Balmoral (Qld)

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

Balmoral (Qld) statistical area (Lv2)'s population is estimated at around 4,512 as of Nov 2025. This reflects an increase of 339 people since the 2021 Census, which reported a population of 4,173 people. The change is inferred from AreaSearch's estimate of resident population at 4,493 following examination of ABS's latest ERP data release (June 2024) and an additional 45 validated new addresses since the Census date. This level of population equates to a density ratio of 3,552 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by AreaSearch. Balmoral's 8.1% growth since census positions it within 1.6 percentage points of the national average (9.7%), demonstrating competitive growth fundamentals. Population growth was primarily driven by natural growth contributing approximately 52.0% of overall population 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 as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, and for years post-2032, Queensland State Government's SA2 area projections released in 2023 based on 2021 data are adopted. However, these state projections do not provide age category splits; hence where utilised, AreaSearch applies proportional growth weightings in line with the ABS Greater Capital Region projections released in 2023 based on 2022 data for each age cohort. Examining future population trends indicates a population increase just below the median of statistical areas analysed by AreaSearch is expected. The area is expected to increase by 280 persons to 2041, reflecting an increase of 4.8% in total over the 17 years.

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

AreaSearch analysis of ABS building approval numbers indicates that Balmoral has experienced approximately 26 dwelling approvals annually over the past five financial years. This totals an estimated 132 homes from FY-20 to FY-25. As of FY-26, seven approvals have been recorded. Based on historical data from FY-21 to FY-25, each new dwelling constructed has resulted in an average of 1.5 new residents per year.

This suggests a balanced supply and demand market, supporting stable conditions. The average construction cost value for new homes is $1,112,000, indicating a focus on the premium market with high-end developments. In FY-26, $1.1 million in commercial approvals have been registered, reflecting the area's residential nature.

Compared to Greater Brisbane, Balmoral has seen slightly more development activity, approximately 20.0% above the regional average per person over the past five years. This preserves reasonable buyer options while sustaining existing property demand. New developments consist of 52.0% standalone homes and 48.0% attached dwellings, offering a mix of townhouses and apartments catering to different price points. Balmoral currently reflects a developing area with around 163 people per approval. According to the latest AreaSearch quarterly estimate, Balmoral is projected to grow by approximately 215 residents by 2041. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting population growth beyond current projections.

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

Area infrastructure changes greatly influence local performance. AreaSearch identified 16 potential impact projects. Key ones are Bulimba Barracks Urban Renewal Project, 653-655 Wynnum Road Mixed Use Development, VOIR, and LA VUE. The following list details those likely most relevant.

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

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Employment conditions in Balmoral demonstrate exceptional strength compared to most Australian markets

Balmoral has an educated workforce with strong professional services representation. Its unemployment rate is 2.5%, with estimated employment growth of 1.2% in the past year (AreaSearch data).

As of September 2025, 2,828 residents are employed, with an unemployment rate of 1.4%, below Greater Brisbane's rate of 4.0%. Workforce participation is high at 75.3%. Key industries include professional & technical, health care & social assistance, and education & training. Professional & technical employment is notable, at 1.7 times the regional average, while retail trade has limited presence at 7.4% compared to 9.4% regionally.

The area offers limited local employment opportunities. Between September 2024 and September 2025, employment levels increased by 1.2%, labour force by 0.7%, reducing the unemployment rate by 0.5 percentage points (AreaSearch analysis of SALM and ABS data). In comparison, Greater Brisbane recorded employment growth of 3.8% and a 0.5 percentage point fall in unemployment. As of 25-November 2025, Queensland's employment contracted by 0.01%, with an unemployment rate of 4.2%. National employment forecasts (Jobs and Skills Australia, May-25) project national growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Balmoral's industry mix suggests local employment could increase by 7.1% in five years and 14.4% in ten years.

