It’s great to see townhouses or townhomes in Spring Hill get the prices they are getting as for many years, they were selling for a similar price to apartments. A change in lifestyle is seeing this shift towards townhouses as an alternative to house or apartment living for many reasons.
More and more buyers are seeing the benefits of townhouses. They can offer the benefits usually associated with a house or apartment like having a courtyard, balconies, multi-level living and so on.
Also, many of the townhouses that exist are irreplaceable in that they would not be built today due simply to economics. The yield would be too low for the land area and airspace they occupy. With a townhouse, you get a land component and no-one generally above or below, only on the side (s).
In terms of getting data on townhouses, it does not help that the property data portals such as Core Logic / RP Data do not differentiate between townhouses and apartments, as they lump all properties with a body corporate in the Unit category in their data.
Recent sales of townhouses in Spring Hill include:
- 9/137 St Pauls Terrace, Spring Hill 2 bed, 2 bath, 2 car Sold $1,015,000
- 3/37 Thornbury Street, Spring Hill, 3 bed, 2 bath, 2 car Sold $1,050,000
- 4/37 Thornbury Street, Spring Hill 3 bed, 2 bath, 3 car Sold $1,580,000
- 1/435 Gregory Terrace, Spring Hill 3 bed, 2.5 baths, 2 car Sold $1,350,000
- 6/435 Gregory Terrace, Spring Hill 3 bed, 2.5 bath, 2 car Sold $1,400,000
- 7/435 Gregory Terrace, Spring Hill 3 bed, 2.5 bath, 2 car Sold $1,390,000
- 7/40 Allenby Street, Spring Hill 2 bed, 2 bath, 1 car Sold $835,000.
The market is currently favorable for townhouses in Spring Hill due to the reasons above but especially due to this type of dwelling having a lower price entry point compared to houses.
TOWNHOUSES IN SPRING HILL – TIME IN THE SUN by Jonzun Lee
Jonzun Lee is a trusted Brisbane real estate consultant and Licensed Real Estate Agent. Please contact Jonzun on 0418 885 708 for further information regarding your property needs.
DISCLAIMER The information contained in this article is for general information purposes only and is not to be construed as financial advice or to be relied upon. The information has been collected from various sources such as RP Data.com.au, Realestate.com.au, Domain.com.au, Price Finder as well as other third party sources. Whilst we endeavour to keep the information up-to-date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the article or the information, products, services, or related graphics contained in the article for any purposes. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising out of or in connection with the use of this article.