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 May 2026, the estimated population of the suburb of Balmoral (Qld) is around 4,528. This figure reflects an increase of 355 people since the 2021 Census, which reported a population of 4,173. The latest ABS data release from June 2025 and validation of 45 new addresses contributed to this estimation. The population density is approximately 3,565 persons per square kilometer, placing Balmoral in the upper quartile nationally according to AreaSearch assessments. Since the Census, Balmoral's population has grown by 8.5%, which is within 0.8 percentage points of the national average (9.3%). Natural growth contributed about 52% of overall population gains recently, with other factors like overseas and interstate migration also positive.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024, based on 2022 data, and Queensland State Government's SA2 area projections from 2023, based on 2021 data, for areas not covered by the former or years post-2032. Future trends suggest a population increase just below the median of statistical areas analysed by AreaSearch, with an expected growth of 237 persons to reach 4,765 by 2041, reflecting a total increase of 5.2% over 16 years.

Recent residential development output has been above average within Balmoral when compared nationally

AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, indicates Balmoral experienced around 26 dwellings receiving development approval annually over the past 5 financial years ending FY-25. This totals an estimated 132 homes. So far in FY-26, 8 approvals have been recorded. Over these 5 years, an average of 1.9 new residents per year per dwelling constructed was observed.

This suggests a balanced supply and demand market supporting stable conditions. The average construction cost value for new homes over this period is $1,112,000, indicating developers are focusing 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 slightly more development, 21.0% above the regional average per person over the 5 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. At around 165 people per approval, Balmoral reflects a developing area. Looking ahead, AreaSearch's latest quarterly estimate projects Balmoral to grow by 237 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

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 16 projects that could impact the area. Notable projects include Bulimba Barracks Urban Renewal Project, 653-655 Wynnum Road Mixed Use Development, VOIR, and LA VUE. The following list details those 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 representation in professional services. The unemployment rate is 2.8%, with estimated employment growth of 1.2% over the past year (AreaSearch data). As of December 2025, there are 2,852 employed residents, with an unemployment rate of 1.3%, lower than Greater Brisbane's 4.1%.

Workforce participation is high at 78.7%. Home workership stands at 31.0% (Census data). Key industries include professional & technical, health care & social assistance, and education & training. Professional & technical employment is notably concentrated at 1.7 times the regional average.

Retail trade has limited presence with 7.4% employment compared to 9.4% regionally. Local employment opportunities appear limited based on Census working population vs resident population count. Between December 2024 and December 2025, employment levels increased by 1.2%, labour force by 1.5%, causing unemployment rate to rise by 0.2 percentage points (AreaSearch analysis). By comparison, Greater Brisbane saw employment growth of 3.2% and a fall in unemployment by 0.1 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest overall employment expansion of 6.6% over five years and 13.7% over ten years. Applying these projections to Balmoral's industry mix indicates local employment growth should be around 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

AreaSearch's latest postcode level ATO data for financial year 2023 shows Balmoral's median taxpayer income is $75,439 and average is $128,641. Nationally, these figures are exceptionally high compared to Greater Brisbane's median of $58,236 and average of $72,799. Based on Wage Price Index growth of 11.36% since financial year 2023, estimates for March 2026 would be approximately $84,009 (median) and $143,255 (average). The 2021 Census data ranks Balmoral's household, family, and personal incomes highly, between the 93rd and 94th percentiles nationally. The largest income segment in Balmoral comprises 31.9% earning $4000+ weekly (1,444 residents), unlike regional trends where 33.3% fall within the $1,500 - 2,999 range. Notably, 45.3% earn above $3,000 weekly. High housing costs consume 15.5% of income, yet strong earnings place disposable income at the 93rd percentile and SEIFA income ranking places Balmoral 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), compared to Brisbane metro's 70.8% houses and 29.2% 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 $1,863. Median weekly rent in Balmoral was $450, compared to Brisbane metro's $380. Nationally, Balmoral's mortgage repayments were significantly higher at $2,729 versus the Australian average of $1,863, and rents were substantially above the national figure of $375.

Balmoral has a typical household mix, with a lower-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 constitute 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, 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 averages. Among residents aged 15+, 47.9% have university qualifications, compared to Queensland's 25.7% and Australia's 30.4%. 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 such qualifications – advanced diplomas at 11.1% and certificates at 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 operating within its boundaries. These are served by a mix of buses on five different routes, providing a total of 501 weekly passenger trips. The area's transport accessibility is rated as excellent, with residents typically located 165 meters from the nearest stop. Most residents commute outward daily. Car remains the dominant mode of transport at 79%, while bus accounts for 6%. Vehicle ownership averages 1.4 per dwelling.

According to the 2021 Census, 31% of residents work from home, which may be influenced by COVID-19 conditions. Service frequency averages 71 trips per day across all routes, resulting in 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. AreaSearch's assessment reveals 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 55.8% across Greater Brisbane and 55.7% nationally.

The most common medical conditions in the area are mental health issues and asthma, impacting 7.7 and 7.5% of residents respectively. Notably, 75.2% of residents declare themselves completely clear of medical ailments, compared to 69.2% across Greater Brisbane. Working-age residents exhibit low chronic condition prevalence. The area has 10.8% of residents aged 65 and over (489 people), lower than the 15.1% in Greater Brisbane. Health outcomes among seniors are 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 dominated the religious scene in Balmoral at 51.1%. Notably, 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%). Some ethnic groups showed notable divergences: New Zealanders were overrepresented at 1.1% versus the regional 1.0%, South Australians 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 years, slightly higher than Greater Brisbane's 36 but equal to Australia's median age of 38 years. The 45-54 age group comprises 16.6% of Balmoral's population compared to Greater Brisbane, while the 75-84 cohort makes up 2.8%. Between 2021 and present day, the 15-24 age group has increased from 11.6% to 13.7%, and the 45-54 cohort has risen from 15.5% to 16.6%. Conversely, the 5-14 age group has decreased from 14.4% to 12.7%, and the 35-44 age group has fallen from 17.2% to 15.8%. By 2041, demographic projections indicate significant shifts in Balmoral's age structure. The 45-54 age group is projected to grow by 19 people, reaching 893 from 751. Meanwhile, both the 0-4 and 5-14 age groups are expected to decrease in number.