Over the last year, property investments in Balmoral, 4171 have given investors a capital gain of 6.38%. This compares very favourably with the 1.17% for QLD as a whole.
Over the longer term, Balmoral has seen property prices show investors a 11.11% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Balmoral are currently offering property investors an average price cut of -4.76% below the asking price at the moment.
Situated 4.07km from the CBD, Balmoral is one of Brisbane (C) localities in the postcode 4171.
Balmoral has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.65% to date .
Balmoral,4171 was ranked 864 in Australia by increase in median property value over the quarter.
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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.”