Suburb Profile Report for Bulimba QLD (4171)

Bulimba House: Median price $1,170,000, Annual capital growth 5.41%, Number of sales 122, Weekly median advertised rent $625

Bulimba Unit: Median price $570,000, Annual capital growth 3.61%, Number of sales 103, Weekly median advertised rent $490

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Bulimba has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.85%

Over the longer term, Bulimba has seen property prices show investors a 25.74% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Bulimba should be aiming for at least -6.12% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 10.17 sales per month, which equates to 122 per year.

A $625 per week rent on the median house gives suburb investors a gross yield of circa 2.78%, without taking into account capital value appreciation, which has been averaging out at 5.41%.

Property investors who have had real estate in Bulimba, 4171 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.48%

A 11.44% growth in median value for property investors in Bulimba,4171 puts this suburb at number 325th in terms of best performing suburbs in QLD

Sellers are offering property buyers an average discount of -4.19% to buyers in Bulimba at the moment, which is less than average for the rest of QLD.

Bulimba is 323th on a list of best yielding suburbs for rents in QLD with a 4.47% return

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
$1,170,000 $570,000
-3.31% -5.39%
6.85% -6.48%
5.41% 3.61%
$625 $490
122 103
2.78% 4.47%
76.54 79.6

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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
Chart Table
Recent sales & rentals