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Balmoral, QLD 4171
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,125,000
market range $2.0M-$2.4M
Median Unit
$965,000
market range $900K-$1.1M
Gross Yield (houses)
2.6%
1yr Growth (houses)
+8.3%
market range +2.5% to +20.0%
Investment snapshot for Balmoral
Balmoral has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Balmoral market and investor summary
Balmoral (QLD 4171) runs a median house price of $2.1M, with houses yielding a gross 2.6%. House prices have moved +8.3% over the past year and +42.8% over three years. At 0.5% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.6% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.5% and a resident base that is not shrinking.
Living in Balmoral: people, income and schools
Balmoral is home to around 4,173 people, a number that has held fairly steady over five years. The median age is 37, broadly working-age, and families account for 73% of households.
Households here earn a median of about $139,000 a year, or roughly $2,670 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 15.3 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 12% over five years, which tends to underpin what local buyers can pay.
There are 61 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 4.5 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 77 for walkability and 8 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 4,173
- +5% over 5yr
- Median age
- 37 years
- Median household income
- $139,000/yr
- Households renting
- 36%
- Family households
- 73%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 61
- avg ICSEA 1098
- Unemployment
- 2.4%
- Distance to CBD
- 4.5 km
- Walk score
- 77/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Balmoral
View all →Frequently asked questions about Balmoral
What should I check before investing in Balmoral?
Balmoral has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +8.3% in the past year shows strong recent price momentum. 3-year capital growth of +42.8% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Balmoral?
The median property price in Balmoral, QLD 4171 is $2.1M for houses and $965K for units.
What rental yield does Balmoral show?
The gross rental yield in Balmoral is 2.6% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Balmoral?
House prices in Balmoral are up 8.3% over the past year and up 42.8% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Balmoral?
The current vacancy rate in Balmoral is 0.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Balmoral?
Balmoral has a population of approximately 4,173 residents, with a median age of 37.
What schools are near Balmoral?
There are 61 schools within roughly 5km of Balmoral. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Balmoral affordable to buy in?
A median house in Balmoral costs about 15.3 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Balmoral's population growing?
The population of Balmoral has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Balmoral from the CBD?
Balmoral is about 4.5 km from the CBD.
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