Over the last year, property investments in Balmoral, 4171 have given investors a capital gain of 4.63%. This compares favourably with the 2.22% for QLD as a whole.
A 29.73% growth in median value for property investors in Balmoral,4171 puts this suburb at number 135th in terms of best performing suburbs in QLD
Our latest figures would indicate that property sellers in Balmoral are currently offering property investors an average price cut of -4.61% below the asking price at the moment.
On average over the past year, suburb has had 6.25 sales per month, which equates to 75 per year.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 5.72%, investors should hope to achieve an overall return of 3.52%
At number 1104th in the list of Australian suburbs ordered by increase in median house value over the last year, Balmoral, 4171 is in the BOTTOM 40% with a property value increase of 0.38% recorded in median house prices.
Balmoral,4171 was ranked 811 in Australia by increase in median property value over the quarter.
At number 89th of QLD’s most discounted properties, Balmoral is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Balmoral, 4171’s gross rental yield is 4.16%
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.”