Balmoral: A perfect place to live

 

Balmoral, whose name is coined from a Scottish gaelic for ‘beautiful residence’ which is Baile Mhoireil’, is a suburb located 4 km north-east of the Brisbane CBD. The suburb is located north-west of Morningside, Riding Road being its boundary in the west.

It is considered to be a great place to either live or visit as it’s got everything one would need. It has superb dining and cafes, a nice and peaceful vibe and is only 8 minutes away from town.

The suburb’s development had stunted until 1856 as there was no bridge connecting it to the CBD. Early settlers only relied on industries such as growing bananas, sugar and cotton in order to survive. The establishment of a bridge in the middle of the 1800s has triggered a surge in economic and industrial growth for the suburb as subdivisions were being built, which eventually led to the rise of number of factories constructed in Balmoral.

Demographics

Population:  3,827 (2011 census)

Age Median: 35

Family Statistics

  • Married in a Registered Marriage – 46.46%
  • Married in a De Facto Marriage – 13.35%
  • Not Married – 40.19%

Supply and Demand

  • Current Vacancy Rate – 2.84%
  • Rental Stock Available – 42
  • Rental Population – 37.66%

Median House Price: $925,000

Median Unit Price: $551,000

Median Rent (Weekly)

Suburb’s Median Rent – $650 (House), $430 (Unit)

Transportation

Bus – The bus service is provided by the Queensland Government Translink

Schools In and Around Balmoral

  • Balmoral State High School – Balmoral, QLD
  • Clayfield College – Clayfield, QLD
  • Morningside State School – Morningside, QLD
  • St Joseph’s College Gregory Terrace – Brisbane City, QLD
  • Bulimba State School – Bulimba, QLD