If you compare the increase in value of investment property in Balmoral, 4171 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 23.76%.
Over the longer term, Balmoral has seen property prices show investors a 32.63% return over the last 3 years. This is worse than over the last 12 months
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.90% offered to property buyers. Sellers in Balmoral itself are offering an average vendor discount of -7.44% to real estate investors.
Renters in Suburb are facing rents around $36140 per annum or $695 every week.
Property value increases in Balmoral have tracked just higher than the QLD average of 8.71% over the last 12 months.
Over the longer term, Balmoral has seen property prices show investors a 14.09% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in Balmoral is giving property investors an average Vendor Discount of around -4.65%. This puts suburb at number 112th in QLD when ranking the most discounted suburbs.
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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.”