Property investors who have had real estate in Balmoral, 4171 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.16%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Balmoral has increased when compared to the 5 year average annual rate.
Vendor discounting in Balmoral is giving property investors an average Vendor Discount of around -4.85%. This puts suburb at number 654th in QLD when ranking the most discounted suburbs.
Situated 3.97km from the CBD, Balmoral is one of Brisbane localities in the postcode 4171.
QLD has seen average median house prices change by 1.70% which means that Balmoral, 4171 has done well for property investors by showing a capital gain of -1.41% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Balmoral comes in at number 242th in QLD.
Our latest figures would indicate that property sellers in Balmoral are currently offering property investors an average price cut of -6.28% below the asking price at the moment.
Often selling an investment property can take time, and in Balmoral the average time real estate has been on the market is 53.44 days.
Advertised rents are around the $420 mark per week – giving a return of 4.16% 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.”