West End || Market Report

Less than 1 km from Brisbane’s CBD, West End continues to interest buyers with its village-like feel and increasing urban renewal. A multicultural hub, West End attracts a wide variety of residents – including families, students and affluent professionals – who like to shop, eat and drink locally.

If you have some spare time on a Saturday, get your friends together and join the West End Day Safari with Foodi, a 3.5- hour tour of the suburb’s bustling café scene and gourmet delights against its alternative and vintage backdrop. Or go it along and explore the vibrant mix of culture and people at the Boundary Street Markets on a Friday night, or during the day on Saturday and Sunday.

West End has seen a 51% increase in the median sales price of houses over the past 5 years. 107 properties have been sold in West End over the last quarter, with buyers paying between $787,000 and $3.3 million for houses, and between $210,000 and $1.35 million for units. 102 new listings have been made in the last month. Demand for properties in West End is average, with 196 visits per property recorded by realestate.com.au.

The West End rental vacancy rate for the last quarter is high at 8%. The last quarter has seen a decrease in median weekly rent trends for houses and an increase for units. The median rental prices for houses over the past 12 months is $568 per week and $463 per week for units. A surplus of apartment complexes in the suburb means that potential tenants are spoiled for choice when it comes to selecting their place of residence.

Looking to Buy?

Share this article
Previous Post
Next Post