QLD has seen average median house prices change by 2.46% which means that West End, 4810 has done well for property investors by showing a capital gain of -13.77% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in West End has fallen somewhat when compared to the 5 year average annual rate.
The most recent median price for West End is $332000, with sellers offering an average of -11.19% off the asking price.
In the last year 50 properties changed hands in West End, which puts it as the 446th most active market in QLD when comparing the number of sales per suburb.
Over the last year, property investments in West End, 4810 have given investors a capital gain of 6.36%. This compares favourably with the 0.15% for QLD as a whole.
While West End,4810 ranked number 277th in QLD for increase in median house value (annualised) increase, it is ranked 310th over the last 5 years.
Vendor discounting in West End is giving property investors an average Vendor Discount of around -14.13%. This puts suburb at number 4th in QLD when ranking the most discounted suburbs.
Using the current median advertised rental of $240 and the average annual increase in value of a median property of -2.63%, investors should hope to achieve an overall return of 7.11%