sales volumes dip but house prices rise in West End
During the end of 2008 and beginning of 2009 West End’s house sales again dropped in numbers but grew in value with some of the higher priced property finally coming on to the market. Some of these sales included river-front rambling Queenslanders to raise the median sharply as well as some small sites with townhouse development opportunity.
Quality finished homes which offer buyers the option to move in immediately are in demand whilst demand for renovators seems to have slowed. The median price of apartments grew again with developers heavily changing the face of West End’s river-front, adding plenty of higher end dwellings to attract new residents to the area and those upgrading to apartment living.
The older style apartments are well and truly standing the test of time, attracting attention from first-home owners, single professionals and of course proud, long-term locals.
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