The ASX-listed affordable housing provider has revealed strong performance metrics, highlighting a 20% return on invested capital across its portfolio of more than 1,500 sites in 10 communities.
Speaking at Barrenjoey’s Emerging Property Companies Day, Aspen outlined its strategy of targeting the 40% of Australian households earning under $100,000 annually.
The company’s lifestyle communities offer homes at approximately 30% below the national median house price, with weekly land lease costs under $200 – significantly below the $254 Commonwealth Rent Assistance cap for age pensioner couples.
Aspen emphasised the efficiency of its capital model: when homes are sold, all invested capital (and more) is released, while Aspen retains ownership of the land and ongoing rental income. This capital is then recycled into new developments, fuelling further growth and delivering consistent returns.
Case in point: the Aspen Lifestyle Meadowbrooke community (pictured) in Western Australia, which has been developed at a cost of $6 million – or just $33,000 per home site. In FY25, Aspen expects the community to deliver a total return of $1.4 million, with 10 homes projected to sell at an average price of $410,000. 
In addition to its strong financial performance, Aspen also confirmed to the ASX it has settled its latest acquisition: an 18-hectare accommodation complex in Australind, located 12 kilometres northeast of Bunbury’s CBD.
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