Suburb Profile Report for West End QLD (4101)

West End House: Median price $1,030,500, Annual capital growth 7.37%, Number of sales 48, Weekly median advertised rent $650

West End Unit: Median price $541,000, Annual capital growth 2.49%, Number of sales 221, Weekly median advertised rent $490

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in West End has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.05%

Across a shorter period, West End, 4101 has seen a median price increase of -4.58% over the last quarter.

At number 796th of QLD’s most discounted properties, West End is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Renters in Suburb are facing rents around $7800 per annum or $650 every week.

West End has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.39% to date .

Across a shorter period, West End, 4101 has seen a median price increase of -1.46% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that West End is offering property investors an average of -5.97. This rate of discount on properties puts Suburb at number 107th in terms of most discounted suburbs in QLD

Using the current median advertised rental of $490 and the average annual increase in value of a median property of 2.49%, investors should hope to achieve an overall return of 4.71%

Nicole Tam Information supplied by:

Nicole Tam
Ironfish

M 07 3166 0888
O

W www.ironfish.com.au
E brisbane@ironfish.com.au
Property value increases in West End have tracked just higher than the QLD average of 0.32% over the last 12 months.
The five-year average increase in median property values for West End,4101 has given property investors a potential capital gain of -3.99% across each of those five years.
West End, 4101 is offering QLD ‘s 430th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this QLD.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 6.96%, investors should hope to achieve an overall return of 3.71%Full summary
Property value increases in West End have tracked just higher than the QLD average of 0.32% over the last 12 months.
 
The five-year average increase in median property values for West End,4101 has given property investors a potential capital gain of -3.99% across each of those five years.
 
West End, 4101 is offering QLD ‘s 430th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this QLD.
 
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 6.96%, investors should hope to achieve an overall return of 3.71%
 
Selling points:
  • Location (Brisbane inner city)
  • Vacancy rate 2.3%1 (March 2013)
  • Rental return 5.87%2 (South Brisbane units over the last 12 months)
  • Median rent at $465 per week3 (South Brisbane units)
  • Increasing population growth
  • Strong demand
South Brisbane is Australia No. 1 investment pick by ‘Your Investment Property’ magazine, due to the high demand for inner city rentals with a very low supply of rental stock. 
 
Most sought-after properties: Apartments
 
Most common properties: Apartments and Houses
 
Top amenities:  Southbank Parklands, Mater Hospital, Brisbane State High, Griffith Conservatorium of Music, Southbank TAFE, Gallery of Modern Art, QUT and Griffith Universities, Queensland Museum, Qld Performing Arts Centre
 
Local industry and business: Variety
 
Best streets: Boundary St (South Brisbane)
 
Public transport: Extremely well serviced transport infrastructure including train stations, priority busways, ferry services and both pedestrian and bicycle bridges to the CBD.
 
Main arteries:
  • Go Between bridge (completed 2010) linking South Brisbane with the Inner City Bypass and the Airport Link Tunnel
  • $63 million ‘Kurilpa’ pedestrian and bicycle bridge connecting South Brisbane to the Central Business District
  • $40 million upgrade to the ‘Goodwill’ pedestrian/bicycle bridge from South Brisbane to Queensland University of Technology

 

Close
HOUSE UNIT
$1,030,500 $541,000
-4.58% -1.46%
3.05% -3.39%
7.37% 2.49%
$650 $490
48 221
3.28% 4.71%
88.45 85.93

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
Find a mortgage broker in West End QLD
Demographics
Total population 8061
Median household income ($/weekly) 1485
Median age of persons 33
Median housing loan repayment ($/monthly) 2597
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 861 10.7
    25-34 years 2070 25.7
    35-44 years 1249 15.5
    45-54 years 1010 12.5
    55-64 years 795 9.9
    Others 2077 25.8
    Age Group
    Census Count Percent(%)
    Not Married 3379 55.1
    Registered Married 1875 30.6
    Defacto Relationship 883 14.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4563 61.7
    Hong Kong 217 2.9
    Papua New Guinea 275 3.7
    United Kingdom 443 6.0
    Other 606 8.2
    Others 1290 17.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 421 6.0
    Christianity 3331 47.6
    Hinduism 113 1.6
    Islam 186 2.7
    No Religion 2845 40.6
    Others 107 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 218 7.3
    $1,500-$1,999 349 11.7
    $2,000-$2,499 230 7.7
    $2,500-$2,999 375 12.6
    $4,000 or more 220 7.4
    Others 1593 53.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2925 44.6
    Not in the labour force 1708 26.0
    Employed, worked part-time 1364 20.8
    Unemployed, looking for work 341 5.2
    Employed, away from work 223 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 588 13.0
    Professionals 1830 40.6
    Technicians & trades workers 369 8.2
    Community & personal service workers 445 9.9
    Clerical & administrative workers 546 12.1
    Others 733 16.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 393 19.2
    Secondary 328 16.0
    Technical or Further Educational Institution 175 8.5
    University or other Tertiary Institutions 1000 48.9
    Other type of educational institution 92 4.5
    Others 59 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3358 46.9
    Flat, unit or apartment 3213 44.9
    Semi-detached, row or terrace house, townhouse 542 7.6
    House or flat attached to a shop, office 42 0.6
    Improvised home, tent, sleepers out 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1951 60.7
    Being purchased 624 19.4
    Fully owned 595 18.5
    Other tenure type 45 1.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals