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Balaclava

Suburb Profile

Balaclava - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3183

house
unit

Property investments in BALACLAVA fare well against the rest of the country last year, registering a median home price increase of 24.89%.

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

Based on its average 5-year and quarterly capital gains BALACLAVA, 3183 saw average growth in the long term.

Real estate investors could earn a rental income of $699 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 0.0 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,405,000.

BALACLAVA ranks 459th on the list of best yielding suburbs for rental properties in VIC, posting a 2.59% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,405,000 $600,000
GROWTH REPORT
Median Quarterly 7.25% -1.64%
Median 12 month 24.89% 1.27%
Median 3 years 14.88% 8.35%
Median 5 years 50.91% 36.36%
10 years average annual 7.51% 3.34%
Weekly media advert. rent $699 $410
Time on Market 0.0 days 47.1 days
Gross Rental Yield Percent 2.59% 3.55%
demographics (median values)
Total Population
5033
Weekly Household Income
1037
Household Size
2.00
demographics
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