Balmoral

Population growth drivers in Balmoral are above average based on AreaSearch's ranking of recent, and medium to long-term trends

Balmoral's population was approximately 4,860 as of November 2025, reflecting a growth of 306 people since the 2021 Census. This increase corresponds to a 6.7% rise from the previous population count of 4,554. The change is inferred from the estimated resident population of 4,845 in June 2024 and an additional 22 validated new addresses since the Census date. This results in a population density ratio of 3,521 persons per square kilometer, placing Balmoral in the upper quartile relative to national locations assessed by AreaSearch. The area's growth rate of 6.7% since the census is within 2.2 percentage points of the national average (8.9%), indicating competitive growth fundamentals. Natural growth contributed approximately 56.4% of overall population gains during recent periods, with all drivers including overseas migration and interstate migration being positive factors.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data and years post-2032, Queensland State Government's SA2 area projections are used, released in 2023 based on 2021 data. These state projections do not provide age category splits; hence proportional growth weightings aligned with ABS Greater Capital Region projections (released in 2023, based on 2022 data) for each age cohort are applied where utilized. Considering projected demographic shifts, a population increase just below the median of statistical areas across the nation is expected for Balmoral, with an anticipated growth of 273 persons to reach 5,133 by 2041 based on the latest annual ERP population numbers, reflecting a total gain of 5.3% over the 17-year period.

Residential development activity is slightly higher than average within Balmoral when compared nationally

Balmoral has seen approximately 17 new homes approved annually. Over the past five financial years, from FY21 to FY25, 89 homes were approved, with an additional 2 approved so far in FY26. On average, 2.3 people moved to the area per new home constructed over these five years, indicating strong demand that supports property values.

New homes are being built at an average construction cost value of $1,217,000, suggesting developers target the premium market segment with higher-end properties. This financial year has seen $1.1 million in commercial approvals, indicating limited commercial development activity compared to residential. Relative to Greater Brisbane, Balmoral records about three-quarters the building activity per person and places among the 71st percentile of areas assessed nationally, though recent periods show increasing development activity.

New building activity comprises 56.0% detached houses and 44.0% townhouses or apartments, offering a mix of medium-density options across price brackets. The location has approximately 233 people per dwelling approval, indicating potential for growth. Future projections estimate Balmoral adding 258 residents by 2041 (latest AreaSearch quarterly estimate). Based on current development patterns, new housing supply should meet demand, providing good conditions for buyers and potentially facilitating population growth beyond current projections.

Balmoral has strong levels of nearby infrastructure activity, ranking in the top 30% nationally

AreaSearch has identified 17 projects that are expected to impact the area significantly. These include major initiatives like the Bulimba Barracks Urban Renewal Project, Oxford & Princess - Bulimba Mixed-Use Development, QParks Group - 5 Riding Road Mixed-Use Development, and the upgrade of Bulimba Memorial Park and Community Centre. The following list details those projects considered most relevant.

Professional plan users can use the search below to filter and access additional projects.

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The exceptional employment performance in Balmoral places it among Australia's strongest labour markets

Balmoral has an educated workforce with strong representation in professional services. Its unemployment rate was 2.2% as of June 2025.

Employment growth over the past year was estimated at 4.5%. As of that date, 3144 residents were employed, with an unemployment rate of 1.8%, lower than Greater Brisbane's 4.1%. Workforce participation in Balmoral was 75.4% compared to Greater Brisbane's 64.5%. Employment is concentrated in professional & technical services (1.7 times the regional level), health care & social assistance, and education & training.

Retail trade is under-represented at 7.5%, compared to Greater Brisbane's 9.4%. Between June 2024 and June 2025, employment levels increased by 4.5% and labour force by 2.9%, reducing the unemployment rate by 1.5 percentage points. In contrast, Greater Brisbane saw employment grow by 4.4%, labour force expand by 4.0%, and unemployment fall by 0.4 percentage points. Statewide in Queensland as of Nov-25, employment contracted by 0.01% (losing 1,210 jobs), with an unemployment rate of 4.2%. Nationally, the unemployment rate was 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Balmoral's employment mix suggests local employment should increase by 7.1% over five years and 14.3% over ten years, based on simple weighting extrapolation for illustrative purposes.

The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis

The median taxpayer income in Balmoral SA2 is $76,135 according to postcode level ATO data aggregated by AreaSearch for the financial year 2022. The average income is $130,694. These figures are exceptionally high nationally, contrasting with Greater Brisbane's median income of $55,645 and average income of $70,520. Based on Wage Price Index growth of 13.99% since the financial year 2022, current estimates would be approximately $86,786 (median) and $148,978 (average) as of September 2025. From the 2021 Census, household incomes rank at the 94th percentile nationally in Balmoral SA2. The largest segment comprises 32.5% earning $4000+ weekly, differing from regional patterns where $1,500 - 2,999 dominates with 33.3%. High weekly earnings exceeding $3,000 are achieved by 46.3% of households, supporting elevated consumer spending. Housing costs consume 15.2% of income in Balmoral SA2, but strong earnings place disposable income at the 94th percentile nationally. The area's SEIFA income ranking places it in the 9th decile.

