Suburb Profile Report for Balmoral QLD (4171)

Balmoral House: Median price $985,000, Annual capital growth 4.69%, Number of sales 75, Weekly median advertised rent $565

Balmoral Unit: Median price $546,500, Annual capital growth 4.85%, Number of sales 35, Weekly median advertised rent $430

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Balmoral has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 4.23% to date .

Taking the average capital gain, or increase in median house value, Balmoral,4171 has racked up an average of 4.23% over the period. This ranks it number 2492th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Balmoral, 4171. Typically our figures indicate that -9.54% is being offered, which puts this QLD suburb at 372th most discounted overall in Australia.

At number 2152 in a list of fastest selling suburbs, Balmoral is just in the bottom half of suburbs in Australia with an average of days on market 84.26 for properties listed there.

Advertised rents are around the $565 mark per week – giving a return of 2.98% based on the median price in Suburb

QLD has seen average median house prices change by 0.74% which means that Balmoral, 4171 has done well for property investors by showing a capital gain of 2.39% over the last year

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.

Balmoral, 4171 is offering QLD ‘s 108th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this QLD.

On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.

The QLD suburb of Balmoral, 4171 is in the Brisbane local government area.

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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
Metrics i HOUSE UNIT
$985,000 $546,500
3.68% 3.11%
4.23% 2.39%
4.69% 4.85%
$565 $430
75 35
2.98% 4.09%
84.26 53.31

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (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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