Suburb Profile Report for Bulimba QLD (4171)

Bulimba House: Median price $1,260,000, Annual capital growth 4.34%, Number of sales 98, Weekly median advertised rent $738

Bulimba Unit: Median price $619,750, Annual capital growth 3.43%, Number of sales 109, Weekly median advertised rent $470

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Bulimba has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 5.66% to date .

While Bulimba,4171 ranked number 629th in QLD for increase in median house value (annualised) increase, it is ranked 96th over the last 5 years.

At number 498th of QLD’s most discounted properties, Bulimba is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Bulimba have been waiting around 82.88 days to sell a property.

If you compare the increase in value of investment property in Bulimba, 4171 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 5.67%.

When looking at the potential capital gains offered to property investors over the last 3 years, Bulimba comes in at number 214th in QLD.

Bulimba, 4171 is offering QLD ‘s 196th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this QLD.

With the median price for a house in Bulimba being $619750 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 3.94%

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
$1,260,000 $619,750
-0.98% 0.77%
5.66% 5.67%
4.34% 3.43%
$738 $470
98 109
3.04% 3.94%
82.88 89.74

Source: CoreLogic

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