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Is Bulimba real estate attracting overseas investors?

Bulimba real estate attracts a host of buyers from different backgrounds and it seems international investors may soon be added to the mix.

Results of the latest Australian Property Institute (NSW Division) Australian Property Directions Survey, which gauges what's going on in markets throughout the country.

Respondents in Brisbane were asked what the main drivers of house price growth and demand are at the moment, with a large proportion (68 per cent) highlighting the role of overseas investors.

They explained how international buyers had played a significant to very significant role in October, while just five per cent of those polled claimed foreign investment impact was insignificant.

Just over a quarter (27 per cent) had witnessed a neutral impact on the Brisbane property market.

The RP Data CoreLogic Home Value Index showed how property values in Brisbane increased 0.7 per cent in September and 0.6 per cent over the previous three-month period.

RP Data's head of research Tim Lawless explained price growth is moderating in many of the country's capitals, which will no doubt bring good news to buyers.

He believes one of the biggest tests for the market will be to see whether excess stock levels are bought up now the weather has started to improve across the nation.

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