Suburb Profile Report for Bulimba QLD (4171)

Bulimba House: Median price $1,170,000, Annual capital growth 4.94%, Number of sales 119, Weekly median advertised rent $670

Bulimba Unit: Median price $585,000, Annual capital growth 3.22%, Number of sales 104, Weekly median advertised rent $475

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Bulimba, 4171 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -3.31%.

Bulimba,4171 has offered an average of -3.31% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bulimba, 4171. Typically our figures indicate that -7.16% is being offered, which puts this QLD suburb at 1173th most discounted overall in Australia.

Property investors should expect to get $670 weekly from the median priced house in this suburb.

With a capital gain of -5.57% for the last 12 months, Bulimba, 4171 has performed for property investments than its average annual 3.22% property growth over the last 5 years.

While Bulimba,4171 ranked number 150th in QLD for increase in median house value (annualised) increase, it is ranked 120th over the last 5 years.

The most recent median price for Bulimba is $585000, with sellers offering an average of -5.21% off the asking price.

Bulimba is 339th on a list of best yielding suburbs for rents in QLD with a 4.22% 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
Metrics i HOUSE UNIT
$1,170,000 $585,000
-0.43% 0.00%
-3.31% -5.57%
4.94% 3.22%
$670 $475
119 104
2.98% 4.22%
80.44 90.04

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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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