Question 1

Is Bulimba a nice place to live?

Accepted Answer

Bulimba is an inner-eastern, riverside suburb with a well known village heart along Oxford Street, where cafes, bakeries, restaurants and boutique shops create a lively local feel. Tree-lined residential streets mix classic timber Queenslanders and verandah homes with modern riverside apartments, and riverfront parks, walking and cycling paths plus a regular ferry service shape weekend life. Local schools, community facilities and bus links keep everyday needs close while the suburb retains its neighbourhood character.

Families make up the backbone of Bulimba's household mix. Couple families with children are the largest group at 44.1%, and together with couple families without children (42.6%) they comprise about 86.7% of families. One-parent families account for 11.9% and other families 1.5%.

Bulimba is home to 7,623 people, with a median age of 40. The median total household income is $2,805 a week, roughly $145,860 a year.

Homes in Bulimba are mostly owner-occupied: about 62.5% are held by owners (27.7% owned outright and 34.8% owned with a mortgage), while 37.5% of dwellings are rented.

Question 2

Is it expensive to live in Bulimba?

Accepted Answer

On the figures, buying in Bulimba sits well above what a typical local household earned at the last Census. A median house price of $2,180,000 is about 14.9 times a typical local annual household income at the last Census (weekly income $2,805 × 52 = $145,860), and the median unit price of $1,248,750 is about 8.6 times that annual income. Renting is less stretched: a house rent of $980 a week would take about 34.9% of a typical local household's weekly income at the last Census, while unit rent of $725 a week is roughly 25.8%.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Bulimba a good place to invest?

Accepted Answer

Unit values in Bulimba climbed 19.2% over the past 12 months, a strong rise, while house values also increased 11.3%, another strong gain. Rents moved differently: house rents fell 2.0% over the year, a modest decline, whereas unit rents rose 5.1%, a solid increase.

For someone weighing Bulimba up as an investment, the value figures point to capital growth over the year, particularly for units, while the rent figures show rental income moved in opposite directions for houses and units. If rental income is your priority, the unit side has been the stronger performer this year; if capital growth is the focus, both property types saw value gains, with units rising faster. Whether that makes Bulimba the right choice for you depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$2.18M	$1.25M
Change in value Past 12 months	11.3%	19.2%
Sold Past 3 months	22	14
Median days on market Past 12 months	33	24
Average rent Past 12 months	$980	$725
Change in rent Past 12 months	-2.0%	5.1%

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