Now might be a smart time to invest in Bulimba real estate, as property prices in Brisbane are experiencing a year-on-year rise.
New figures from RP Data published for the week ending April 14 reveal that while the median Brisbane property price dipped by 0.4 per cent this week, it is up by 1.7 per cent for the year to date, and 2.3 per cent over the past 12 months.
Currently, the median house price in Brisbane stands at $430,000 for properties sold by private treaty, while the median unit price is $365,000. Private treaty sales, according to RP Data, make up a significant majority of property sales in Australia. So far this year, 427 houses and 94 units have been sold via private treaty.
Meanwhile, a total of 98 properties went under the hammer last weekend (April 13 and 14) in Brisbane, with a 40 per cent clearance rate. The cooler-weather months tend to be slower for auctions overall – but with prices trending upwards, now may be a good time to consider an investment.
If you are thinking about buying Bulimba real estate, contact the team at Ray White Bulimba today and find out how our agents can help you achieve your property goals.