Aspley Property Market Shows Brisk Activity, Strong Growth

A significant number of suburbs in Brisbane have shown strong performance in the property market, including the family-friendly suburb of Aspley where the median prices for houses and units have risen and average days on market reflect brisk buyer activity.

House Price Growth

Data from Property Market Updates show a 9.67 per cent increase in Aspley’s house price for the period of July 2020 to June 2021, pulling its median house price up to $680,000. The data also reflects a quick turnaround in buyer activity as houses stayed an average of only 33 days on the market. 

Some 223 properties were sold during the said period as families put “access to top schools” as their foremost criteria for house-hunting, regardless of their budget. Many are drawn to Aspley because of the popularity of Aspley State School or Aspley East State School. These two educational institutions rank within the top 25 per cent of good schools across Queensland, retaining their over 90 score over the years, according to Better Education. 

Photo Credit: Property Market Updates

Along the tree-filled streets of Roebig Street, a 978-square metre house sold for $1,375,000 in February 2021, the highest price within the 12-month period from July 2020 to June 2021. Featuring emerald granite floors, high ceilings, and a commercial-grade kitchen space, this spacious family home has multiple living areas for entertaining and recreation, and bedrooms with its own private balcony. 

The house is a short drive to Aspley State School and several secondary schools, and is within walking distance of several bushland walking trails in the north for outdoor activities. It is also very close to convenient shopping sites with a diversity of options, such as the Aspley Hypermarket. All these underscore the value placed by people on homes near good schools, recreational places, and lifestyle amenities.

Unit Price Growth

Moderately more robust than the housing market, Aspley’s unit market has grown by 12.70 per cent. Although Aspley is not traditionally a unit demographic as buyers in the suburb tend to look for houses first, savvy buyers consisting mostly of downsizers, retirees, and renters keen on low maintenance homes were quick to snap up value-packed two to three-bedroom apartments, pushing the median unit price up to $415,000 for the period ending June 2021. 

Photo Credit: Property Market Updates

Some 51 units sold during this period, with transactions lasting an average of 45 days on market.

About Aspley

Some 13 kilometres away from the CBD, Aspley is an entrenched location with access to good schools, medical facilities, transportation, and shops like Hypermarket and the redeveloped Robinson Road Marketplace (formerly Aspley Village Shopping Centre). Once a sleepy suburb for mature families and older couples, Aspley has become a burgeoning residential suburb for professionals who work in the city, the Brisbane Airport, or the trade coast precinct, who also have young kids. 

Photo Credit: Google Maps

Active community and sports clubs for both ageing residents and young families abound in Aspley. Urban renewal is happening at every turn. Whilst Westfield Chermside is quite close, residents basically have all they need within their reach. Though there is no railway line in Apsley, an extensive bus network more than makes up for its accessibility. 

“The convenience is amazing, and the people are friendly. We have settled and enjoyed our 7 years in Aspley so far – it is the perfect location to raise a family. NBN connection is excellent, and working from home has been seamless. The kids have friends and other families all around.”

Siobhanr2, Homely

“We moved to Aspley one year ago and this has been such a good decision. We have all the conveniences nearby, the massive Marchant Park, heaps of shopping options, restaurants, cafes, medical centres, bus terminus and inspite of all these amenities you can live on a good-sized block.”

Richa Nahatar, Homely

“Friendly neighbourhood with established gardens. Quite hilly with views over Chermside, Clayfield to the city. We walk/ride everywhere – Westfield Chermside, Aspley village, Marchant Park, kid space, bus stops. We are so lucky to live in such a convenient area.”

Aliwaugh, Homely