Balaclava combines St Kilda's cosmopolitan vibrancy with a more residential, community-oriented character — a compact inner suburb of Victorian terraces and Art Deco apartments where Carlisle Street's outstanding Jewish bakeries, Israeli restaurants, and independent cafés create a distinctive Melbourne neighbourhood experience. Direct Sandringham train access, proximity to St Kilda Beach, and Chapel Street's fashion retail position Balaclava as a perennially popular choice for young professionals seeking inner-city living at a discount to Fitzroy. At the current $1.3m median house price, an 80% loan at 6.25% over 30 years is about $6,403 per month.
| Median house price | $1,300,000 |
|---|---|
| Median unit price | $680,000 |
| Estimated monthly repayment | $6,403 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 6% |
| Gross rental yield | 3.8% |
| Typical days on market | 16 |
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