Is Bulimba a Good Suburb To Live In?

Bulimba is a suburb that has steadily gained popularity over recent years, thanks to its charming village feel, bustling Oxford Street, and stunning riverside location, all of which come together to offer a perfect blend for those looking for urban convenience and a relaxed lifestyle. But what is it exactly that makes Bulimba a good suburb to live in?

Bulimba

Below, we’re going to explore this in more detail. We’ll dive into the specifics of schools, house prices, price trends, population, infrastructure, and more to help you gain more of an insight into Bulimba’s appeal.

House Prices

The real estate market in Bulimba is characterised by a mix of heritage homes, modern apartment complexes, and contemporary houses. This variety means that there is something to suit a diverse range of preferences and budgets while the prices reflect the suburb’s desirability and prime location.

Historical Price Trends

Over the past decade, Bulimba has experienced significant growth in property values with an increase of 2.6% in the year from July 2023-July 2024 alone. This continued increase can be attributed to the suburb’s close proximity to the Brisbane CBD, excellent amenities, and picturesque riverside location.

Naturally, the market has seen its ups and downs, but the long-term trend has been upward and the last significant dip was in August 2022, which was just 4%. This makes the Bulimba property market a good choice for both homeowners and investors.

Current Median House Prices

As of July 2024, the current median house price in Bulimba is $1,877,500. This figure is indicative of the high demand for property in the area, driven by its attractive lifestyle offerings. Units and apartments, on the other hand, have a median house price of $826,000, providing more affordable options for those looking to enter the property market or downsize.

Price Trends

When it comes to price trends, the Bulimba property market has shown resilience in the face of broader market fluctuations, maintaining steady growth even during periods of economic uncertainty.

Recent Market Performance

Despite challenges such as the COVID-19 pandemic, which impacted real estate markets worldwide, the property market in Bulimba has demonstrated consistent performance and has maintained its appeal. In fact, since September 2022, house prices in Bulimba have continued to increase, rising from a median house price of $1,800,000 to $1,877,500 across a two-year period.

This can largely be attributed to the strong community vibe here, combined with ongoing developments and infrastructure improvements, which have ensured continued interest from potential buyers and keep the suburb as a highly sought after location.

Future Predictions

Looking ahead, property experts predict that Bulimba will continue to be one of the most highly sought after suburbs in Queensland. The planned developments along the Brisbane River, which include new residential projects and improved public transport links, are expected to further boost property values, while the increasing trend towards remote work is likely to make suburbs like Bulimba, with their urban-suburban feel, even more attractive.

Schools

House prices and trends are obviously important aspects for anyone thinking of making the move to Bulimba, but there are other things to consider. For example, Bulimba is home to several reputable schools that cater to different age groups.

Primary Schools

Bulimba State School is the most notable school in the area, and it has a strong focus on academic excellence, along with a wide range of extracurricular activities that make it a popular choice among local families. There’s also an emphasis on community involvement and student wellbeing here, which further enhances its appeal.

Secondary Schools

While Bulimba does not have its own public secondary school, it is well-serviced by nearby local schools. Balmoral State High School in the adjacent suburb of Balmoral is a short drive away and offers education from Year 7 through to Year 12. This isn’t your only choice, though, and there are several reputable schools in the vicinity, including Lourdes Hill College, Anglican Church Grammar School, and Cannon Hill Anglican College, all of which provide private secondary education.

Population

From young professionals and families to retirees, the population in Bulimba is diverse and reflects its appeal to a broad demographic range, as well as the vibrant, inclusive atmosphere.

Demographics

As of the latest census data, Bulimba has a population of just under 7,500 residents. The median age here is 36 years old, which is slightly younger than the national median, indicating a dynamic and youthful community feel. Families make up a significant portion of the population in Bulimba, drawn by the excellent schools, parks, and family-friendly amenities.

Community and Lifestyle

Bulimba’s community is known for its friendly and welcoming nature, and the local markets, events, and community groups here continue to foster a strong sense of belonging among residents. The suburb’s active lifestyle is also supported by numerous parks, walking tracks, and sports facilities, all of which help to promote a healthy and engaged community.

Amenities and Infrastructure

Bulimba boasts a wide range of amenities and infrastructure that contribute to its high quality of life. From shopping and dining to parks and transport, this family friendly suburb has everything residents need within easy reach.

Shopping and Dining

Oxford Street is the heart of Bulimba’s shopping and dining scene, and this bustling strip is lined with boutique stores, cafes, restaurants, and bars, offering a huge range of options for every taste and occasion. Whether you’re looking for a casual brunch, a fine dining experience, or a night out with friends, you’ll find it here.

Parks and Recreation

Bulimba is blessed with an abundance of green spaces and recreational facilities, including Bulimba Memorial Park, with its playgrounds, sports fields, and picnic areas that make it a popular spot for young families and fitness enthusiasts alike. The nearby Hawthorne Park and Vic Lucas Park also offer spaces for outdoor activities, while the suburb’s riverside location provides opportunities for water-based activities such as kayaking, paddleboarding, and ferry rides.

Transport Links

Bulimba’s public transport links are another major drawcard. CityCat ferry services offer a convenient and scenic way to commute to the Brisbane CBD and other riverside suburbs. There are also several bus routes that service the area, providing easy access to surrounding suburbs and the city centre. Or, if you prefer to drive, Bulimba is well-connected by major roads, making it easy to navigate the wider Brisbane area.

Safety and Environment

Bulimba also ranks well in terms of safety, with low crime rates and there are regular police patrols which, along with a strong community presence, add to the sense of security in the area.

The suburb is also committed to environmental sustainability, and local initiatives such as community gardens, recycling programs, and green energy projects reflect Bulimba’s dedication to preserving its natural beauty and promoting eco-friendly practices. There are also community groups made up of residents who actively participate in conservation efforts, ensuring that Bulimba remains a green and pleasant place to live.

Final Thoughts

With its diverse housing options, excellent schools, and strong community spirit, there’s no doubt that Bulimba is a great suburb to live in, particularly for families. The steady rise in house prices and robust property market are also appealing, while the abundance of amenities and commitment to sustainability mean that Bulimba offers a quality of life that is hard to match.

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