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Balaklava suburb profile

Balaklava is a small rural service town in South Australia's Mid North, set on the Wakefield River and surrounded by broad cereal paddocks and grazing country. It serves the surrounding farming district with a compact main street of shops, a pub, a school and community sport grounds that anchor local life. Housing is a mix of weatherboard and brick cottages close to the centre and larger rural properties on the town fringe, giving a practical, low-key feel. Farming families, tradespeople and commuters who travel to nearby centres make up the local community, and regular agricultural shows and race meetings provide calendar highlights.

Balaklava property market performance

Balaklava has relatively few unit sales, so there isn't enough recent data to publish a reliable median unit price. On the house side, the median house price is $547,500, up a solid 6.0% over the last 12 months.

Over the last 3 months, 12 houses and 1 unit were sold. Houses sold in a median of 71 days over the last 12 months.

In Balaklava, the rental market shows average house rents of $450 a week.

HousesUnits
Median price
Past 3 months
$548KN/A
Change in value
Past 12 months
6.0%N/A
Sold
Past 3 months
121
Median days on market
Past 12 months
71N/A
Average rent
Past 12 months
$450N/A
Change in rent
Past 12 months
N/AN/A

5 year median price trend for houses and units

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Balaklava demographics

Among families in this area, couple families without children are the largest group, accounting for 47.4% (258 families), while couple families with children make up 35.8% (195 families). One-parent families represent 15.8% (86 families) and other families 0.9% (5 families). Together, couple families with and without children make up just over eight in ten of the reported families.

The community numbers 2,083 people and has a median age of 46. The median total household income is $1,088 a week, which is about $56,576 a year.

Homes in Balaklava are mostly owner-occupied: 42.0% are owned outright (333 dwellings) and 30.8% are owned with a mortgage (244 dwellings), a combined 72.8% owner-occupied, while 27.2% are rented (216 dwellings).

Suburbs near Balaklava

Some popular suburbs near Balaklava include:

  • Halbury: Small rural town in the Mid North, surrounded by broadacre cropping country.
  • Owen: A service town in the Mid North agricultural heartland, with sweeping farming landscapes.
  • Hoyleton: Quiet locality marked by undulating hills and broad cereal fields.
  • Port Wakefield: Coastal town on the eastern approaches to Yorke Peninsula, with sweeping harbour views.
  • Auburn: Historic town on the edge of the Clare Valley, close to vineyards and rolling hills.

How does Balaklava compare to nearby suburbs?

  • House price growth: Property prices in nearby Port Wakefield have risen 53.6% more than in Balaklava over the past year.
  • Selling speed for houses: Properties in Balaklava are selling 35.5% faster than in Auburn.

Choose the right real estate agents in Balaklava

Choosing the right real estate agent in Balaklava can have a big impact on your sale. While there are 9 real estate agents working in the suburb, but just 5 of them were responsible for 93.4% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.56% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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