All About Balaklava, Wakefield, SA, 5461
Balaklava, a town in the Wakefield Regional Council of South Australia, is characterized by its rural charm and tranquil lifestyle, making it an appealing choice for those looking to escape the hustle and bustle of city life. The housing market in Balaklava has seen gradual changes over recent years, reflecting both the unique appeal of the area and broader trends in regional real estate. Properties in Balaklava generally offer excellent value for money, with spacious homes, often set on generous plots of land, being the norm. The market is relatively stable, with prices not subject to the intense fluctuations seen in larger metropolitan areas, offering prospective buyers a sense of reliability and predictability. The availability of land and houses at competitive prices makes Balaklava an attractive option for families, retirees, and investors seeking lifestyle properties or rental opportunities in a peaceful setting.
Living in Balaklava brings a serene rural lifestyle that combines the advantages of a tight-knit community with the beauty of the South Australian countryside. Residents enjoy a strong sense of community, where neighborly connections are valued and local events, such as the annual Eisteddfod and various community fairs, serve as social highlights. The town provides essential amenities, such as schools, healthcare facilities, and shops, catering to everyday needs, while larger centers like Adelaide are just over an hour's drive away for more extensive services and shopping options. Outdoor enthusiasts relish the easy access to nature, with numerous parks, trails, and conservation areas nearby. With its blend of affordability, community spirit, and country living, Balaklava presents a well-rounded lifestyle option for those seeking peace and a slower pace of life.
Household Makeup
| Median Weekly Rent | $228.00 |
| Median Monthly Mortgage | $980.50 |
| Median Persons Per bed houseroom | 0.70 |
| Average Household Size | 2.00 |
| Average Age | 47.50 |
| Average Income | $617.25 |
| Average Cars Per Dwelling | 1.80 |
| Average Properties Within 50M | 7 |
| Typical 1 bed house | $138,000 |
| Typical 2 bed house | $221,000 |
| Typical 3 bed house | $332,000 |
| Typical 4 bed house | $431,000 |
| Typical 5 bed house | $486,000 |
| Typical 6 bed+ house | $418,000 |
Housing Stock
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Balaklava Real Estate Market Outlook
Thinking about buying in Balaklava? Now could not be a better time, with 1588 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $306,000 with prices in this suburb ranging from $40,000 to $2,309,000. The aproximate distance to the coast is 18 Km.
In Balaklava there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Balaklava is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Balaklava leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Balaklava necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Balaklava we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Balaklava a better buying opportunity than it may have been in the past.
Instant Property ValuationHouses for sale Balaklava
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4-8 Yorsdale Street, Balaklava, SA, 5461 |  |
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 10 |
P.O.A. |
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41 Short Terrace, Balaklava, SA, 5461 | 3 |
1 |
6 |
$435,000 |
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50 Railway Terrace, Balaklava, SA, 5461 | 3 |
1 |
2 |
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15 Ralli Street, Balaklava, SA, 5461 | 3 |
1 |
6 |
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22 Charles Street, Balaklava, SA, 5461 | 4 |
1 |
3 |
$499,000 |
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7 Honeysuckle Drive, Balaklava, SA, 5461 | 4 |
2 |
4 |
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16 Racecourse Road, Balaklava, SA, 5461 | 4 |
3 |
6 |
Local Schools
Horizon Christian School
Balaklava High School
Balaklava Primary School
(While the above schools are located with the suburb of Balaklava there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Balaklava weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 0.8 | 15.3 | 30.9 | 23.3 | 74.5 | 3.1 | 27.6 |
| Feb | 1.1 | 14.9 | 29.5 | 27.3 | 77.7 | 2.9 | 23.8 |
| Mar | 0.8 | 12.5 | 26.3 | 30.9 | 83.9 | 2.7 | 19.1 |
| Apr | 1.5 | 9.7 | 22.3 | 38.0 | 86.8 | 2.5 | 15.0 |
| May | 2.0 | 6.7 | 16.9 | 51.8 | 94.2 | 2.5 | 10.9 |
| Jun | 1.7 | 4.0 | 13.7 | 57.3 | 96.4 | 2.4 | 9.5 |
| Jul | 2.1 | 4.1 | 13.2 | 60.4 | 97.0 | 2.9 | 9.4 |
| Aug | 2.0 | 4.1 | 14.1 | 54.1 | 96.0 | 2.9 | 11.9 |
| Sept | 2.0 | 6.2 | 17.8 | 46.3 | 94.1 | 3.2 | 16.9 |
| Oct | 1.4 | 8.3 | 21.6 | 35.9 | 90.0 | 3.1 | 22.2 |
| Nov | 1 | 10.2 | 25.1 | 27.3 | 87.0 | 3.1 | 25.1 |
| Dec | 1.2 | 13.3 | 28.6 | 24.7 | 79.5 | 3.3 | 28.1 |
source: Australian Government Bureau of Meteorology
General Points of Interest
Balaklava Golf Club - Less than 5 KM
Balaklava Racecourse - Less than 1 KM
Nearby Suburbs
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