Owners of Bulimba real estate and potential investment buyers should be encouraged by recent increases in property values in the suburb.
Of 178 suburbs in Brisbane, Bulimba was one of 21 pinpointed to see a substantial value increase, according to the Valuer-General's 2014 Property Market Movement Report.
The suburbs of the city of Brisbane collectively recorded an increase of 7.5 per cent during 2013, lifting the median house price from $310,000 to $320,000. However, Bulimba property has seen values increase by 16.7 per cent during this period, lifting the median house price by more than $50,000.
This increase for Bulimba recognises a general surge of values in inner city suburbs and signifies a movement towards urban living.
The final months of 2013 saw heightened activity in the property market indicating confidence has returned to the Brisbane market, which should assist in boosting the value of properties in the inner city suburbs.
Demand for higher-end properties in the Brisbane area is assisting with value increases and market confidence.
The Australia Property Monitors Capital City Housing Report for March cites Brisbane as being in a respectable position for increasing and encouraging buyer activity during 2014.
Anyone interested in houses for sale in Bulimba should consider contacting a local estate agent today.