Investment property in Balmoral has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.73%
Balmoral,4171 was ranked 1770 in Australia by increase in median property value over the quarter.
Balmoral, 4171 is offering QLD ‘s 102th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.
In the last year 68 properties changed hands in Balmoral, which puts it as the 353th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $612.5 mark per week – giving a return of 3.10% based on the median price in Suburb
Balmoral, 4171 ranked 267th in QLD when comparing growth in median property values or capital gain over the last 12 months. Balmoral is one of 2415 in our list for QLD
Across a shorter period, Balmoral, 4171 has seen a median price increase of -7.27% over the last quarter.
Our latest figures would indicate that property sellers in Balmoral are currently offering property investors an average price cut of -5.71% below the asking price at the moment.
Renters in Suburb are facing rents around $5160 per annum or $430 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.”