There's good news for anyone with an interest in Bulimba real estate, as the latest Australian Property Index figures have shown a strong residential property outlook for the city and many areas throughout the country.
The 31st API Australian Property Directions Survey has highlighted Brisbane as a strong performer in the residential market, with respondents predicting its commercial property will improve over time.
People who took the survey believe the improvements in the residential property market would continue over the next two years, and 70 per cent think the changing Australian dollar will positively impact foreign investment in domestic property.
As for the nitty gritty details, the Brisbane commercial property market is currently at the bottom of a cycle and will advance along this level in the coming two years. Its retail property has commenced an upswing and will remain in a similar stage next year.
Strong performances will develop over the next two years for Brisbane city's industrial and residential classes of property, which are predicted to outperform commercial and retail markets.
Anyone looking to take advantage of the favourable conditions by purchasing houses for sale in Bulimba can get in touch with the team at Ray White Bulimba to discuss the next step.