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Balmoral, VIC 3407
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$410,000
list-price estimate
Median Unit
$280,000
Gross Yield (houses)
5.5%
1yr Growth (houses)
-3.2%
market range -10.0% to +17.5%
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
In Balmoral, VIC 3407, houses show a gross rental yield of 5.5%. House prices have moved -3.2% over the past year.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 5.5% does more of the early heavy lifting than capital growth usually would at this price point. Houses also take time to sell, around 111 days on market, so plan for a slower exit if you ever need one.
Living in Balmoral: people, income and schools
Balmoral is home to around 281 people, a number that has held fairly steady over five years. The median age is 53, an older, established demographic, and 86% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $63,000 a year, or roughly $1,210 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). Incomes have risen about 25% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 4 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 281
- -0% over 5yr
- Median age
- 53 years
- Median household income
- $63,000/yr
- Households renting
- 9%
- Family households
- 60%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 985
- Unemployment
- 1.7%
- Walk score
- 4/100
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
No properties currently listed in Balmoral
Search Balmoral listings →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. Strong unit gross rental yield of 7.1%, before expenses, tax and loan costs. 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, VIC 3407 is $280K for units.
What rental yield does Balmoral show?
The gross rental yield in Balmoral is 5.5% for houses and 7.1% for units. 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 down 3.2% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How many people live in Balmoral?
Balmoral has a population of approximately 281 residents, with a median age of 53.
What schools are near Balmoral?
There are 1 school within roughly 5km of Balmoral. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Balmoral's population growing?
The population of Balmoral has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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