5 key changes sought to drive WA property market
Politicians are being urged to make real estate a key focus of elections, in a bid to create a fairer and more prosperous market. ...
Property investors enjoyed capital gains of 3.09% over the last 12 months in BALMORAL, translating to lower returns compared with its peers in QLD.
A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 3.37% growth over a ten-year period. It ranks 2286th on our list of suburbs that property investors should look into.
BALMORAL, 4171 has a capital gain of 3.09% for the past year, which is lower than average compared to its 17.3% growth within a five-year period.
With the median home price in BALMORAL sitting at $1,085,000, and the average rent at $545, property owners could potentially earn a 2.61% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BALMORAL are high, as opposed to average gains per annum over the past five years.
BALMORAL, 4171 in QLD belongs to the local government area of Brisbane (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,085,000 | $510,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.72% | 10.27% |
| Median 12 month | 3.09% | 7.94% |
| Median 3 years | 3.33% | -3.77% |
| Median 5 years | 17.3% | -5.38% |
| 10 years average annual | 3.37% | 0.56% |
| Weekly media advert. rent | $545 | $400 |
| Time on Market | 49.8 days | 88.3 days |
| Gross Rental Yield Percent | 2.61% | 4.08% |
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