The average price of houses in Brisbane increased over the June quarter, indicating that now could be a good time to consider selling your Bulimba real estate when the market is climbing.
According to the most recent Australian Bureau of Statistics (ABS) House Price Index, released August 6, the average house price increased by 1.9 per cent in Brisbane during the last quarter – while increasing 3.7 per cent over the last year.
The overall housing prices in Australia's capital cities increased by 2.4 per cent over the June quarter, bringing the prices to an all-new high according to Diwa Hopkins, economist for the Housing Industry Association (HIA).
"These price developments signal increased activity in the housing market, with lower interest rates an obvious contributor," said Ms Diwa in an August 6 statement.
"Another likely contributor is improved confidence. While still delicately poised, confidence has mainly tracked higher in the financial year 2012/13. This compares with the previous year when pessimism was quite entrenched."
These increases could mean good news for anyone considering putting up their houses for sale in Bulimba. Securing the best return on your home will be easier if you seek the advice and professional help of a real estate agent, so get in contact with the team at Ray White Bulimba!