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

In AreaSearch's latest postcode level ATO data released for financial year ended June 2023, Balmoral had a median income among taxpayers of $75,439 and an average income of $128,641. Nationally, these figures are exceptionally high. Greater Brisbane's median income was $58,236 with an average of $72,799 during the same period. Based on Wage Price Index growth of 9.91% since financial year ended June 2023, current estimates for Balmoral would be approximately $82,915 (median) and $141,389 (average) as of September 2025. According to the Census conducted in August 2021, incomes in Balmoral rank highly nationally, with household, family, and personal incomes between the 93rd and 94th percentiles. The largest income segment in Balmoral comprises 31.9% earning $4000+ weekly (1,439 residents), unlike regional trends where 33.3% fall within the $1,500 - $2,999 range. A significant 45.3% earn above $3,000 weekly, reflecting prosperity that drives local economic activity. High housing costs consume 15.5% of income, 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 recorded in the latest Census, consisted of 60.8% houses and 39.2% other dwellings such as semi-detached homes, apartments, and 'other' dwellings. This is compared to Brisbane metropolitan area's 52.7% houses and 47.3% other dwellings. Home ownership in Balmoral stood at 24.2%, with mortgaged dwellings at 40.0% and rented dwellings at 35.8%. The median monthly mortgage repayment in the area 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 median monthly 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 account for 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 make up the remaining 27.1%, with lone person households at 23.8% and group households comprising 3.6% of the total. The median household size is 2.5 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 exceeds broader standards significantly. Among residents aged 15+, 47.9% hold university qualifications, compared to Queensland's 25.7% and Australia's 30.4%. This notable advantage positions the area favourably for knowledge-based opportunities. Bachelor degrees are most prevalent at 31.1%, followed by postgraduate qualifications (12.2%) and graduate diplomas (4.6%).

Vocational credentials are also prominent, with 25.8% of residents aged 15+ holding such qualifications – advanced diplomas (11.1%) and certificates (14.7%). Educational participation is notably high in Balmoral, with 31.4% of residents currently enrolled in formal education. This includes 10.6% in primary education, 8.5% in secondary education, and 7.1% pursuing tertiary education.

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

The analysis of public transport in Balmoral shows that there are 17 active transport stops currently operating. These stops offer a variety of bus services, with 5 individual routes serving the area. Together, these routes facilitate a total of 501 weekly passenger trips.

The accessibility of transport in Balmoral is rated as excellent, with residents typically situated just 165 meters away from the nearest transport stop. On average, service frequency across all routes amounts to 71 trips per day, which translates 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 excellent 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 (3,527 people), compared to 73.8% across Greater Brisbane and a national average of 55.7%. The most common medical conditions in the area are mental health issues affecting 7.7% of residents and asthma impacting 7.5%, while 75.2% declare themselves completely clear of medical ailments, compared to 74.9% across Greater Brisbane.

Balmoral has 10.3% of residents aged 65 and over (464 people), which is lower than the 11.3% in Greater Brisbane. Health outcomes among seniors are particularly strong, broadly aligning 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 found to be above average, with 10.5% of its population speaking a language other than English at home and 24.7% born overseas. Christianity was the main religion in Balmoral, making up 51.1% of people. However, Judaism showed notable overrepresentation, comprising 0.3% of the population compared to 0.2% across Greater Brisbane.

In terms of ancestry, the top three represented groups were English at 28.8%, Australian at 22.3%, and Irish at 11.6%. There were also notable divergences in the representation of certain ethnic groups: New Zealand was overrepresented at 1.1% compared to 0.9% regionally, South African at 0.8% versus 0.6%, and French at 0.7% versus 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%, compared to Greater Brisbane, while the 25-34 cohort comprises 12.9%. From 2021 to present, the 15-24 age group has grown from 11.6% to 13.1%, and the 45-54 cohort increased from 15.5% to 16.7%. Conversely, the 5-14 cohort declined from 14.4% to 13.0%, and the 35-44 group dropped from 17.2% to 16.0%. By 2041, demographic projections indicate significant shifts in Balmoral's age structure. The 45-54 group is projected to grow by 18% (135 people), reaching 889 from 753. Those aged 65 and above will comprise 50% of the projected population growth, while the 0-4 and 5-14 cohorts are expected to experience population declines.