Balaclava VIC Property Investment

Glen Eira · 3183

Median House Price
$1.40M
Rental Yield
3.7%
Vacancy Rate
2.2%
Median Weekly Rent
$995/wk
Median Unit Price
$743K
Population
5,392
Days on Market
32 days
Annual Growth
0.5%

Balaclava Short-Term Rental (Airbnb) Market

Avg Nightly Rate
$465.62/night
Occupancy Rate
48%
Est. Annual Revenue
$82K

Macro Environment

Macro Indicators

Cash Rate

4.35%

0.25%

Cash rate as at 2026-05-06 · Credit data 2026-03

Suburb Supply & Demand

Suburb Supply Pipeline — New Dwelling Approvals

892

2020

1,472

2021

1,235

2022

691

2023

572

2025

New dwelling approvals — higher numbers mean more future supply

Socio-Economic Profile

Source: ABS Census 2021

SEIFA Index · Postcode 3183

Most disadvantagedLeast disadvantaged

Decile 9 of 10 — Low disadvantage

Population

17,964

Education (IEO)

10/10

Econ. Resources (IER)

3/10

10-Year Investment Projection

Modelled on Balaclava VIC data — rent, capital growth, tax, and depreciation over 10 years.

Pre-filled: $995/wk median rent for Balaclava. Capital growth and rent increase are editable assumptions.

Schools

In your catchment

St Kilda Primary School
PrimaryGovernment
8.5/10
Elwood College
SecondaryGovernment
8.1/10

These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.

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Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.

Balaclava VIC Property Market — Median, Growth, Yield · Estait | Estait