Is buying a property in Bulimba a good investment?

Last updated on December 20, 2023

Yes, the analysis of Brisbane's property market is included in our pack

If you've appreciated the riverside charm and relaxed lifestyle of Bulimba, you might have daydreamed about living in this tranquil Brisbane neighborhood, savoring its peaceful ambiance and waterfront views.

Is it a good idea though? What's the current state of the real estate market in that area? Are property values appreciating or depreciating? Are investors seeing returns on their real estate investments? How's the demand for rentals?

We'll answer all these questions for you! When building and updating our property pack for Australia, our team has been researching and surveying this area. In fact, there is significant customer interest in investing there. Therefore, we believe it would be beneficial to include some information about it in our property pack.

Why do property buyers like investing in Bulimba?

Bulimba, a suburb in Brisbane, has become a sought-after location for property buyers for several reasons, each contributing to its unique appeal in the real estate market.

Situated along the Brisbane River, Bulimba offers a blend of scenic beauty and a vibrant lifestyle, setting it apart from other areas in Brisbane.

One of the key attributes of Bulimba is its riverside location. This not only provides stunning views but also creates a tranquil environment that's hard to find in more urban areas of Brisbane.

The presence of the river encourages outdoor activities like boating and riverside walks, which is a major draw for those who love a blend of city and nature.

In terms of its popularity, Bulimba has been on the rise over the past few years. This surge in interest is partly due to its development in terms of residential and commercial spaces.

The suburb boasts a mix of charming old homes and modern apartments, catering to a wide range of tastes and preferences. This architectural diversity is not as prevalent in many other Brisbane suburbs, making Bulimba stand out.

The community vibe in Bulimba is another aspect that attracts buyers. The area is known for its bustling café culture, boutique shops, and local markets, offering a lifestyle that's both relaxed and cosmopolitan. This contrasts with some of the more suburban areas of Brisbane, which might not have the same level of activity and amenities.

Bulimba's popularity is expected to remain steady. Its unique combination of lifestyle, location, and community feel continues to attract a diverse range of people. From young professionals and families to retirees, the suburb offers something for everyone, which helps sustain its real estate market.

However, Bulimba is not without its drawbacks. The popularity of the area can mean higher property prices compared to other Brisbane suburbs, making it less accessible for some buyers.

Additionally, its desirability can lead to increased traffic and congestion, particularly during peak hours or on weekends when the local markets and cafes are bustling.

Another potential downside is the limited public transport options compared to other parts of Brisbane. While there are ferry services and buses, the lack of a train station might be a consideration for those who commute regularly.

Despite these challenges, Bulimba's unique blend of natural beauty, lifestyle amenities, and community atmosphere continues to make it an attractive location for property buyers.

The balance it strikes between a relaxed, riverside setting and a vibrant community life sets it apart from other areas in Brisbane, making it a desirable place to live for many.

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Why is Bulimba a nice place to live?

Bulimba is a place that stands out for its unique blend of lifestyle and culture, making it a particularly nice place to live.

Firstly, the lifestyle and culture in Bulimba are characterized by a relaxed yet vibrant atmosphere. The suburb is nestled along the Brisbane River, which not only provides stunning views but also shapes the leisurely lifestyle here.

The area is known for its café culture, with plenty of cozy coffee shops and eateries lining Oxford Street, the suburb’s main thoroughfare. This street is also home to boutique stores and regular markets, adding to the area’s lively community spirit.

Bulimba's expat community is quite welcoming, with people from different parts of the world calling it home. This diversity contributes to the suburb’s rich cultural tapestry, making it an inclusive and interesting place to live.

When it comes to the cost of living, Bulimba is considered one of the more upscale suburbs in Brisbane. Property prices and rentals here are generally higher than in other parts of the city, reflecting the area's desirability and the quality of life it offers.

In terms of safety, Bulimba is regarded as a safe suburb. Like any urban area, it's always wise to be security-conscious, but overall, the community is secure and family-friendly.

The amenities and facilities in Bulimba are top-notch. For education, there are several reputable schools such as Bulimba State School and St Peter and Paul's School. The suburb doesn’t have a hospital within its borders, but the nearby Princess Alexandra Hospital and Mater Hospital serve the medical needs of residents.

Shopping needs are catered to by local stores and the nearby Hawthorne and Balmoral areas, which offer a variety of shopping experiences.

The quality of infrastructure in Bulimba is also commendable. The roads are well-maintained, and utilities like electricity and water supply are reliable. Internet connectivity is generally good, catering to the needs of both residents and businesses.

Accessibility is another of Bulimba’s strengths. It’s well-connected to the rest of Brisbane.The CityCat ferry service is a popular mode of transport, linking Bulimba to the CBD and other riverside suburbs.

