Renwick vs Balaclava
Balaclava (median $1,001,250) is roughly 22% cheaper to buy into than Renwick ($1,277,500). Over the past year, Balaclava (+15.1%) ran 11.0 percentage points ahead of Renwick (+4.1%) on house-price growth.
Buying in Renwick or Balaclava?
Selling in Renwick? The free selling guide
Renwick and Balaclava side by side
| Measure | Renwick | Balaclava |
|---|---|---|
| Price and market | ||
| Median house | $1,277,500 | $1,001,250 |
| Median unit | $343,440 | $343,440 |
| House price change, 12 months | +4.1% | +15.1% |
| Renting | ||
| House rent | $750/wk | $750/wk |
| Owner occupied | 82.0% | 76.0% |
| Renter occupied | 17.0% | 22.0% |
| Schools | ||
| Schools nearby | 15 | 16 |
| Average ICSEA | 1043 | 1037 |
| Lifestyle and people | ||
| Walk score | – | 0 |
| Transit score | – | 0 |
| Bike score | – | 5 |
| Population | 1,453 | 574 |
| Median age | 37 | 40 |
| Climate | ||
| Annual rainfall | 852 mm | 852 mm |
| Mean max, January | 25.9°C | 25.9°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
On school quality, the average ICSEA across schools serving Renwick (1043) sits above Balaclava (1037).
- For buyers
- Balaclava is the lower entry point at $1,001,250 median, 22% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Balaclava carries both higher gross yield (3.90% vs 3.05%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
- For families
- Renwick edges out on average school ICSEA (1043 vs 1037). Renwick also has a higher family-household share (86% vs 76%), so the catchment community skews family-heavy.
Renwick vs Balaclava: common questions
Is Renwick or Balaclava cheaper to buy in?
Balaclava has the lower median house price at $1,001,250, roughly 22% below Renwick ($1,277,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Renwick or Balaclava?
Over the past 12 months, Balaclava grew +15.1% vs +4.1% in Renwick, a gap of 11.0 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 Renwick or Balaclava have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Renwick 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 suburb has higher rental yield, Renwick or Balaclava?
Gross rental yield on houses is 3.90% in Balaclava vs 3.05% in Renwick. 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.
Keep comparing
The two suburbs
Compare Renwick with
Choosing between Renwick and Balaclava?
The free buying guide: budget, schemes, inspections and how not to overpay.