect the mix of homes sold, not the change in value of a specific property.
- What do units cost in Balaclava?
- The typical unit price was around $573,000 across the 12 months to 2025-Q4: a sales-weighted average of the quarterly unit medians, from 131 sales.
- Can I see Balaclava prices street by street?
- Not yet. VIC publishes suburb-level medians rather than individual sale records, so street-level medians are only available on our New South Wales pages.
Tell us what you're buying in Balaclava
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Data sources
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This page summarises public government datasets for general information. It is not financial, legal or property advice, figures can contain source errors, and postcode or SA2 statistics cover a wider area than the suburb itself. Flood and bushfire overlays are not yet loaded for VIC pages, so the absence of a risk section is a data gap, not an all-clear: always check the vendor statement and planning certificate. Verify anything material independently before acting on it.