Additionally, there are several bus routes serving the area, though it’s worth noting that there’s no train station directly in Bulimba.

How much does it cost to buy real estate in Bulimba?

If you need a detailed and updated analysis of the prices, rents and yields, you can get our full guide about real estate investment in Australia.

Understanding the cost of buying property in Bulimba, involves looking at various factors, including the types of properties available, market trends, and future developments.

In Bulimba, you'll find a diverse range of residential properties. This includes apartments, traditional Queenslanders (which are iconic houses raised on stumps), modern family houses, and even luxury villas.

The availability of different property types caters to a wide range of preferences and budgets, which is part of Bulimba's appeal.

The properties that are particularly in high demand in Bulimba are often the traditional Queenslanders and family houses. These properties are sought after for their blend of classic charm and spacious living.

Making them ideal for families and those seeking a suburban feel close to the city. Apartments, especially those with river views, are also popular, appealing to professionals and downsizers.

In terms of market dynamics, Bulimba has a mix of both new developments and resale properties. New developments tend to be focused on apartments and townhouses, catering to the growing demand for modern, low-maintenance living spaces. Resale properties, particularly the Queenslanders and larger houses, are also consistently in demand.

Price-wise, the cost per square meter in Bulimba varies widely based on the type and condition of the property. As a general guide, prices can range significantly.

For example, apartments might start from a lower price point, while large, well-located houses, especially those with river views or larger land allotments, can command much higher prices. It's important to note that these figures can fluctuate based on market conditions.

Over recent years, property values in Bulimba have shown a general upward trend. This is due to several factors, including the suburb's desirable location, lifestyle amenities, and the quality of housing available. This trend is also reflective of the broader Brisbane property market, which has seen growth in recent years.

Looking ahead, there are several factors that could impact property values in Bulimba. Any upcoming developments, such as new residential complexes or improvements in infrastructure, can affect prices.

For instance, any major city planning changes or new amenities added to the suburb could increase its appeal and, consequently, property values.

Predicting the real estate market in Bulimba for the coming years involves considering current trends and potential developments. Given the suburb's sustained popularity and the ongoing demand for quality housing, it's plausible that property values may continue to rise.

Factors that indicate a potential increase in value include the continued demand for housing in the area, the limited supply of new land releases (which can drive up prices for existing homes), and the overall appeal of the suburb.

Bulimba's lifestyle amenities, such as its cafes, shops, and riverside location, combined with its proximity to Brisbane’s CBD, make it a continuously attractive option for buyers.

Where is the best area to buy a property in Bulimba?

When considering the best area to buy a property in Bulimba, it's essential to understand that different parts of the suburb offer varied atmospheres, property types, and price ranges.

Bulimba, known for its leafy streets and riverside charm, has several areas each with its unique appeal.

One of the most sought-after areas in Bulimba is close to the river. Properties here often offer stunning river views and a serene environment, typically attracting higher prices due to their desirable location.

The types of properties in these areas range from luxurious modern homes to renovated Queenslanders. Being near the river not only offers a picturesque setting but also provides easy access to the ferry terminals, enhancing the area's appeal.

Another popular area is around Oxford Street, the suburb's vibrant commercial and cultural heart. This area is bustling with cafes, shops, and entertainment options, making it attractive for those who enjoy a lively urban atmosphere.The properties here are a mix of older-style homes and new apartment complexes.

While the prices in this area can be quite high, the convenience of having amenities right at your doorstep is a significant draw for many buyers.

In terms of up-and-coming areas within Bulimba, pockets further away from the river but still within walking distance to Oxford Street are gaining popularity. These areas might offer more affordable options compared to the prime riverfront locations while still providing the lifestyle benefits of being in Bulimba.

Here, you might find a mix of older homes ripe for renovation and newer townhouses or smaller apartment complexes.

If you're looking to buy a property in Bulimba, areas near good schools and parks, like those around Bulimba State School, are always a good choice. These areas are particularly appealing to families and offer a friendly, community-focused atmosphere.

On the contrary, areas closer to the main roads or industrial zones might not be as advisable for those seeking the quintessential Bulimba lifestyle. These areas might experience more traffic, noise, and less of the suburban charm that Bulimba is known for.

However, they might offer more affordable property options for those willing to compromise on location for price.

Here is a summary table to help you visualize better. If you need more detailed data and information, please check our property pack for Australia.

