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Balmoral is an urban locality in the suburb of Mosman in Sydney, New South Wales, Australia. It is in the local government area of the Municipality of Mosman and is part of the Lower North Shore.The locality is mostly known for its beach, officially divided into Balmoral and Edwards Beaches. Expensive residential real estate on the surrounding "Balmoral Slopes" benefits from the views and beach proximity. The naval depot HMAS Penguin is situated at the eastern end of Balmoral Beach. It houses a naval hospital and is accessed from Middle Head Road.