If you're an investor with Bulimba real estate looking to sell, now could be a fantastic time to make a profit, according to the latest RP Data Pain and Gain report.
The report detailed that 87 per cent of all residential properties that were resold nationwide during the first quarter of 2013 recorded a profit over their original purchase value. The gross profit of these home sales nationwide reached $9.6 billion.
In Brisbane alone, 29.4 per cent of properties resold achieved over 100 per cent profit, while 10.2 per cent achieved between 50 and 100 per cent profit.
RP Data national research director Tim Lawless said in a statement released June 19 that a lower interest rate was creating a market of "consumer confidence" throughout the property market.
"We’re now seeing a lot more activity around sales compared with this time last year," Mr Lawless said.
Properties that recorded a profit were owned for an average period of 9.7 years, while those that achieved more than 100 per cent profit had been owned by investors for 15.4 years – reaffirming capital gain investment as a long term venture.
If you're looking to sell your Bulimba real estate, get in contact with the team at Ray White Bulimba. Their expertise can help to ensure you achieve your property goals with ease!