Area	Atmosphere	Property Types	Notable Features
Riverfront	Serene, picturesque	Luxury homes, renovated Queenslanders	Stunning river views, high prices, near ferry terminals
Oxford Street Vicinity	Vibrant, urban	Older-style homes, new apartments	Near cafes, shops, and entertainment
Areas near Bulimba State School	Family-friendly, community-focused	Mix of homes	Near good schools and parks
Pockets away from the river	Emerging popularity	Older homes, new townhouses, apartments	More affordable, still near Oxford Street
Near main roads/industrial zones	Busier, less suburban	Varied property types	More affordable, might have more traffic and noise

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Is there a strong rental demand in Bulimba?

In Bulimba there's indeed a strong rental demand, and understanding the nuances of this market is key for potential landlords and investors.

Firstly, the rental demand in Bulimba is more skewed towards long-term rentals. This trend is due to the suburb's family-friendly nature and its appeal as a residential area rather than a tourist hotspot. Short-term rentals do exist, but they're not the primary market here.

The target demographic for rentals in Bulimba is quite diverse, but a few key groups stand out. Young professionals are attracted to the area for its lifestyle, proximity to the CBD, and vibrant café culture, especially around Oxford Street.

Families are also a significant demographic, drawn to Bulimba for its schools, parks, and community feel.

Additionally, retirees find the suburb appealing for its tranquility and accessibility.

These potential tenants have specific preferences regarding the types of properties they're looking for. Young professionals often seek modern apartments or smaller houses that require low maintenance.

They tend to prioritize properties near Oxford Street or those with easy access to public transport. Families, on the other hand, are more inclined towards spacious Queenslanders or larger homes with yards, preferably close to schools like Bulimba State School or parks.

Retirees might look for single-level homes or apartments that are easy to navigate and close to essential amenities.

In terms of areas within Bulimba, properties close to the river, offering a blend of tranquility and beauty, are highly sought after. However, these properties can be expensive, impacting rental yields.

Areas slightly away from the river but still within easy reach of Oxford Street offer a good balance, potentially providing better rental yields due to their lower purchase prices.

The amenities that can help reduce vacancy and attract tenants include proximity to public transport, especially ferry terminals and bus stops. Properties near cafes, shops, and entertainment options on Oxford Street are also desirable.

For families, being close to schools and parks is a significant draw. These amenities not only make life more convenient and enjoyable for tenants but also add to the overall appeal of the property, making it easier to rent out.

Regarding potential returns on investment, properties in Bulimba can offer attractive yields, although exact numbers can vary.

Generally, the rental yields in Bulimba are competitive, reflecting the high demand for living in the area. The exact return depends on factors like property type, location, and amenities.

Looking at the type of properties gaining more demand, modern, well-located apartments are increasingly popular, especially among young professionals and downsizers. These properties offer the convenience and lifestyle desired by these groups.

For families, larger homes close to schools and parks continue to be in high demand. These properties, while potentially more expensive, can command higher rents, making them a worthwhile investment.

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Is it easy to buy a property as foreigner in Bulimba?

Before we answer the question, please know that we have an article dedicated to the experience of buying real estate as a foreigner in Australia.

Buying a property as a foreigner in Bulimba, Brisbane, involves navigating certain regulations and understanding the local real estate market.

Firstly, Australia has specific regulations for foreign property buyers, overseen by the Foreign Investment Review Board (FIRB). As a foreign buyer, you're required to obtain FIRB approval before purchasing property in Australia.

This process involves an application fee and can take time, so it's important to factor this into your buying timeline.

In terms of the purchasing process in Bulimba, it's similar to buying property elsewhere in Australia. You typically start by searching for properties that meet your criteria, attending inspections, and then making an offer.

If your offer is accepted, you enter into a contract and pay a deposit. The settlement period then follows, which can last several weeks, during which legal and financial due diligence is completed.

There are primary risks associated with property investment in Bulimba that foreign buyers should be aware of. The real estate market can fluctuate, so there's always a risk of market downturns affecting property values.

Additionally, being unfamiliar with the local market trends, property values, and legal requirements can pose challenges.

A common mistake for foreign buyers in Australia is underestimating the importance of due diligence. This includes not only financial aspects but also understanding local zoning laws, property taxes, and ongoing costs like maintenance and management fees.

Another unique aspect in Australia is the prevalence of auctions in the property buying process. Bidding at an auction without understanding the local dynamics and legal implications can be risky.

Working with a local real estate agent or lawyer is highly recommended, especially for foreign buyers. A local agent can provide valuable insights into the Bulimba property market, help navigate the purchasing process, and assist in finding properties that meet your criteria.

A lawyer can ensure all legal requirements are met, especially those specific to foreign buyers, and help with the FIRB application process.

Common exit strategies for property investors in Bulimba include selling the property for capital gain or holding the property to generate rental income. Given Bulimba's appeal, properties here can potentially offer good resale value.

However, it's important to stay informed about market conditions and potential changes in regulations affecting foreign ownership.