If you compare the increase in value of investment property in Balmoral, 4171 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -2.12%.
While Balmoral,4171 ranked number 727th in QLD for increase in median house value (annualised) increase, it is ranked 390th over the last 5 years.
The most recent median price for Balmoral is $925000, with sellers offering an average of -4.94% off the asking price.
At number 874 in a list of fastest selling suburbs, Balmoral is in the TOP 30% of suburbs in Australia with an average of days on market 57.56 for properties listed there.
With the median price for a house in Balmoral being $925000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 3.37%
Balmoral is an average performer in QLD when comparing median price capital growth over the last year. Balmoral gave property investors a average capital gain figure when compared to the rest of the state, with 0.76%.
When looking at the potential capital gains offered to property investors over the last 3 years, Balmoral comes in at number 163th in QLD.
Sellers are offering property buyers an average discount of -6.03% to buyers in Balmoral at the moment, which is less than average for the rest of QLD.
At number 318 in a list of fastest selling suburbs, Balmoral is in the TOP 30% of suburbs in Australia with an average of days on market 54.91 for properties listed there.
Renters in Suburb are facing rents around $5280 per annum or $440 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.”