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7% Gross Returns for Brisbane Real Estate

By Adrienne McTavish

Investors considering real estate in Bulimba will be thrilled to learn that rental properties are performing particularly well in the Queensland capital city, according to the newest statistics from Rismark and RP Data.

According to new May 1 figures from RP Data, rental prices are on the rise in most Australian capitals, with national housing rents rising 1.4 per cent and unit rents increasing by 1.3 per cent overall.

In Brisbane, rental yields were up 4.7 per cent for houses and 5.6 per cent for units – heartening news for anyone who may have been on the fence about Bulimba real estate investment in the wake of the GFC.

April figures from the Real Estate Institute of Queensland (REIQ) also back up this trend. Citing figures from the Australian Bureau of Statistics, REIQ president Anton Kardash asserted that investor activity in the sunshine state rose by ten per cent between January and February this year.

If you are keen to make a move in Bulimba, the skilled agents at Ray White Bulimba can help you through the process of making your investment. We even offer a property management service, which can help free up your time for other matters and help maximise your returns.

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