West End a Brisbane hotspot for property

October, 2016

West End has been crowned Brisbane's best performing suburb, with research showing prices have jumped 121 per cent over the past 10 years.

A CoreLogic report shows West End's median property price has skyrocketed from $493,000 in 2006 to $1.09 million in May 2016.

Platinum 360 agent Mary Terblanche says the result is not surprising considering West End's blue chip location and reputation as Brisbane's 'culinary and culture capital'.

"West End's appeal is that it is so close to the CBD yet has so much character, making it a vibrant place to live, with a real sense of community," she said.

"The other thing that is driving prices is the scarcity of true riverfront apartments being built for owner occupiers. There is a limited number of riverfront and riverside apartments being developed across Brisbane and those that are largely cater to the investor market."In West End, the focus is on owner occupiers.

"This is certainly the case at Riverside where apartments are much bigger than those in surrounding areas and are designed to capitalise on the West End lifestyle, with beautiful views of the river and city, along with generous living space.

"I'm expecting West End to continue to shine over the coming years as more people look for 'home-style' apartments with proximity to everything Brisbane has to offer."