When you come to look for houses for sale in Bulimba, the chances are you’ll notice that prices have risen over the past few months.
The August RP Data CoreLogic Hedonic Home Value Index shows that values in Brisbane were up 1.3 per cent on the previous three months, suggesting now is a good time for investors to make their move.
RP Data research director Tim Lawless revealed how Brisbane’s property prices have been a little more sustainable than in some other parts of the country.
“Since the beginning of 2009, we have seen values rise by a cumulative 50.1 per cent and 46.1 per cent respectively in Sydney and Melbourne,” he noted.
Brisbane, on the other hand, has only witnessed a 5.3 per cent rise in its property prices, making Bulimba real estate a wise option if you’re in search of an investment.
RP Data believes dwelling values will only continue to rise over the next three months, primarily because of high auction clearance rates and the low interest rate environment.
The group sees the next few weeks as being a testing time for the market, not least as the spring selling season gets into full swing.