The latest RP Data-Rismark Hedonic Home Value Index for April has highlighted the stabilising of the national capital city property market, which could offer good opportunities for first home buyers interested in purchasing Bulimba real estate.
Following explosive growth over the first quarter of 2014, April signalled a cooling down of this process to a more stable pace. For example, Brisbane was the second strongest over the month, seeing values rise by 1.1 per cent. While growth is slowing down, this could present a great opportunity for first home buyers looking into houses for sale in Bulimba.
RP Data Economist Tim Lawless said this drop was a positive sign following concerns that the level of growth being maintained across Australia was approaching an unsustainable level.
"The reduction in the rate of capital gains across the combined capital cities housing market brings growth back into a more sustainable range and will be a welcome relief for first home buyers," said Mr Lawless in a May 1 statement.
The median dwelling price in Brisbane is currently resting at $450,000, which could offer a tangible target for buyers across the Queensland capital to reach.