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Aspley, QLD 4034

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Aspley, QLD 4034 located in Brisbane to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Aspley, QLD 4034”

  1. The total adult population (15 years or older) of Aspley 4034 QLD is 10,700, with a median age of 43. Of those, 49.22% are married, 12.24% are divorced or separated, 31.05% are single and 7.50% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $9,280. The median monthly mortgage repayment for households in this suburb is $2,000 which is 21.55% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Aspley, with a postal code of 4034 in Queensland (QLD), is estimated to be home to about 6,429 households. As of the third quarter of 2023 (Q3 2023), the typical price tag for houses in Aspley is marked at $993,122. Factoring in the median weekly rent of $611, the indicative yield for investors stands at 3.2%. This figure meets the minimal attractive market requirement of above 3%, thus Aspley could be a potentially profitable market to invest in for cashflow-centered property investors.

    The socio-economic standard of Aspley, according to the IRSAD score, is quite elevated at 1050 out of a possible 1217. This suggests that the residents of the area are relatively well-off and have access to sufficient economic resources—a good indicator for potential investors in the area.

    Regarding rental and property demographics, the renter to owner ratio is 24%. This percentage, being well below 30%, suggests a better long-term return potential for property investors due to low market saturation. Moreover, the units to houses ratio is recorded at 4%, a figure that is favourable to investors looking for less competition among landlords and longer tenancy periods.

    However, it’s important to take note of the Affordability Index, which currently sits at 42 years, indicating that it would take a family with median income this long to fully own a property here. This figure surpasses the typical 30-year mortgage period and indicates a slightly decreased level of affordability for potential property buyers.

    In terms of supply, Aspley presents favourable conditions. The stock on market Percentage for houses stands at 0.29%, and the inventory level is at 1.19 months, both indicating that the supply is not excess. Furthermore, the building approvals Ratio underpins the favourable supply situation with a low figure of 0.18%, showing that there isn’t an excess influx of new buildings under construction.

    The suburb’s demand metrics present a balanced overview. With 47 days on market, conditions lean toward high demand, that is somewhat offset by an average buy search index of 5. The Vacancy Rate—considered across both houses and units—is recorded at 1.76%, which falls into the neutral demand range offering stability.

    Aspley, therefore, based on Q3 2023 figures, could be a potential candidate for prudent property investors, providing an overall favourable environment with balanced supply and demand. Despite the relative lack of affordability, the suburb’s favourable overall supply-demand dynamics and socio-economic factors could make it an attractive proposition for the discerning investor. Investors are also recommended to use resources like the RCS by HtAG Analytics for exhaustive market research.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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