QLD has seen average median house prices change by 1.98% which means that Balmoral, 4171 has done well for property investors by showing a capital gain of 1.61% over the last year
Balmoral,4171 was ranked 2558 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -4.62% to buyers in Balmoral at the moment, which is less than average for the rest of QLD.
Balmoral is 673th on a list of best yielding suburbs for rents in QLD with a 3.52% return
With a capital gain of 0.14% for the last 12 months, Balmoral, 4171 has performed for property investments than its average annual 4.31% 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 260th in QLD.
Balmoral4171 is located in QLD which offers an average discount of -5.98% to property investors. Balmoral itself is showing figures that indicate -6.79% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Balmoral the average time real estate has been on the market is 62.46 days.
Renters in Suburb are facing rents around $5100 per annum or $425 every week.
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.”