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.
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.”