Balmoral real estate

For a Queensland suburb, Balmoral has a notable share of apartment homes. At the 2021 Census, 23% of occupied homes were flats or apartments, above 12% across QLD, and 16% were townhouses, terraces or semi-detached houses, above 12%. Separate houses came to 61%, below the state figure of 75%. The figures suggest that a larger share of homes are flats, apartments or attached homes than across QLD.

The bedroom figures lean smaller. Homes with two bedrooms or fewer were 28% in Balmoral, above 22% for QLD. Three-bedroom homes were 36%, below 37%, and homes with four or more bedrooms were 35%, below 39% statewide. Of private dwellings, 6% were unoccupied on Census night, below 9% across QLD.

The median household income was $2,671 a week at the 2021 Census, above $1,675 across QLD. The median mortgage repayment was $2,729 a month, above $1,733 for the state. Households paying off a mortgage were 39%, above 34%, and households owning outright were 24%, below 29% across QLD.

Median rent was $450 a week in Balmoral, above $365 across QLD. Worked out on this page from the two medians, that rent equals 17% of the median weekly income of all households, below 22% worked out the same way for QLD. Renting households were 35%, above 33%, and of them 77% rented from a landlord the ABS records as a real estate agent, above 66% across the state.

At the 2021 Census, 4,173 people lived in the suburb of Balmoral. Asked where they lived in 2016, 45% of people aged five and over gave the same address, below 48% across QLD. That one question suggests a smaller share of people aged five and over here at the same address in 2021 as in 2016 than across the state.

The median age in Balmoral was 37 years, below 38 for QLD, which suggests a younger population than the state. An average household held 2.5 people, the same as 2.5 across QLD, which suggests homes here were shared by the same number of people, on average, as across Queensland. These are counts of people, not a picture of who they are.