Balmoral (Qld)

Population growth drivers in Balmoral are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

As of Nov 2025, Balmoral's population is estimated at around 4,530, reflecting an increase of 357 people since the 2021 Census. This growth represents an 8.6% increase from the previous population count of 4,173. AreaSearch validated this estimate following examination of the latest ERP data release by the ABS (June 2024) and additional 45 new addresses since the Census date. This results in a density ratio of 3,566 persons per square kilometer, placing Balmoral in the upper quartile relative to national locations assessed by AreaSearch. The suburb's population growth was primarily driven by natural growth contributing approximately 52.0% of overall population gains during recent periods. Other drivers such as overseas migration and interstate migration were also positive factors.

For future projections up to 2041, AreaSearch expects a population increase just below the median of statistical areas analysed, with an expected increase of 284 persons reflecting a total increase of 4.4% over the 17-year period.

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

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Balmoral has experienced around 26 dwellings receiving development approval annually over the past five financial years. This totals an estimated 133 homes. So far in FY-26, 4 approvals have been recorded. Over this period, an average of 1.5 new residents per year per dwelling constructed has been observed between FY-21 and FY-25.

The market shows good balance between supply and demand, supporting stable conditions. New homes are being built at an average value of $1,100,000, indicating a focus on the premium market with high-end developments. This financial year, $48.1 million in commercial approvals have been registered, demonstrating high levels of local commercial activity.

Compared to Greater Brisbane, Balmoral has slightly more development, at 21.0% above the regional average per person over the five-year period. This preserves reasonable buyer options while sustaining existing property demand. New development consists of 55.0% standalone homes and 45.0% attached dwellings, with a growing mix of townhouses and apartments providing options across different price points. At around 155 people per approval, Balmoral reflects a developing area. According to the latest AreaSearch quarterly estimate, Balmoral is expected to grow by 201 residents through to 2041. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

Balmoral has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

AreaSearch has identified 16 projects that could impact the region's performance. Key projects include Bulimba Barracks Urban Renewal Project, 653-655 Wynnum Road Mixed Use Development, VOIR, and LA VUE. The following list details those likely to be most relevant.

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

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Employment performance in Balmoral ranks among the strongest 15% of areas evaluated nationally

Balmoral has an educated workforce with professional services well represented. Its unemployment rate was 2.3% in the past year, showing a 4.4% employment growth.

As of June 2025, 2911 residents were employed while the unemployment rate was 1.7% below Greater Brisbane's rate of 4.1%. Workforce participation was 75.3%, higher than Greater Brisbane's 64.5%. Key industries for employment among residents were professional & technical, health care & social assistance, and education & training, with professional & technical being particularly notable at 1.7 times the regional average. Retail trade had limited presence at 7.4% compared to the regional average of 9.4%.

Employment opportunities locally appeared limited based on Census working population vs resident population count. Between June 2024 and June 2025, employment levels increased by 4.4%, labour force by 2.8%, reducing unemployment by 1.5 percentage points. Greater Brisbane recorded employment growth of 4.4% and a 0.4 percentage point decrease in unemployment. Jobs and Skills Australia's national employment forecasts from Sep-22 project national employment growth at 6.6% over five years and 13.7% over ten years, with varying rates across industry sectors. Applying these projections to Balmoral's employment mix suggests local employment should increase by 7.1% over five years and 14.4% over ten years.

