907/1 Aspinall Street, Nundah QLD 4012
907/1 Aspinall Street, Nundah QLD 4012
Top floor in Circa One | 62sqm internal with balcony | 70% owner-occupied building | walk to Nundah station and village
This unit’s strongest buying case rests on its top-floor position and the building’s high owner-occupier ratio, which together reduce turnover risk and support capital stability. The 62sqm internal size is competitive for a one-bedroom in this corridor, and the recent paint and carpet refresh lowers immediate outlay. The open-plan layout with balcony access and stone benchtops in the kitchen align with what downsizers and professional singles seek. Ducted air conditioning and secure basement parking add convenience that investors also value for tenant retention. The property suits a buyer wanting a low-maintenance foothold in a well-located, well-held building near transport and retail.
The primary risk is that the unit last transacted in 2011, so the current price expectation may not fully reflect market softening in this segment. The local auction clearance rate of 0% signals buyer resistance at current levels, and the wide spread between the search band and lower offer estimates suggests pricing uncertainty. A buyer should treat any guide above the lower end as aspirational and negotiate from a position of local comparables. The 30% rental proportion is manageable but warrants scrutiny of body corporate records for any upcoming levies. For a buyer, this property works best as a long-term hold with stable rental demand or as a personal residence with low ongoing costs.
Detailed Independent Property Report prepared by PropCred Analyst team for 907/1 Aspinall Street, Nundah QLD 4012
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Nundah is a high-growth, undersupplied market dominated by 30-39 year-olds, with median house prices ranging from $1.23M to $1.5M and annual growth between 7.3% and 25%. Demand is driven by significant new project investment ($180.8M) and a critical undersupply, particularly for houses, which sell in just 20 days. Future growth is supported by this pipeline, but key risks include a 22.6% annual drop in house sales, indicating potential rate sensitivity.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
62m²
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