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.
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.”