Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Property investors enjoyed capital gains of 20.76% 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 6.46% growth over a ten-year period. It ranks 1725th on our list of suburbs that property investors should look into.
BALMORAL, 4171 has a capital gain of 20.76% for the past year, which is higher than average compared to its 48.44% growth within a five-year period.
With the median home price in BALMORAL sitting at $1,425,000, and the average rent at $750, property owners could potentially earn a 2.74% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BALMORAL are low, 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 12 month||20.76%||5.8%|
|Median 3 years||44.52%||17.91%|
|Median 5 years||48.44%||12.32%|
|10 years average annual||6.46%||3.39%|
|Weekly media advert. rent||$750||$480|
|Time on Market||47.5 days||38.8 days|
|Gross Rental Yield Percent||2.74%||4.21%|