Bulimba – why wouldn’t you?
Did someone call for waterfront living a few minutes from work? You must have been thinking of Bulimba. One of Brisbane's more desirable real estate locations, it's not hard to see why this suburb is a hit with Brisbanites.
Real estate in Bulimba – the place to be
Bordered on two sides by the Brisbane River, Bulimba takes in sweet afternoon breezes that dispel the lethargic summer heat that Queensland can be known for. The river isn't only a climate-control device and a beautiful outlook, but it's also a great way to get to work. A quick trip from the local ferry building will get you to the CBD in no time.
Having established a beautiful village lifestyle so close to the CBD, Bulimba has become a popular destination for people to hang out and enjoy the sights and sounds of Brisbane's river-side cafes. For those fortunate to own real estate in this suburb, it's hard to imagine they would want to go anywhere else for their coffee fix or an after five drink or two.
Who lives in Bulimba?
2011 Census data shows that the average household in Bulimba has 1.8 children per household, 2.5 people per household and 1.6 motor vehicles per household. This is in comparison to the national average of 1.9, 2.6 and 1.7 respectively.
The median weekly household income is $2,410, compared to the Australian median of $1,234. Census statistics like these indicate a slight skewing to young professionals, while there are still plenty of family homes in the area.
Time to buy or sell real estate in Bulimba?
According to RP Data's Pain & Gain Report released in October, owning a home in the Brisbane Council area is a profit-making business. Of all properties sold in the area, 93.4 per cent made a profit. Of these, the average property had been held by the owner for a period of 10.1 years, and made $150,000.
The few properties that did not make a profit in Brisbane were held for less than five years and on average only lost around $24,000, according to RP Data.
Who knows the market?
For those who want to take advantage of the lifestyle offered in Bulimba or who see houses for sale in the area as an opportunity to build up equity over time, it is imperative that you talk to a local market expert.
The team at Ray White Bulimba is experienced and rearing to go – they have listings ready for your inspection, or would love to help you put your house on the market.
Principal Roger Carr has been selling real estate in Brisbane for years, in fact completing over 200 sales. For confidence in your next property transaction, talk to the team at Ray White Bulimba.