Balmoral displays a diverse mix of dwelling types, with above-average rates of outright home ownership

Balmoral's housing structure, as per the latest Census, was 62.0% houses and 38.0% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Brisbane metro's 52.7% houses and 47.3% other dwellings. Home ownership in Balmoral stood at 23.6%, with mortgaged dwellings at 41.0% and rented ones at 35.4%. The median monthly mortgage repayment was $2,708, higher than Brisbane metro's $2,500. The median weekly rent in Balmoral was $450, compared to Brisbane metro's $440. Nationally, Balmoral's mortgage repayments were significantly higher at $1,863 and rents substantially above the national average of $375.

Balmoral has a typical household mix, with a higher-than-average median household size

Family households make up 72.5% of all households, including 35.7% couples with children, 25.1% couples without children, and 10.7% single parent families. Non-family households account for the remaining 27.5%, with lone person households at 24.0% and group households comprising 3.5%. The median household size is 2.6 people, which is larger than the Greater Brisbane average of 2.4.

Educational achievement in Balmoral places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community

Educational attainment in Balmoral is notably high, with 47.9% of residents aged 15 and above holding university qualifications, compared to 25.7% in Queensland and 30.4% nationally as of the latest report. Bachelor degrees are most common at 30.8%, followed by postgraduate qualifications at 12.5% and graduate diplomas at 4.6%. Vocational credentials are also prevalent, with 25.8% of residents aged 15 and above holding such qualifications, including advanced diplomas at 11.0% and certificates at 14.8%. Educational participation is high, with 32.1% of residents currently enrolled in formal education, comprising 10.7% in primary, 8.7% in secondary, and 7.2% in tertiary education as per the latest available data.

Educational participation is notably high, with 32.1% of residents currently enrolled in formal education. This includes 10.7% in primary education, 8.7% in secondary education, and 7.2% pursuing tertiary education.

Transport servicing is moderate compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Balmoral has 20 active public transport stops. These are served by buses on five different routes, offering a total of 501 weekly passenger trips. The average distance to the nearest stop for residents is 167 meters.

On average, there are 71 trips per day across all routes, equating to about 25 weekly trips per individual stop.

Balmoral's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Balmoral's health outcomes show exceptional results across all age groups, with very low prevalence of common health conditions. The rate of private health cover stands at approximately 81% (3,946 people), higher than Greater Brisbane's 73.8%, and significantly above the national average of 55.3%. Mental health issues and asthma are the most prevalent medical conditions in the area, affecting 7.9% and 7.5% of residents respectively.

A total of 75.3% of residents report being completely clear of medical ailments, slightly higher than Greater Brisbane's 74.9%. The proportion of seniors aged 65 and over is 10.3% (499 people), lower than Greater Brisbane's 11.3%. Despite this, health outcomes among seniors in Balmoral are strong and broadly align with the general population's health profile.

In terms of cultural diversity, Balmoral records figures broadly comparable to the national average, as found in AreaSearch's assessment of a number of language and cultural background related metrics

Balmoral's cultural diversity was above average, with 10.5% speaking a language other than English at home and 24.5% born overseas. Christianity was the predominant religion in Balmoral at 50.7%, compared to 47.7% across Greater Brisbane. The top three ancestry groups were English (28.7%), Australian (22.7%), and Irish (11.8%).

Notably, New Zealanders were overrepresented at 1.1% versus the regional average of 0.9%, as were South Africans at 0.8% versus 0.6%, and French residents at 0.7% compared to the region's 0.8%.

Balmoral's population is slightly younger than the national pattern

Balmoral's median age is 38, which is slightly higher than Greater Brisbane's figure of 36 but equal to Australia's median age of 38 years. The 45-54 age group constitutes a strong 16.8% of Balmoral's population compared to Greater Brisbane, while the 75-84 cohort makes up only 2.7%. Between 2021 and present, the 15-24 age group has increased from 11.9% to 13.1%, whereas the 5-14 cohort has decreased from 14.5% to 12.9% and the 35-44 group has fallen from 17.4% to 16.0%. By 2041, demographic projections indicate significant shifts in Balmoral's age structure. Notably, the 45-54 group is projected to grow by 19%, adding 159 people and reaching a total of 976 from its current figure of 816. Conversely, both the 0-4 and 5-14 age groups are expected to see reduced numbers.