Bulimba QLD 4171
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Bulimba: A leafy suburb with a village like atmosphere, ideal for those seeking both tranquility and city proximity.
Bulimba is a vibrant suburb nestled along the Brisbane River, celebrated for its seamless blend of historic charm and contemporary living. This desirable area features scenic parks, diverse dining, and a lively shopping district on Oxford Street, making it a favorite among families and professionals. Its strong community spirit and excellent transport links provide a perfect balance of tranquility and urban accessibility.
Housing in Bulimba varies from charming Queenslander homes to modern developments, catering to a range of preferences and lifestyles. The suburb’s safety, amenities, and beautiful riverside setting make it a prime location for those looking to invest in Brisbane’s property market.
Education, Social Economics, and Lifestyle
Bulimba is home to reputable educational institutions. Bulimba State School is a highly rated public primary school with a student-to-teacher ratio of 16:1, focusing on strong academic outcomes and providing a supportive learning environment. Additionally, Sts Peter and Paul’s School is a noted private Catholic primary school in the area, known for its committed approach to student education. These schools contribute significantly to the family-friendly reputation of Bulimba.
Bulimba is generally perceived as an affluent suburb. It features a mix of historical and modern homes, many of which are high-value properties. The area is popular among professionals and well-to-do families, which is reflected in its property market and lifestyle offerings. Real estate here tends to be expensive, indicating a higher socio-economic status.
The lifestyle in Bulimba is often described as having a ‘village feel’ within a city. It is known for its clean and safe streets, lush greenery, and a strong sense of community. The suburb hosts various local events, including street festivals, and boasts a range of amenities such as parks, cinemas, and a diverse selection of cafes and restaurants. Residents appreciate the area’s accessibility to the city and the overall quality of life it offers.
Public Transport, Employment, and Crime
Bulimba is well-served by public transport, with efficient bus and ferry services that facilitate easy access to and from the suburb. The key bus routes serving Bulimba include the 230 and 232, while the CITYCAT ferries offer convenient connections along the river. Notably, the Bulimba to Teneriffe Cross River Ferry provides essential links across the river. These services operate from early morning to late at night, ensuring residents and visitors can move conveniently around Brisbane.
Employment opportunities within Bulimba are primarily driven by the retail, food service, and small business sectors, concentrated around Oxford Street, the suburb’s commercial and social hub. Moreover, its proximity to the Brisbane CBD enhances employment prospects, with easy transit for those working in the city or larger business districts. The availability of various local businesses and services also supports a healthy job market in the neighbourhood itself.
Bulimba is considered a relatively safe suburb. However, like any urban area, it experiences some levels of crime, typically minor such as property offenses or occasional vandalism. The local police actively engage with the community, which helps maintain the area’s safety and security. Residents are generally vigilant and cooperative with law enforcement, contributing to the suburb’s overall low crime rate compared to broader metropolitan areas.
Demographics
With a population of 6,842 in 2016, up by 15.2% since 2011, Bulimba shows steady growth. The demographic is predominantly made up of younger adults (30-39 years), with a median age of 37 years. The population is primarily Australian-born, with notable communities from England and New Zealand. The mix of property ownership includes approximately 33% outright, 32% with a mortgage, and 34% renting, reflecting a diverse socio-economic spectrum.
Geographical Overview
Bulimba is known for its attractive riverside lifestyle, but its geographical situation also poses certain flood risks due to its proximity to the Brisbane River. Historically, the area has experienced flooding, notably during significant flood events in Queensland.
Flood Risks
However, it’s worth noting that recent developments and residential properties have been designed with these factors in mind. For instance, many newer homes, such as those on Jamieson Street, are built above the flood levels recorded in 2011 and 2022, indicating a conscious effort to mitigate the risks associated with flooding.
This adaptive approach is evident in the local real estate offerings which highlight properties positioned above known flood levels, ensuring a safer living environment for residents. The area’s flood management strategies and the Brisbane City Council’s flood maps serve as crucial resources for prospective buyers and developers to make informed decisions regarding property investments in Bulimba.
Overall, while Bulimba does have a history of being affected by floods, the community and local authorities have taken significant steps to address these challenges, enhancing the suburb’s resilience and appeal as a desirable place to live.
Market Overview (March 2024)
Metric | Value | Context/Remark |
Typical Price | $1,852,500 | Very high, indicating a premium and highly desirable suburb. |
Median Rent | $997 | High rent, reflecting the suburb’s appeal and amenities. |
Yield | 2.79% | Below the recommended 3%, suggesting lower rental ROI. |
IRSAD | 1121 | Signifies a wealthy area with significant socio-economic advantages. |
Renter/Owner Ratio | 37% | Healthy mix, showing substantial rental market presence. |
Units/Houses Ratio | 48% | High ratio of units, indicating diverse housing options. |
Affordability Index | 61 years | Indicates high property prices, making it less accessible for average earners. |
Stock on Market | 0.23% | Low, pointing to a competitive market with few listings. |
Inventory | 0.5 months | Very low, homes sell quickly, indicating high demand. |
Building Approvals Ratio | 0.91% | Moderate new development, contributing to housing stock. |
Hold Period | 8.53 years | Longer hold periods, suggesting satisfaction or speculation for higher returns. |
Days on Market (DOM) | 22 days | Short, showing fast-moving properties due to high demand. |
Vacancy Rate | 1.43% | Very low, indicating strong demand for rentals. |
Buy Search Index | 3 | Moderate interest in buying within the suburb. |
Clearance Rate | 85.71% | Very high, demonstrating strong sales activity at auctions. |
History and Evolution
The history of Bulimba, stretches back to at least 20,000 years ago with the original inhabitants being the Yuggara people. The area, known in the 1820s as Toogoolawah, began as a farming district before residential subdivisions started in the 1880s during a land boom. Bulimba has seen various developments over the years, including the opening of its first church and school in the mid-19th century, which laid the foundations for the suburb’s community-focused nature.
Conclusion
Bulimba represents an exemplary mix of lifestyle, community, and real estate opportunities, making it a highly desirable suburb for a range of residents. Its blend of modern amenities and historical charm, coupled with a proactive approach to community safety and urban planning, ensures its continued appeal in the Brisbane property market.
Buyers Agent Bulimba
Looking for a dedicated Buyers Agent Bulimba to guide you through the property purchase process? We specialize in finding the perfect property for our clients while removing the stress and hassle from the equation. With access to off-market properties, experiences in property development, and proven negotiation skills, we ensure you get the best deal possible.
Book a free Discovery Call today to learn how we can help you secure your perfect property in Bulimba without the competition and stress.
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Buyers Scout six step property buying process
We make buying a property in Brisbane simple
1. We connect
Whether you’re chasing your first, next or an investment property, we make time to connect and create a brief together. It begins with a search criteria that zooms in on what’s going to tick your happy boxes
2. We locate
Working with your brief and our dedicated search utilising our extensive network for buying a property in Brisbane ensures you have access to the best opportunities, including exclusive off-market listings.
3. We shortlist
We inspect, assess and shortlist potential properties to your online dashboard for review. We then work with our partners to do the right due diligence for you to make an informed decision
4. We negotiate
This is when our expertise of the market and location kicks into third gear. Because we do this day in day out, we know what a home is worth. We also know how to stand our ground and push for a private sale.
5. We buy
Sticking to a budget when there’s an auction hammer and a heap of emotion is understandably no easy task. We stand in the way of poor decisions by buying on your behalf; .
6. We guide settlement
While you start to make plans for your house party celebrations, we liaise with your conveyancer and finance lender, making for a smooth sailing settlement process.