Now could be the perfect time to put up houses for sale in Bulimba, with the latest release from the Real Estate Institute of Queensland (REIQ) indicating an increase in the number of sales recorded across the state.
This could be great news for the owners of Bulimba real estate in the coming months, especially those considering selling their homes and earning a potentially positive capital gain before relocating elsewhere.
According to the REIQ Residential Rental Survey, which was carried out during the December quarter, the rental market has seen a slight rise in vacancy rates. However, activity has shifted into the sales market.
REIQ Chairperson Rob Honeycombe said that this was usual for real estate markets, where fluctuations in different sectors occur in cycles.
"Over the past few years, it has been the rental sector which has been the better-performing segment of the market," said Mr Honeycombe in a January 31 statement.
"Now while the sales market returns to healthy levels of activity after a period of subdued volumes, the rental market is experiencing a slight easing of vacancy rates after a long period of tight rental conditions."
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