Suburb Profile Report for Balmoral QLD (4171)

Balmoral House: Median price $945,000, Annual capital growth 5.90%, Number of sales 65, Weekly median advertised rent $608

Balmoral Unit: Median price $525,000, Annual capital growth 4.26%, Number of sales 37, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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

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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.Full summary

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.”

Close
HOUSE UNIT
$945,000 $525,000
0.00% -0.47%
2.16% -1.41%
5.90% 4.26%
$608 $420
65 37
3.34% 4.16%
64.75 53.44

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 3827
Median household income ($/weekly) 2044
Median age of persons 35
Median housing loan repayment ($/monthly) 2500
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 450 11.8
    25-34 years 712 18.6
    35-44 years 724 18.9
    45-54 years 574 15.0
    55-64 years 338 8.8
    Others 1029 26.9
    Age Group
    Census Count Percent(%)
    Registered Married 1340 46.5
    Not Married 1159 40.2
    Defacto Relationship 385 13.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2834 76.9
    Italy 44 1.2
    Papua New Guinea 159 4.3
    United Kingdom 257 7.0
    Other 133 3.6
    Others 257 7.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 45 1.3
    Christianity 2449 70.0
    Hinduism 17 0.5
    Other Religious Groups 24 0.7
    No Religion 940 26.9
    Others 24 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 171 12.6
    $2,000-$2,499 137 10.1
    $2,500-$2,999 214 15.8
    $3,000-$3,499 147 10.9
    $4,000 or more 129 9.5
    Others 556 41.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1574 52.4
    Not in the labour force 654 21.8
    Employed, worked part-time 566 18.8
    Employed, away from work 131 4.4
    Unemployed, looking for work 78 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 372 16.4
    Professionals 766 33.7
    Technicians & trades workers 237 10.4
    Clerical & administrative workers 366 16.1
    Sales 178 7.8
    Others 351 15.5
    Occupation
    Census Count Percent(%)
    Pre-school 51 5.8
    Infants/Primary 307 34.7
    Secondary 201 22.7
    Technical or Further Educational Institution 59 6.7
    University or other Tertiary Institutions 243 27.4
    Others 25 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2826 77.5
    Flat, unit or apartment 518 14.2
    Semi-detached, row or terrace house, townhouse 301 8.3
    Caravan, cabin, houseboat 3 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 557 38.3
    Being purchased 546 37.6
    Fully owned 346 23.8
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
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