Balmoral is in the bottom 40% in QLD when comparing median price capital growth over the last year. Balmoral gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.53%.
When looking at the potential capital gains offered to property investors over the last 3 years, Balmoral comes in at number 360th in QLD.
Balmoral, 4171 is offering QLD ‘s 705th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this QLD.
With a capital gain of -0.94% for the last 12 months, Balmoral, 4171 has performed for property investments than its average annual 4.56% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Balmoral comes in at number 235th in QLD.
Property investors looking for a bargain in Balmoral should be aiming for at least -6.28% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 44 properties changed hands in Balmoral, which puts it as the 189th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $425 mark per week – giving a return of 4.19% based on the median price in Suburb
Located just 8.5 km east of Brisbane CBD, Balmoral is a small suburb that has attracted a growing number of residents who want to live near the city but still relatively close to nature.Full summary
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Located just 8.5 km east of Brisbane CBD, Balmoral is a small suburb that has attracted a growing number of residents who want to live near the city but still relatively close to nature.
The leafy suburb features several parks and just minutes away from the Colmslie Reserve and Hawthorne Park. It offers boat access to Brisbane CBD via the Colmslie Reserve. Residents enjoy a wide range of amenities including local cafes, cinema and stores. Regular bus services and the CityCat provide transport options for residents.
Median house values peaked around June 2008, then fell sharply over the year to June 2009, however it has since trended back up close to $800,000 mark in June 2010.
“Balmoral and New Farm are blue chips suburbs , they had extended period of solid growth and people had solid confidence in these markets,” says Brown. “But because it’s hard to improve on the location and the level of amenity and the median price is already so high it’s likely that growth will be more contained or conservative over the next decade or so.”