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Balaklava

POSTAL CODE: SA, 5461
HOUSE

Based on its average 5-year and quarterly capital gains BALAKLAVA, 5461 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that BALAKLAVA, 5461 obtained a 8.93% growth over a ten-year period. It ranks 556th on our list of suburbs that property investors should look into.

BALAKLAVA, 5461 in SA belongs to the local government area of Wakefield.

BALAKLAVA, 5461 has a capital gain of 2.38% for the past year, which is lower than average compared to its 100% growth within a five-year period.

With the median home price in BALAKLAVA sitting at $430,000, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in BALAKLAVA are low, as opposed to average gains per annum over the past five years.

Surburb overview


Balaklava, located approximately 92 kilometres north of Adelaide, is a thriving rural town in South Australia's Mid North region. It is part of the Wakefield Regional Council, a local government area that oversees several agricultural communities in the area. The town has a population of around 2,000 residents, with a demographic that includes families, farmers, retirees, and professionals who appreciate the town’s blend of rural charm and modern amenities.

Public transportation in Balaklava is limited, which is common for towns in rural areas, but the town is well-connected by road, with the Balaklava Road providing direct access to Adelaide and surrounding regions. The town’s location makes it a convenient hub for the surrounding agricultural districts, and it serves as a service centre for farmers and residents in nearby smaller towns and rural properties.

Balaklava is known for its strong agricultural heritage, with farming being a major industry in the area. The town hosts a range of amenities that cater to the needs of its residents and the wider community. These include a supermarket, local shops, cafes, and essential services such as banks, a post office, and healthcare facilities. Balaklava High School and Balaklava Primary School provide education for children in the town and surrounding areas, making it a family-friendly location with all the necessary amenities.

The town also has a vibrant community life, with several local clubs and organisations contributing to its active social scene. The Balaklava Golf Club and Balaklava Racecourse are key recreational facilities in the area, with the latter being famous for the annual Balaklava Cup, one of South Australia's major country racing events, attracting visitors from across the state.

Recreational activities in Balaklava are largely centred around its sports facilities, parks, and community events. The town’s main park, Ralli Park, offers sports fields, playgrounds, and open spaces for outdoor activities. Additionally, the local swimming pool and various community halls provide venues for sports, fitness, and social gatherings.

Balaklava’s combination of rural lifestyle, community spirit, and modern amenities makes it an attractive place to live for those seeking a quieter, more relaxed pace of life while still having access to essential services. The town’s strong agricultural roots, combined with its active community and recreational opportunities, contribute to its appeal as a welcoming and well-rounded place to call home in South Australia's Mid North region.

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