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. This figure represents an increase of 306 people since the 2021 Census, which reported a population of 4,554. The change is inferred from ABS data indicating an estimated resident population of 4,845 in June 2024 and an additional 22 validated new addresses since the Census date. This equates to a density ratio of approximately 3,521 persons per square kilometer, placing Balmoral in the upper quartile relative to national locations assessed by AreaSearch. The area's population growth rate of 6.7% since the Census positions it within 2.2 percentage points of the national average (8.9%). Population growth was primarily driven by natural growth contributing approximately 56.4% of overall gains during recent periods, although all drivers including overseas migration and interstate migration were 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 released in 2023 based on 2021 data are adopted, applying proportional growth weightings from ABS Greater Capital Region projections for each age cohort where state projections do not provide age category splits. Based on projected demographic shifts, a population increase just below the median of statistical areas across the nation is expected by 2041, with Balmoral expected to gain approximately 273 persons reflecting a total growth of around 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 4 approved so far in FY26. On average, 2.3 people moved to the area per new home constructed during these years, indicating strong demand that supports property values.

New homes are being built at an average expected construction cost of $1,004,000, suggesting developers target the premium market segment with higher-end properties. This financial year has seen $1.1 million in commercial approvals, indicating minimal commercial development activity compared to residential. Relative to Greater Brisbane, Balmoral records around three-quarters the building activity per person and ranks among the 71st percentile nationally for development activity, though recent periods have shown increased activity.

New building activity consists of 56.0% detached houses and 44.0% townhouses or apartments, offering a mix of medium-density options across different price brackets. The location has approximately 233 people per dwelling approval, indicating potential for growth. Future projections estimate Balmoral will add 258 residents by 2041 based on the latest AreaSearch quarterly estimate. Given 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

The performance of an area can significantly influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified a total of 17 such projects that could impact the area. Notable ones include the Bulimba Barracks Urban Renewal Project, Oxford & Princess - Bulimba Mixed-Use Development, QParks Group - 5 Riding Road Mixed-Use Development, and Bulimba Memorial Park and Community Centre Upgrade. The following list details those projects likely to be most relevant.

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

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

AreaSearch analysis reveals Balmoral significantly outperforming the majority of regions assessed nationwide

Balmoral has an educated workforce with strong professional services representation. Its unemployment rate was 2.4% in the past year, with estimated employment growth of 1.3%.

As of September 2025, 3064 residents are employed, with an unemployment rate of 1.6%, below Greater Brisbane's 4.0%. Workforce participation is high at 75.4%, compared to Greater Brisbane's 64.5%. Key employment sectors include professional & technical, health care & social assistance, and education & training. Balmoral specializes in professional & technical jobs, with an employment share of 1.7 times the regional level.

However, retail trade is under-represented at 7.5%, compared to Greater Brisbane's 9.4%. Local employment opportunities appear limited based on Census data analysis. Between September 2024 and September 2025, employment levels increased by 1.3% and labour force by 0.7%, reducing the unemployment rate by 0.6 percentage points. In comparison, Greater Brisbane saw employment grow by 3.8%. State-level data to 25-Nov-25 shows Queensland's employment contracted slightly (-0.01%), with an unemployment rate of 4.2%, closely matching the national rate of 4.3%. 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 could grow by 7.1% in five years and 14.3% in ten years, though these are illustrative extrapolations not accounting for localized population projections.

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 was $76,135 according to postcode level ATO data aggregated by AreaSearch for the financial year 2022. The average income during this period was $130,694. This is notably higher than 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, estimated incomes as of September 2025 would be approximately $86,786 (median) and $148,978 (average). The 2021 Census data ranks Balmoral's household, family, and personal incomes highly nationally, between the 94th and 94th percentiles. Income distribution shows that the largest segment comprises 32.5% earning $4000+ weekly. This is different from regional patterns where $1,500 - 2,999 dominates with 33.3%. Economic strength is evident through 46.3% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. High housing costs consume 15.2% of income, but strong earnings still 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

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

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

Family households account for 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 comprise the remaining 27.5%, with lone person households at 24.0% and group households making up 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

Balmoral's educational attainment is notably higher than broader benchmarks. Among residents aged 15+, 47.9% hold university qualifications, compared to 25.7% in Queensland (QLD) and 30.4% nationally. Bachelor degrees are the most common at 30.8%, followed by postgraduate qualifications (12.5%) and graduate diplomas (4.6%). Vocational credentials are also prevalent, with 25.8% of residents aged 15+ holding them, including advanced diplomas (11.0%) and certificates (14.8%).

Educational participation is high, with 32.1% currently enrolled in formal education. This includes primary education (10.7%), secondary education (8.7%), and tertiary education (7.2%).

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, all serving buses. Five different routes operate here, together offering 501 weekly passenger trips. Residents enjoy excellent transport accessibility, with an average distance of 167 meters to the nearest stop.

On average, there are 71 daily trips across all routes, translating 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 excellent results across all age groups, with very low prevalence of common health conditions. As of 2021, approximately 81% of Balmoral's total population (3,946 people) have private health cover, compared to Greater Brisbane's 73.8%. Nationally, the average is 55.3%.

Mental health issues and asthma are the most common 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, compared to 74.9% across Greater Brisbane. As of 2021, 10.3% of Balmoral's population are aged 65 and over (499 people), lower than the 11.3% in Greater Brisbane. Health outcomes among seniors 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 population, as per the 2016 Census, showed cultural diversity with 10.5% speaking a language other than English at home and 24.5% born overseas. Christianity was the dominant religion in Balmoral, accounting for 50.7% of residents compared to 47.7% across Greater Brisbane. For ancestry, the top three groups were English (28.7%), Australian (22.7%), and Irish (11.8%).

Notable differences included higher percentages of New Zealanders at 1.1%, South Africans at 0.8%, and French residents at 0.7%.

Balmoral's population is slightly younger than the national pattern

Balmoral's median age is 38, slightly higher than Greater Brisbane's 36 but equal to Australia's 38 years. The 45-54 age group comprises 16.8%, compared to Greater Brisbane, while the 75-84 cohort stands at 2.7%. From 2021 to present, the 15 to 24 age group has increased from 11.9% to 13.1%. Conversely, the 5 to 14 cohort declined from 14.5% to 12.9%, and the 35 to 44 group dropped from 17.4% to 16.0%. By 2041, demographic projections show significant shifts in Balmoral's age structure. Notably, the 45 to 54 group is projected to grow by 19%, adding 159 people and reaching 976 from 816. Meanwhile, both 0 to 4 and 5 to 14 age groups are expected to decrease in numbers.