Balaclava at a glance
Median house
$1,150,000
Median unit
$576,300
Walk score
100
Walker's paradise
Population
18.0k
Median age 34
The brief
What to know about Balaclava.
The postcode for Balaclava is 3183 (VIC), part of Greater Melbourne.
The median house price in Balaclava is $1,150,000.
Balaclava (3183) sits in the Glen Eira region of Victoria. The median house here is $1,150,000, above the Victoria median of around $850K.
Balaclava has roughly 17,964 residents, with a young-family demographic. Households are dominated by renters. Day-to-day life here is very walkable, with most errands manageable on foot.
Side by side
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Median, growth, schools, walkability, all in one view.
Day to day
What it’s like to live here.
Balaclava scores 100/100 on walkability, which makes it very walkable with workable public transport options. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 6 government primary, 1 government secondary, 4 Catholic, 9 independent.
Who lives here
Demographics.
The 2021 Census put Balaclava's population at 17,964, with a median age of 34. That sits as a young-family demographic.
Population
17,964
Median age
34
Family households
–
Lone person
–
Houses change hands at $1,150,000 on a typical sale, above the Victoria median. Units come in around $576,300, roughly 50% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $230,000. Prices sit above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Market
The price of a home here.
Median house price
$1,150,000
+0.0% over the past year. Median unit price $576,300.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$396/wk
Weekly rent (unit)
$337/wk
Owner occupied
–
Renter occupied
–
At a deeper level
$1,150,000
$576,300
17,964
Median age: 34
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For investors
Investment overview.
Gross rental yield on houses sits at 1.79% (median rent $396/wk against a $1,150,000 price tag). Units yield 3.04% gross, often the better cash-flow play for first-time investors.
Gross Yield (House)
Source: Land Victoria / DTP · May 20261.79%
Based on $1,150,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20263.04%
Based on $576,300 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021–
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
647
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
100
100
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Balaclava.
Local schools for Balaclava
View the catchment for each school to find out more.
Government School Catchment
St Kilda Primary School
Elwood Primary School
Ripponlea Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Balaclava.
- What is the median house price in Balaclava?
- The median house price in Balaclava, VIC 3183 is $1,150,000. The median unit price is $576,300.
- What is the Balaclava postcode?
- Balaclava is in the 3183 postcode, in VIC, in the City of Glen Eira region.
- Where is Balaclava?
- Balaclava is a suburb of Melbourne, in VIC 3183. It is part of the Greater Melbourne area, in the City of Glen Eira region.
- What is the average rent in Balaclava?
- The median weekly rent for houses is $396, for units it's $337.
- What schools are in Balaclava?
- There are 20 schools serving Balaclava on this page, including St Kilda Primary School, Yeshivah College, Yesodei HaTorah College.
- How walkable is Balaclava?
- Balaclava has a Walk Score of 100 out of 100, very walkable. transit score 100, bike score 100.
- What suburbs are near Balaclava?
- Balaclava is close to Brighton Road, Ripponlea, Elwood, St Kilda East, St Kilda.
- What is the population of Balaclava?
- The population of Balaclava is approximately 17,964 (2021 Census). The median age is 34.
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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