Balaclava vs Yannathan
Property investment comparison - Balaclava, VIC 3183 vs Yannathan, VIC 3981
Head-to-head across core investment metrics: Balaclava wins 3, Yannathan wins 1. 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 | Yannathan |
|---|---|---|
| Median house price | $1.5M | $1.5M |
| Median unit price | $550K | $1.2M |
| Gross rental yield (houses) | 3.46% | 2.70% |
| Gross rental yield (units) | - | - |
| 1-year house growth | +9.3%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 2.3% | 0.6% |
| Population | 5,392 | 272 |
Balaclava vs Yannathan: what the numbers say
The median house price is $1.5M in Balaclava and $1.5M in Yannathan, so Balaclava is the cheaper entry point.
For units, Balaclava sits at a median of $550K against $1.2M in Yannathan, which makes Balaclava the more affordable unit market and Yannathan the pricier one.
On cash flow, Balaclava leads: houses there return a gross rental yield of 3.46%, compared with 2.70% in Yannathan, a gap of 0.76 percentage points.
Rental vacancy is 0.6% in Yannathan and 2.3% in Balaclava, so landlords in Yannathan face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Balaclava is the bigger suburb, with a population of 5,392 against 272, roughly 20 times the size of Yannathan; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Balaclava for rental income, Balaclava for a lower purchase price, Yannathan 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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