Suburb Profile Report for West End QLD (4810)

West End House: Median price $345,000, Annual capital growth -0.63%, Number of sales 53, Weekly median advertised rent $320

West End Unit: Median price $164,000, Annual capital growth -3.75%, Number of sales 22, Weekly median advertised rent $225

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2195th in the list of Australian suburbs ordered by increase in median house value over the last year, West End, 4810 is in the BOTTOM 50% with a property value increase of 4.55% recorded in median house prices.

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.

LACK OF BUYER INTEREST may well be the reason that West End is offering property investors an average of -6.63. This rate of discount on properties puts Suburb at number 59th in terms of most discounted suburbs in QLD

Renters in Suburb are facing rents around $3840 per annum or $320 every week.

West End is in the bottom 20% in QLD when comparing median price capital growth over the last year. West End gave property investors a dismal capital gain figure when compared to the rest of the state, with -7.87%.

Comparing West End,4810 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Property buyers and investors in West End 4810 should be seeing an average reduction in asking price of around -12.28% . This means that West End is holding prices well when compared to other suburbs in QLD.

Residents and property investors in West End have been waiting around 107.06 days to sell a property.

With the median price for a house in West End being $164000 and the advertised rent reaching $225 the gross rental yield for property investors calculates out to be 7.13%

Metrics i HOUSE UNIT
$345,000 $164,000
-1.43% -5.20%
4.55% -7.87%
-0.63% -3.75%
$320 $225
53 22
4.82% 7.13%
85.68 107.06

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 4241
Median household income ($/weekly) 1116
Median age of persons 35
Median housing loan repayment ($/monthly) 1733
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 405 9.5
    25-34 years 826 19.5
    35-44 years 622 14.7
    45-54 years 642 15.1
    55-64 years 470 11.1
    Others 1276 30.1
    Age Group
    Census Count Percent(%)
    Not Married 1585 52.6
    Registered Married 976 32.4
    Defacto Relationship 455 15.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3097 82.0
    Papua New Guinea 137 3.6
    United Kingdom 175 4.6
    United States of America 45 1.2
    Other 125 3.3
    Others 199 5.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 48 1.3
    Christianity 2476 68.6
    Islam 8 0.2
    Other Religious Groups 29 0.8
    No Religion 1038 28.8
    Others 11 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 161 9.9
    $600-$799 151 9.3
    $800-$999 173 10.7
    $1,000-$1,249 179 11.1
    $1,500-$1,999 203 12.5
    Others 752 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1511 46.9
    Not in the labour force 885 27.5
    Employed, worked part-time 522 16.2
    Employed, away from work 152 4.7
    Unemployed, looking for work 151 4.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 492 22.5
    Technicians & trades workers 329 15.1
    Community & personal service workers 249 11.4
    Clerical & administrative workers 296 13.5
    Labourers 232 10.6
    Others 587 26.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 257 34.8
    Secondary 148 20.0
    Technical or Further Educational Institution 81 11.0
    University or other Tertiary Institutions 201 27.2
    Other type of educational institution 28 3.8
    Others 24 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2168 58.4
    Flat, unit or apartment 1184 31.9
    Semi-detached, row or terrace house, townhouse 335 9.0
    Caravan, cabin, houseboat 27 0.7
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 907 52.5
    Being purchased 490 28.4
    Fully owned 322 18.6
    Other tenure type 8 0.5
    Tenure Type
Census 2011, ABS
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