Balagundi is an abandoned town in Western Australia, 20 km east of Kalgoorlie. It is between Kalgoorlie and Bulong in the Goldfields-Esperance region of Western Australia.
The town derives its name from a nearby well, it is Aboriginal in origin and its meaning is not known. Following a campaign by the local progress association, the town was gazetted on 26 August 1896.Gold mining is the main industry in the area with at least one mine still operating close to the town and further exploration being carried out.