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Bulimba

POSTAL CODE: QLD, 4171
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BULIMBA ranks 883rd in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 14.29% for the past year is lower than average compared to its 76.19% growth within a five-year period.

This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.

Also in BULIMBA, the median home price is sitting at $2,220,000, and the average rent at $850, this suggests property owners could potentially earn a 1.99% increase in gross rental yield.

Property investors have seen a 6.22% gain in BULIMBA based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on BULIMBA, 4171 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 14.29%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.77% growth over a ten-year period. It ranks 2115th on our list of suburbs that property investors should look into.

Surburb overview

Bulimba is a riverside suburb located on the southern bank of the Brisbane River, approximately 4 kilometres northeast of Brisbane's central business district. As of the 2021 census, it had a population of 7,623 residents.

The name "Bulimba" is reportedly derived from a Yugarapul word meaning "place of the magpie lark." The Yuggara people inhabited the area for at least 20,000 years before European settlement. In the 1820s, Bulimba, then known as Toogoolawah, was settled as a farming district, with residential subdivision commencing during the 1880s land boom.

Bulimba is well-serviced by public transport, including CityCat ferry services, which stop at two ferry wharves on Oxford Street and Apollo Road. A cross-river service to the Teneriffe ferry wharf also operates from Oxford Street. Transport for Brisbane buses also provide connectivity to Brisbane's CBD and surrounding areas on route numbers 230, P231, and 232.

The suburb boasts various amenities, including parks, cafes, and local shops. Notably, Oxford Street is home to a bustling café and shopping scene, offering residents and visitors a variety of dining and retail options. The Brisbane City Council operates a public library on the corner of Oxford Street and Riding Road, providing resources and community events.

Bulimba State School, established in 1866, caters to primary students from Prep to Year 6. In 2018, the school had 848 students and included a special education program. Another educational institution, Saints Peter and Paul's School is a Catholic primary school located at 33 Alexandra Street, serving boys and girls from Prep to Year 6. In 2018, it had an enrollment of 653 students.

Bulimba's property market is vibrant, offering a range of housing options that cater to various lifestyles and preferences. The suburb's riverside location, proximity to the CBD, and local amenities make it a sought-after area for homebuyers and investors.

Bulimba's historical charm, modern amenities, and convenient transportation options make it a desirable suburb within Brisbane's eastern corridor.

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