Balmoral has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 9.38% to date .
A 28.53% growth in median value for property investors in Balmoral,4171 puts this suburb at number 141th in terms of best performing suburbs in QLD
Balmoral, 4171’s gross rental yield is 3.24%
At number 1092th 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 0.95% recorded in median house prices.
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.
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.”