Suburb Profile Report for Ashfield NSW (2131)

Ashfield House: Median price $1,483,000, Annual capital growth 9.82%, Number of sales 99, Weekly median advertised rent $650

Ashfield Unit: Median price $675,000, Annual capital growth 7.59%, Number of sales 294, Weekly median advertised rent $480

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Ashfield have tracked lower than the NSW average of 7.28% over the last 12 months.

Taking the average capital gain, or increase in median house value, Ashfield,2131 has racked up an average of -2.11% over the period. This ranks it number 383th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ashfield, 2131. Typically our figures indicate that -5.84% is being offered, which puts this NSW suburb at 1961th most discounted overall in Australia.

Often selling an investment property can take time, and in Ashfield the average time real estate has been on the market is 83.74 days.

A $650 per week rent on the median house gives suburb investors a gross yield of circa 2.28%, without taking into account capital value appreciation, which has been averaging out at 9.82%.

Over the last year, property investments in Ashfield, 2131 have given investors a capital gain of -6.25%. This compares very badly with the 5.73% for NSW as a whole.

If we look at median property appreciation over just the last three months, Ashfield has given property investors a paper return of -0.15%. This puts Suburb as 398 on a list of fastest fasting appreciating suburbs in NSW

Property investors looking for a bargain in Ashfield should be aiming for at least -4.98% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Ashfield the average time real estate has been on the market is 70.92 days.

Renters in Suburb are facing rents around $5760 per annum or $480 every week.

Metrics i HOUSE UNIT
$1,483,000 $675,000
-1.30% -0.15%
-2.11% -6.25%
9.82% 7.59%
$650 $480
99 294
2.28% 3.70%
83.74 70.92

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 22190
Median household income ($/weekly) 1314
Median age of persons 35
Median housing loan repayment ($/monthly) 2100
Average household size 2.4
  • Census Count Percent(%)
    20-24 years 1988 9.0
    25-34 years 4956 22.3
    35-44 years 3296 14.9
    45-54 years 2760 12.4
    55-64 years 2091 9.4
    Others 7098 32.0
    Age Group
    Census Count Percent(%)
    Not Married 7964 47.8
    Registered Married 7332 44.0
    Defacto Relationship 1355 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 9000 43.7
    Croatia 3298 16.0
    Indonesia 1216 5.9
    Philippines 562 2.7
    Other 2340 11.4
    Others 4195 20.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 1517 7.7
    Christianity 9612 48.5
    Hinduism 2051 10.3
    Islam 496 2.5
    No Religion 5916 29.9
    Others 227 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 737 9.8
    $1,250-$1,499 667 8.9
    $1,500-$1,999 1057 14.1
    $2,000-$2,499 677 9.0
    $2,500-$2,999 684 9.1
    Others 3694 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 7019 39.6
    Not in the labour force 5991 33.8
    Employed, worked part-time 3258 18.4
    Unemployed, looking for work 831 4.7
    Employed, away from work 605 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 1115 10.2
    Professionals 3336 30.7
    Technicians & trades workers 1136 10.4
    Community & personal service workers 1086 10.0
    Clerical & administrative workers 1691 15.5
    Others 2516 23.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 1120 21.3
    Secondary 972 18.5
    Technical or Further Educational Institution 618 11.7
    University or other Tertiary Institutions 1930 36.7
    Other type of educational institution 384 7.3
    Others 237 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 11267 57.1
    Separate house 6523 33.0
    Semi-detached, row or terrace house, townhouse 1891 9.6
    House or flat attached to a shop, office 65 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3766 47.0
    Being purchased 2157 26.9
    Fully owned 1985 24.8
    Other tenure type 100 1.2
    Tenure Type
Census 2011, ABS
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