Suburb Profile Report for Bulimba QLD (4171)

Bulimba House: Median price $1,175,000, Annual capital growth 5.18%, Number of sales 118, Weekly median advertised rent $625

Bulimba Unit: Median price $592,500, Annual capital growth 3.96%, Number of sales 94, Weekly median advertised rent $473

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

QLD has seen average median house prices change by 1.98% which means that Bulimba, 4171 has done well for property investors by showing a capital gain of 4.61% over the last year

Bulimba,4171 was ranked 3476 in Australia by increase in median property value over the quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.32% offered to property buyers. Sellers in Bulimba itself are offering an average vendor discount of -5.60% to real estate investors.

In the last year 118 properties changed hands in Bulimba, which puts it as the 184th most active market in QLD when comparing the number of sales per suburb.

With the median price for a house in Bulimba being $1175000 and the advertised rent reaching $625 the gross rental yield for property investors calculates out to be 2.77%

With a capital gain of -1.25% for the last 12 months, Bulimba, 4171 has performed for property investments than its average annual 3.96% property growth over the last 5 years.

Comparing Bulimba,4171 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Bulimba are currently offering property investors an average price cut of -4.23% below the asking price at the moment.

At number 922 in a list of fastest selling suburbs, Bulimba is in the bottom 40% of suburbs in Australia with an average of days on market 85.77 for properties listed there.

The QLD suburb of Bulimba, 4171 is in the Brisbane local government area.

YIP MAG Information supplied by:

YIP MAG
September 2016

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Like in many areas close to the centre of Brisbane, Bulimba’s vacancy rate is higher than landlords would like to see.Full summary Like in many areas close to the centre of Brisbane, Bulimba’s vacancy rate is higher than landlords would like to see.

The latest figures from Real Estate Investar put Bulimba’s vacancy rate at 5.69%; however, there may be some good news for investors in the area, as it has fallen from 8.58% in the past 12 months.

While the high vacancy rate has likely helped push Bulimba’s rental yields down, with houses returning 3% yields and units 4%, those buying in the area may be taking a long-term view of the situation.

Located on the banks of the Brisbane River, Bulimba is a suburb tipped for significant revitalisation, with large areas of waterfront real estate that were previously used for industrial purposes currently being gentrified.

That work will enhance Bulimba’s current reputation as Brisbane’s leading shopping destination.

Working against Bulimba is the lack of public transport in the area.Close
HOUSE UNIT
$1,175,000 $592,500
-3.37% -1.66%
4.61% -1.25%
5.18% 3.96%
$625 $473
118 94
2.77% 4.15%
76.33 85.77

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
Find a mortgage broker in Bulimba QLD
Demographics
Total population 5940
Median household income ($/weekly) 2410
Median age of persons 36
Median housing loan repayment ($/monthly) 2600
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 730 12.3
    25-34 years 1050 17.7
    35-44 years 1167 19.6
    45-54 years 854 14.4
    55-64 years 573 9.6
    Others 1567 26.4
    Age Group
    Census Count Percent(%)
    Registered Married 2011 47.7
    Not Married 1605 38.1
    Defacto Relationship 596 14.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4130 73.0
    Papua New Guinea 236 4.2
    United Kingdom 551 9.7
    United States of America 67 1.2
    Other 215 3.8
    Others 461 8.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 68 1.2
    Christianity 3789 69.6
    Islam 53 1.0
    Other Religious Groups 34 0.6
    No Religion 1469 27.0
    Others 33 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 226 11.2
    $2,000-$2,499 155 7.7
    $2,500-$2,999 420 20.8
    $3,000-$3,499 201 9.9
    $4,000 or more 239 11.8
    Others 781 38.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2428 53.8
    Not in the labour force 1069 23.7
    Employed, worked part-time 745 16.5
    Employed, away from work 143 3.2
    Unemployed, looking for work 126 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 673 20.3
    Professionals 1163 35.1
    Technicians & trades workers 284 8.6
    Clerical & administrative workers 517 15.6
    Sales 257 7.8
    Others 419 12.6
    Occupation
    Census Count Percent(%)
    Pre-school 96 7.1
    Infants/Primary 515 38.0
    Secondary 303 22.3
    Technical or Further Educational Institution 84 6.2
    University or other Tertiary Institutions 310 22.9
    Others 48 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3701 67.4
    Flat, unit or apartment 1363 24.8
    Semi-detached, row or terrace house, townhouse 406 7.4
    House or flat attached to a shop, office 11 0.2
    Caravan, cabin, houseboat 7 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 946 42.7
    Being purchased 780 35.2
    Fully owned 480 21.7
    Other tenure type 10 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals