Balmoral (Qld)

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

As of Feb 2026, the estimated population of the suburb of Balmoral (Qld) is around 4,512. This reflects an increase of 339 people since the 2021 Census, which reported a population of 4,173. The change is inferred from an estimated resident population of 4,493 by AreaSearch following examination of the latest ERP data release by the ABS (June 2024), along with 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 1.8 percentage points of the national average (9.9%), demonstrating competitive growth fundamentals. Population growth for the area 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 is adopting 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 and based on 2021 data, are adopted. It should be noted that these state projections do not provide age category splits; hence where utilised, AreaSearch is applying proportional growth weightings in line with the ABS Greater Capital Region projections (released in 2023, based on 2022 data) for each age cohort. Future population trends indicate a population increase just below the median of statistical areas analysed by AreaSearch, with the area expected to increase by 278 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 4.7% 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, allocated from statistical area data, shows Balmoral has experienced around 26 dwellings receiving development approval annually over the past five financial years, totalling an estimated 132 homes. Seven approvals have been recorded so far in FY-26. On average, 1.5 new residents per year per dwelling constructed were reported between FY-21 and FY-25, indicating a balanced supply and demand market with stable conditions. The average construction cost value of new homes was $1,112,000, suggesting developers focus on the premium market with high-end developments.

Commercial approvals totalling $1.1 million have been registered in this financial year, reflecting the area's residential nature. Compared to Greater Brisbane, Balmoral has slightly more development, being 20.0% 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 52.0% standalone homes and 48.0% attached dwellings, with a growing mix of townhouses and apartments providing options across different price points. Balmoral reflects a developing area, with around 163 people per approval. According to the latest AreaSearch quarterly estimate, Balmoral is expected to grow by 213 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

The performance of an area can significantly influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified a total of 16 such projects that are expected to impact the area. Notable among these are the Bulimba Barracks Urban Renewal Project, the development at 653-655 Wynnum Road (mixed use), VOIR, and LA VUE. 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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Employment conditions in Balmoral demonstrate exceptional strength compared to most Australian markets

Balmoral's workforce is highly educated with strong professional services representation. The unemployment rate was 2.5% in the past year, showing a growth of 1.3%. As of September 2025, 2,832 residents were employed with an unemployment rate of 1.5%, lower than Greater Brisbane's 4.0%.

Workforce participation was 79.1%, higher than Greater Brisbane's 70.7%. Home workership stood at 31.0% based on Census responses. Key industries include professional & technical, health care & social assistance, and education & training. Professional & technical employment was notably high at 1.7 times the regional average while retail trade had limited presence at 7.4%.

The area offers limited local employment opportunities as indicated by working population vs resident population count. Between September 2024 and September 2025, employment levels increased by 1.3% and labour force by 0.7%, reducing unemployment by 0.5 percentage points. By comparison, Greater Brisbane recorded higher growth rates. 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 industry mix suggests local employment should increase by 7.1% over five years and 14.4% over ten years, though this is an illustrative extrapolation 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 latest postcode level ATO data for Balmoral, released for the financial year ending June 2023, indicates a median income among taxpayers of $75,439 and an average income of $128,641. Nationally, these figures are exceptionally high compared to the Greater Brisbane median of $58,236 and average of $72,799. Based on Wage Price Index growth of 9.91% since June 2023, estimated current incomes as of September 2025 would be approximately $82,915 (median) and $141,389 (average). According to the 2021 Census, household, family, and personal incomes in Balmoral rank highly nationally, between the 93rd and 94th percentiles. The largest income segment comprises 31.9% earning $4,000 or more weekly (1,439 residents), unlike regional trends where 33.3% fall within the $1,500 to $2,999 range. A significant 45.3% earn above $3,000 weekly, reflecting prosperous pockets driving robust 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 ownership patterns similar to the broader region

Balmoral's dwelling structure, as per the latest Census, consisted of 60.8% houses and 39.2% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Brisbane metro's 73.5% houses and 26.5% other dwellings. Home ownership in Balmoral was at 24.2%, with the rest mortgaged (40.0%) or rented (35.8%). The median monthly mortgage repayment was $2,729, higher than Brisbane metro's average of $1,863. Median weekly rent was recorded at $450, compared to Brisbane metro's $380. Nationally, Balmoral's mortgage repayments were significantly higher than the Australian average of $1,863, with rents substantially above the national figure of $375.

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

Family households constitute 72.9 percent of all households, including 35.2 percent couples with children, 25.4 percent couples without children, and 11.0 percent single parent families. Non-family households comprise the remaining 27.1 percent, with lone person households at 23.8 percent and group households making up 3.6 percent of the total. The median household size is 2.5 people, which is smaller than the Greater Brisbane average of 2.6.

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% have university qualifications, compared to 25.7% in Queensland (QLD) and 30.4% nationwide. 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 holding such qualifications – advanced diplomas account for 11.1% and certificates for 14.7%.

Educational participation is 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

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 area's transport accessibility is rated as excellent, with residents typically living just 165 meters from the nearest stop. As a predominantly residential area, most Balmoral residents commute outward. Cars remain the primary mode of transportation, used by 79% of residents, while only 6% opt for the bus. On average, there are 1.4 vehicles per dwelling in the area.

According to the 2021 Census, a high proportion of residents, at 31%, work from home, which may be influenced by COVID-19 conditions. The service frequency across all routes averages 71 trips per day, equating to approximately 29 weekly trips per individual stop.

Balmoral's residents are extremely healthy with very low prevalence of common health conditions across all age groups

Analysis of health metrics shows strong performance throughout Balmoral. Mortality rates and chronic condition prevalence were very low across all age groups. Private health cover was exceptionally high at approximately 78% of the total population (3,527 people), compared to 55.8% across Greater Brisbane, which is close to the national average of 55.7%.

The most common medical conditions in the area were mental health issues and asthma, impacting 7.7 and 7.5% of residents respectively. A total of 75.2% of residents declared themselves completely clear of medical ailments, compared to 69.2% across Greater Brisbane. Working-age residents had low chronic condition prevalence. The area has 11.0% of residents aged 65 and over (496 people), which is lower than the 15.2% in Greater Brisbane. Health outcomes among seniors were particularly strong, with national rankings even higher than the general population.

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 24.7% born overseas. Christianity was the main religion, comprising 51.1%. Judaism was overrepresented at 0.3%, compared to Greater Brisbane's 0.1%.

The top three ancestry groups were English (28.8%), Australian (22.3%), and Irish (11.6%). Notably, New Zealanders were overrepresented at 1.1% versus the regional 1.0%, South Africans at 0.8% compared to 0.6%, and French at 0.7% against 0.5%.

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 is less prevalent at 12.4%. Between 2021 and present, the 15-24 age group has grown from 11.6% to 13.7%, and the 45-54 cohort increased from 15.5% to 16.7%. Conversely, the 5-14 cohort declined from 14.4% to 12.7%, and the 35-44 group dropped from 17.2% to 15.6%. By 2041, demographic projections show significant shifts in Balmoral's age structure. The 45-54 group is projected to grow by 18% (136 people), reaching 890 from 753. Meanwhile, both the 0-4 and 5-14 age groups are expected to decrease in numbers.