Giving property investors a an unimpressive capital gain of 2.16% for the last year, Balmoral, 4171 is the 2533th highest performer in Australia in this respect.
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.
Property buyers and investors in Balmoral 4171 should be seeing an average reduction in asking price of around -4.65% . This means that Balmoral is holding prices well when compared to other suburbs in QLD.
With the median price for a house in Balmoral being $947500 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 3.29%
Over the last year, property investments in Balmoral, 4171 have given investors a capital gain of -0.47%. This compares averagely with the 0.98% for QLD as a whole.
While Balmoral,4171 ranked number 117th in QLD for increase in median house value (annualised) increase, it is ranked 53th over the last 5 years.
Property buyers and investors in Balmoral 4171 should be seeing an average reduction in asking price of around -5.93% . This means that Balmoral is holding prices well when compared to other suburbs in QLD.
Residents and property investors in Balmoral have been waiting around 57.45 days to sell a property.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 4.70%, investors should hope to achieve an overall return of 4.22%
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.”