Property investors who have had real estate in Ashgrove, 4060 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.88%
Across a shorter period, Ashgrove, 4060 has seen a median price increase of -1.55% over the last quarter.
The most recent median price for Ashgrove is $857500, with sellers offering an average of -6.97% off the asking price.
Often selling an investment property can take time, and in Ashgrove the average time real estate has been on the market is 68.91 days.
With the median price for a house in Ashgrove being $857500 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 3.15%
Giving property investors a an unimpressive capital gain of -2.22% for the last year, Ashgrove, 4060 is the 1266th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Ashgrove,4060 has racked up an average of -2.22% over the period. This ranks it number 1381th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Ashgrove should be aiming for at least -5.54% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 2.73%, investors should hope to achieve an overall return of 5.20%