Giving property investors a a solid capital gain of 8.08% for the last year, Balmoral, 4171 is the 641th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Balmoral,4171 has racked up an average of 8.08% over the period. This ranks it number 1617th in the whole country for real estate investors looking at median house price increases.
Balmoral is 754th on a list of best yielding suburbs for rents in QLD with a 3.10% return
Balmoral has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.62% to date .
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 -7.03% . This means that Balmoral is holding prices well when compared to other suburbs in QLD.
Renters in Suburb are facing rents around $22880 per annum or $440 every week.
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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.”