106/8 Bank Street, West End QLD 4101
106/8 Bank Street, West End QLD 4101
2 bed 2 bath 1 car | 123 m² modern apartment | 2018 build | Brisbane State High catchment | Flood overlay noted
This is a generously sized two-bedroom apartment in a 2018 building, which places it well above the typical older West End stock in both floorplan and finish. The 123 m² internal area is a genuine edge—many comparable inner-city units are significantly tighter—and the secure parking, balcony, and built-in robes make it a comfortable owner-occupier proposition. Its strongest pull is the school catchment combination of West End State School and Brisbane State High School, which consistently drives demand from families who want urban living without compromising on education options. The estimated rent of $850 per week also signals solid investor interest, but the property serves best as a low-maintenance home for professionals, downsizers, or school-catchment buyers seeking a modern, walkable lifestyle near the CBD.
The flood overlay is the factor most likely to shape both insurance costs and buyer appetite, and it should be weighed carefully rather than dismissed. That said, the building is from 2018, which suggests modern construction standards, and the property sits in a dense, established apartment precinct where such overlays are common. The lack of a confirmed floor level or aspect means orientation and outlook remain unknown, and these can materially affect light, privacy, and resale appeal. A buyer should investigate the exact floor, balcony direction, and body corporate fees before forming a final view on price, as these variables could justify a premium or require a discount relative to similar units.
|| Comparable Sales: 301/8 Bank Street (2/2/1, 3rd floor) and 81605/23 Mollison Street (2/2, sold Dec 2023 for $975,000) | Property Price Band: $1.0M–$1.1M | Value Drivers: internal size, school catchment, modern build quality
Detailed Independent Property Report prepared by PropCred Analyst team for 106/8 Bank Street, West End QLD 4101
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
West End, an inner-city Brisbane suburb with rapid CBD access and strong school catchments, continues to attract young professionals aged 20–29, a cohort that helped lift population by 55.5% since 2016. That demographic is driving demand for well-located housing despite steep entry points. House prices rose 10.2% over the past year to a median near $1.9 million, while units grew 19.7% to $910,000. Tight supply—only 40 listings—supports competition and keeps pressure on values. Rental yields remain modest at 2.6% for houses and 4.1% for units, a product of high capital growth. Future gains hinge on transport upgrades and limited land, but affordability is stretched and the premium market is exposed to elevated interest rates.
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PropCred Estimated Value
Comparable Sales: 301/8 Bank Street (2/2/1, 3rd floor) and 81605/23 Mollison Street (2/2, sold Dec 2023 for $975,000) | Property Price Band: $1.0M–$1.1M | Value Drivers: internal size, school catchment, modern build quality
Bedrooms
2
Bathroom
2
Parking
1
Land
2779m²
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