Are you considering buying a home or investment property in Bulimba? Bulimba Buyers Agent, Matt Reeves has compiled the following suburb profile for your information. Good luck with your Bulimba property purchase!
Bulimba is an affluent, riverside suburb located 4km north east of the Brisbane CBD. The suburb is well known for its trendy cafe and restaurant precincts. Bulimba is bordered by the suburbs of Hawthorne, Balmoral and Morningside.
The population of Bulimba in 2016 was 6,842 and continues to grow. 56% of households in Bulimba are owner occupied and consistent predominantly of professional couples with children.
Bulimba’s main shopping and cafe precinct are located along Oxford St and Riding Rd.
Bulimba has two ferry terminals (Oxford St and Apollo Rd) providing easy access to Brisbane city. Bus services are also available to the CBD.
The area is home to historic Bulimba State School, and is in the catchment area for Balmoral State High School.
Bulimba Riverside Park, Vic Lucas Park and Bulimba Memorial Park are popular recreation and picnic spots.
The Bulimba riverfront is home to many luxury homes and units.
Traffic noise can be an issue for properties on Riding and Lytton roads.
River flooding is a major concern for many properties in Bulimba.Buyers should check the Brisbane City Council Flood Maps to assess the flood risk of specific properties.
Air traffic noise in Bulimba is set to increase with the opening of Brisbane’s second runway and is a significant concern for local residents.
The majority of properties (58%) in Bulimba are units and townhouses.
The suburb includes a mix of timber character homes and contemporary styles.
The median house price in Bulimba is $1,855,000 which is well above Brisbane’s median.
The median house price in Bulimba would typically buy a 4-bedroom, 5-bathroom house on a 672 m2 block.
For example: 3 Eton Street Bulimba QLD 4171 sold for$1,870,000 in 19 Jun 2024 (click to view listing and see images below).
The median unit price in Bulimba is: $815,000.
This amount would typically buy a 2-bedrooms, 2-bathrooms, 2 garage unit in a contemporary complex.
For example: 203/38 Love Street Bulimba QLD 4171– sold for $850,000 in 29 May 2024 (click to view listing and see images below)
Over the last 12 months, house prices have increased by 8.4% per annum.
In the last 5 years the median house price has increased by 58.9%.
Units in Bulimba have seen outperformed houses with more modest price growth of 13.4% over the last years and 63.2% growth in the last 5 years.
**Statistics are accurate for July 2024
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