Suburb Profile Report for Balmoral QLD (4171)

Balmoral House: Median price $922,500, Annual capital growth 5.02%, Number of sales 71, Weekly median advertised rent $600

Balmoral Unit: Median price $542,000, Annual capital growth 4.50%, Number of sales 38, Weekly median advertised rent $430

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a an unimpressive capital gain of -2.38% for the last year, Balmoral, 4171 is the 3294th highest performer in Australia in this respect.

Balmoral,4171 has offered an average of -2.38% return per annum in house price rises to property investors over the last three years.

The most recent median price for Balmoral is $922500, with sellers offering an average of -4.94% off the asking price.

Using the current median advertised rental of $600 and the average annual increase in value of a median property of 5.02%, investors should hope to achieve an overall return of 3.38%

Balmoral is in the TOP 30% in QLD when comparing median price capital growth over the last year. Balmoral gave property investors a good capital gain figure when compared to the rest of the state, with 6.48%.

If we look at median property appreciation over just the last three months, Balmoral has given property investors a paper return of 3.24%. This puts Suburb as 65 on a list of fastest fasting appreciating suburbs in QLD

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 -6.06% is being offered, which puts this QLD suburb at 454th most discounted overall in Australia.

In the last year 38 properties changed hands in Balmoral, which puts it as the 203th most active market in QLD when comparing the number of sales per 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
Metrics i HOUSE UNIT
$922,500 $542,000
-1.60% 3.24%
-2.38% 6.48%
5.02% 4.50%
$600 $430
71 38
3.38% 4.13%
58.62 56.34

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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Recent sales & rentals