Balaclava vs Maryknoll
Property investment comparison - Balaclava, VIC 3183 vs Maryknoll, VIC 3812
Head-to-head across core investment metrics: Balaclava wins 4, Maryknoll wins 0. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Balaclava | Maryknoll |
|---|---|---|
| Median house price | $1.5M | $1.5M |
| Median unit price | $550K | $595K |
| Gross rental yield (houses) | 3.46% | - |
| Gross rental yield (units) | - | 2.33% |
| 1-year house growth | +9.3%estimate | +6.3% |
| 3-year house growth | - | - |
| Vacancy rate | 2.3% | 12.3% |
| Population | 5,392 | 646 |
Balaclava vs Maryknoll: what the numbers say
The median house price is $1.5M in Balaclava and $1.5M in Maryknoll, so Balaclava is the cheaper entry point, with Maryknoll houses about 1% dearer.
For units, Balaclava sits at a median of $550K against $595K in Maryknoll, which makes Balaclava the more affordable unit market and Maryknoll the pricier one.
Over the past year house prices moved +9.3% in Balaclava (an estimate) and +6.3% in Maryknoll, so recent momentum favours Balaclava, although both suburbs recorded growth.
Rental vacancy is 2.3% in Balaclava and 12.3% in Maryknoll, so landlords in Balaclava face less competition for tenants.
Balaclava is the bigger suburb, with a population of 5,392 against 646, roughly 8 times the size of Maryknoll; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Balaclava for a lower purchase price, Balaclava for recent price momentum, Balaclava for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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