Balaclava vs Elwood
Balaclava (median $1,150,000) is roughly 50% cheaper to buy into than Elwood ($2,305,000).
Buying in Balaclava or Elwood?
Selling in Balaclava? The free selling guide
Balaclava and Elwood side by side
| Measure | Balaclava | Elwood |
|---|---|---|
| Price and market | ||
| Median house | $1,150,000 | $2,305,000 |
| Median unit | $576,300 | $620,000 |
| Renting | ||
| House rent | – | $1095/wk |
| Unit rent | – | $608/wk |
| Owner occupied | – | 47.0% |
| Renter occupied | – | 51.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1114 | 1117 |
| Lifestyle and people | ||
| Walk score | 100 | – |
| Transit score | 100 | – |
| Bike score | 100 | – |
| Population | – | 15,153 |
| Median age | – | 38 |
| Climate | ||
| Annual rainfall | 625 mm | 617 mm |
| Mean max, January | 26.6°C | 26.4°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
On school quality, the average ICSEA across schools serving Elwood (1117) sits above Balaclava (1114).
- For buyers
- Balaclava is the lower entry point at $1,150,000 median, 50% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Rental or growth data is incomplete for one or both suburbs. Look at the full investor view on each suburb profile for a complete picture.
- For families
- Elwood edges out on average school ICSEA (1117 vs 1114).
Balaclava vs Elwood: common questions
Is Balaclava or Elwood cheaper to buy in?
Balaclava has the lower median house price at $1,150,000, roughly 50% below Elwood ($2,305,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Balaclava or Elwood have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Elwood scores 1117 vs 1114 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.
Keep comparing
The two suburbs
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Choosing between Balaclava and Elwood?
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