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

As per AreaSearch's latest postcode level ATO data released for financial year ending June 2022, Balmoral's median income among taxpayers is $75,439. The average income in Balmoral during this period was $128,581. Nationally, these figures are exceptionally high compared to the Greater Brisbane median of $55,645 and average of $70,520. Based on Wage Price Index growth of 13.99% from financial year ending June 2022 to September 2025, current estimates for Balmoral would be approximately $85,993 (median) and $146,569 (average). According to the Census conducted in August 2021, household, family, and personal incomes in Balmoral all rank highly nationally, between the 93rd and 94th percentiles. The data shows that the largest segment of residents comprises 31.9% earning $4000 or more weekly (1,445 residents), which differs from regional trends where 33.3% fall within the $1,500 to $2,999 range. A significant 45.3% earn above $3,000 weekly, indicating prosperity that drives local economic activity. High housing costs consume 15.5% of income in Balmoral, but strong earnings place disposable income at the 93rd 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 dwelling structure, as per the latest Census, consisted of 60.8% houses and 39.2% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Brisbane metro's 60.8% houses and 47.3% other dwellings. Home ownership in Balmoral stood at 24.2%, with mortgaged dwellings at 40.0% and rented ones at 35.8%. The median monthly mortgage repayment was $2,729, higher than Brisbane metro's average of $2,500. Median weekly rent in 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, and 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 constitute 72.9% of all households, including 35.2% couples with children, 25.4% couples without children, and 11.0% single parent families. Non-family households account for the remaining 27.1%, with lone person households at 23.8% and group households comprising 3.6%. The median household size is 2.5 people, 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 exceeds broader benchmarks, with 47.9% of residents aged 15+ holding university qualifications compared to 25.7% in Queensland and 30.4% nationally. Bachelor degrees are the most common at 31.1%, followed by postgraduate qualifications (12.2%) and graduate diplomas (4.6%). Vocational credentials are also prevalent, with 25.8% of residents aged 15+ holding them – advanced diplomas at 11.1% and certificates at 14.7%. Educational participation is high, with 31.4% of residents currently enrolled in formal education: 10.6% in primary, 8.5% in secondary, and 7.1% in tertiary education.

The area has two schools serving 1,557 students – Sts Peter and Paul's School and Balmoral State High School. It demonstrates significant socio-educational advantages with an ICSEA score of 1103. Educational provision follows conventional lines, split between one primary and one secondary institution. The area functions as an education hub with 34.4 school places per 100 residents, significantly above the regional average of 13.5, attracting students from surrounding communities.

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

Balmoral has 17 active public transport stops, all of which are bus stops. These stops are served by five different routes that together facilitate 501 weekly passenger trips. The accessibility of these services is rated as excellent, with residents typically living just 165 meters from the nearest stop.

On average, there are 71 trips per day across all routes, translating to approximately 29 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

Health outcomes data shows exceptional results across Balmoral, with very low prevalence of common health conditions across all age groups. The rate of private health cover is exceptionally high at approximately 78% of the total population (3,539 people), compared to 73.8% across Greater Brisbane and a national average of 55.3%. The most common medical conditions in the area are mental health issues and asthma, impacting 7.7 and 7.5% of residents respectively, while 75.2% declare themselves completely clear of medical ailments, compared to 74.9% across Greater Brisbane.

The area has 10.3% of residents aged 65 and over (466 people), which is lower than the 11.3% in Greater Brisbane. Health outcomes among seniors are particularly strong, broadly in line with the general population's health profile.

The level of cultural diversity witnessed in Balmoral was found to be above average when compared nationally for 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 24.7% born overseas. Christianity was the predominant religion in Balmoral, comprising 51.1%. Notably, Judaism was overrepresented compared to Greater Brisbane, at 0.3% vs 0.2%.

Regarding ancestry, the top three groups were English (28.8%), Australian (22.3%), and Irish (11.6%). Some ethnic groups showed notable divergences: New Zealanders were overrepresented at 1.1% compared to the regional average of 0.9%, South Africans at 0.8% vs 0.6%, and French at 0.7% vs 0.8%.

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 makes up 16.7% of Balmoral's population, compared to Greater Brisbane, while the 25-34 cohort comprises 12.9%. Between 2021 and present, the 15-24 age group has increased from 11.6% to 13.1%, and the 45-54 cohort has risen from 15.5% to 16.7%. Conversely, the 5-14 age group has decreased from 14.4% to 13.0%, and the 35-44 group has fallen from 17.2% to 15.9%. By 2041, demographic projections indicate significant shifts in Balmoral's age structure. The 45-54 age group is projected to grow by 18% (132 people), reaching 889 from 756. Those aged 65 and above are expected to comprise 51% of the population growth. Meanwhile, the 0-4 and 5-14 cohorts are projected to experience population declines.