Property value increases in Balmoral have tracked close to the QLD average of 2.40% over the last 12 months.
Balmoral,4171 has offered an average of 2.44% return per annum in house price rises to property investors over the last three years.
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 -4.97% is being offered, which puts this QLD suburb at 2540th most discounted overall in Australia.
Balmoral is an average performer 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 3.89%.
Balmoral,4171 was ranked 222 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -5.61% to buyers in Balmoral at the moment, which is less than average for the rest of QLD.
Renters in Suburb are facing rents around $5040 per annum or $420 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.”