OA Logo Green
search icon

Get a property report and suburb profile for any property in Balmoral

Join the 2.6 million Australians* who use our services every year.

Geo Page

Balmoral suburb profile

Balmoral is a leafy inner eastern Brisbane suburb beside the river, known for pockets of classic timber Queenslanders, interwar cottages and a mix of renovated homes set on quiet, tree-lined streets. It appeals to families, professionals and long-term locals who enjoy a relaxed riverside lifestyle with access to riverfront parks, walking paths and neighbourhood cafes and shops on nearby strips. Public transport and main road links make the city readily reachable while green reserves, playgrounds and low-key streetscapes give Balmoral a residential, village-like feel rather than a busy commercial atmosphere.

Balmoral property market performance

Current median dwelling price$1,648,500Past 3 months

Property growth+18.8%Past 12 months

Balmoral has relatively few recent unit sales, so there isn't enough data to publish a reliable median unit price. On the house side the median house price is $2.255 million, and house values have risen sharply, up 20.0% over the last 12 months. Unit values also rose sharply, up 17.7% over the last 12 months.

Over the past 3 months 19 houses and 8 units sold. Houses sold in a median of 32 days while units sold in a median of 12 days, so units sold faster than houses.

The rental market in Balmoral saw average house rents of $913 a week over the last 12 months, up a solid 7.4%. Average unit rents were $625 a week, up sharply 13.6%, so unit rents grew faster than house rents.

HousesUnits
Median price
Past 3 months
$2.25MN/A
Change in value
Past 12 months
20.0%17.7%
Sold
Past 3 months
198
Median days on market
Past 12 months
3212
Average rent
Past 12 months
$913$625
Change in rent
Past 12 months
7.4%13.6%

5 year median price trend for houses and units

Access homes before they're listed for sale

Build a buying brief and get first access to properties that aren't yet on the market.

OpenAdvantage

Balmoral demographics

Balmoral is home to 4,173 people, with a median age of 37 and a median total household income of $2,671 a week, roughly $139,000 a year.

Families are the largest household group: couple families with children are the biggest single category at 47.8%, and together with couple families without children (35.2%) they account for 83.0% of families. One-parent families make up 15.5% and other families 1.5%.

In Balmoral, owner-occupation is most common: 24.3% of homes are owned outright and 39.7% are owned with a mortgage, a combined owner-occupied share of 64.0%, while renters account for 36.0% of households.

Suburbs near Balmoral

Some popular suburbs near Balmoral include:

  • Hawthorne: Leafy, residential suburb along the Brisbane River with quiet streets.
  • Bulimba: Popular riverside village with a busy high street and ferry access.
  • Morningside: Mixture of older homes and newer apartments, close to industrial precincts.
  • Teneriffe: Former woolstore precinct turned inner-city neighbourhood with riverside walkways.
  • New Farm: Inner-city suburb centred on its large park and riverfront promenades.

How does Balmoral compare to nearby suburbs?

  • Median house prices: Balmoral’s median house price is 24.1% higher than Hawthorne’s.
  • Median unit prices: Balmoral’s median unit price is 15.6% higher than Hawthorne’s.
  • House price growth: Over the past 12 months, house prices in Balmoral have grown 16.4% higher than in Hawthorne.
  • Unit price growth: Over the past 12 months, unit prices in Balmoral have grown 0.7% higher than in Morningside.
  • Selling speed for houses: Properties in Balmoral are selling 13.5% faster than in Hawthorne.
  • Selling speed for units: Properties in Balmoral are selling 55.6% faster than in Hawthorne.
  • Investment considerations: In Balmoral, the rental yield for house is 28.1% higher than the Brisbane average, while the rental yield for units is 4.7% lower.
  • House price growth: Over the past 12 months, house prices in Balmoral have grown 64.5% higher than the average rate of growth across Brisbane.
  • Unit price growth:Over the past 12 months, unit prices in Balmoral have grown 19.1% higher than the average rate of growth for units across Brisbane.

Choose the right real estate agents in Balmoral

In Balmoral ,54 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 30.5% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.47% and 3.01%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

Geo Page

Get a head start and compare top local agents in Balmoral

Not quite ready to sell?

icon

Property report

Suburb and property report

Completed by independent professional experts not a computer.
Get a free property reporticon right chevron
icon

OpenEstimates

Digital estimate for your property

Compare your property to three recent sales to get a digital estimate.
Get a comparative estimateicon right chevron
icon

Navigate the market like a pro

Navigate the market

Get an understanding of the market signals you should keep an eye on.
Understand your local marketicon right chevron