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Balmoral
VIC, 3407 - Southern Grampians

Thinking about buying in Balmoral? Now could not be a better time, with just 304 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $412,000 with prices in this suburb ranging from $104,000 to $914,000. The aproximate distance to the coast is 104 Km.

Household Makeup

Median Weekly Rent $100.00
Median Monthly Mortgage $650.00
Median Persons Per Bedroom 0.70
Average Household Size 2.00
Average Age 55.00
Average Income $624.00
Average Cars Per Dwelling 2.04
Average Properties Within 50M 7

Housing Stock

Average Property Prices

3 Bed  $411,000

Balmoral Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Balmoral driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Balmoral due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Balmoral provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Balmoral to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Balmoral the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Houses for sale Balmoral

Elders 98 HORSHAM RD, BALMORAL, VIC, 3407 Beds4 Bathrooms1 Parking 6 $290,000
Elders 19 COLERAINE RD, BALMORAL, VIC, 3407 Beds3 Bathrooms2 Parking 6
Harcourts 1790 HARROW-BALMORAL RD, BALMORAL, VIC, 3407 Beds Bathrooms $1,650,000

Local Schools

Balmoral K-12 Community College

(While the above schools are located with the suburb of Balmoral there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Balmoral weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan0.612.430.323.387.64.526.8
Feb0.612.829.228.088.84.422.5
Mar111.025.535.592.63.917.5
Apr1.18.421.243.695.03.212.6
May1.66.516.658.997.33.19.0
Jun1.84.513.668.998.43.07.6
Jul2.44.413.068.698.13.37.7
Aug2.14.314.161.598.03.410.7
Sept1.35.516.852.997.03.515.2
Oct1.17.120.645.195.23.820.2
Nov0.98.823.736.894.93.923.4
Dec1.210.727.327.991.04.227.2

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

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General Points of Interest

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