Balaclava vs Mittagong

Balaclava (median $1,001,250) is roughly 10% cheaper to buy into than Mittagong ($1,110,000). Over the past year, Mittagong (+16.8%) ran 1.7 percentage points ahead of Balaclava (+15.1%) on house-price growth.

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Balaclava and Mittagong side by side

MeasureBalaclavaMittagong
Price and market
Median house$1,001,250$1,110,000
Median unit$343,440$684,750
House price change, 12 months+15.1%+16.8%
Renting
House rent$750/wk$750/wk
Owner occupied76.0%68.0%
Renter occupied22.0%27.0%
Schools
Schools nearby1615
Average ICSEA10371043
Lifestyle and people
Walk score092
Transit score040
Bike score55
Population5746,090
Median age4049
Climate
Annual rainfall852 mm852 mm
Mean max, January25.9°C25.9°C

Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.

Which suits whom

Mittagong scores higher on walkability (0/100 vs 92/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Mittagong (1043) sits above Balaclava (1037).

For buyers
Balaclava is the lower entry point at $1,001,250 median, 10% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Investors face a yield-versus-growth split: Balaclava delivers the better gross yield (3.90% vs 3.51%), but Mittagong has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
For families
Mittagong edges out on average school ICSEA (1043 vs 1037). Balaclava also has a higher family-household share (76% vs 65%), so the catchment community skews family-heavy.

Balaclava vs Mittagong: common questions

Is Balaclava or Mittagong cheaper to buy in?

Balaclava has the lower median house price at $1,001,250, roughly 10% below Mittagong ($1,110,000). The gap on units is usually similar but worth checking on the full suburb profiles.

Which has stronger property growth, Balaclava or Mittagong?

Over the past 12 months, Mittagong grew +16.8% vs +15.1% in Balaclava, a gap of 1.7 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.

Does Balaclava or Mittagong have better schools?

On average school ICSEA (the ACARA index that benchmarks educational advantage), Mittagong scores 1043 vs 1037 in Balaclava. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.

Which is more walkable, Balaclava or Mittagong?

Mittagong scores 92/100 on walkability vs 0/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.

Which suburb has higher rental yield, Balaclava or Mittagong?

Gross rental yield on houses is 3.90% in Balaclava vs 3.51% in Mittagong. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.