Brighter Buying

Hot spot alert: Aspley units and townhouses grow more than 40%

by Kate Watt, Marketing Manager 26 October 2023

Earlier this year Aspley cracked the top 10 list of suburbs with whopping price growth in unit and townhouse values.

Prices peaked at just above $590,000 in February, representing a 25 per cent increase in value over 12 months, reported Australian Property Investor.

Prices came off the boil a little as the rate rise party slowed growth, but since the middle of this year, we’ve seen prices plateau and start to show signs of an upward swing. Median unit values are currently sitting over $560,000. This represents more than 40 per cent growth over five years.

This suggests there is still good value buying to be had, with room for capital growth as the Brisbane price growth parade continues.

New forecasts from KPMG are tipping price growth in Brisbane of 2.8 per cent by June 2024, and 4.2 per cent in the next 12 months to the middle of 2025, reports The Courier-Mail.

For buyers wanting the convenience of an Aspley location, without the price tag of a house, units and townhouses represent good buying. Median house prices in Aspley are currently pushing towards $900,000.

If space is not your top priority, then the low maintenance lifestyle and ease of unit living could be a good option to get a foothold in a popular suburb with an affordable price tag.

Aspley offers a thriving commercial and retail hub anchored by the rejuvenated Hypermarket. The Aspley Homemaker Centre is the perfect spot to pick out the furnishings and décor that will make your new unit feel like home.

Add proximity to schools, great transport links, large expanses of parklands and a diverse mix of cafes and food outlets and you’ve got a great lifestyle on your doorstep.

Looking for a lifestyle change in your price range? View our current listings for sale.