Suburb Profile Report for Ashgrove QLD (4060)

Ashgrove House: Median price $870,000, Annual capital growth 6.30%, Number of sales 191, Weekly median advertised rent $515

Ashgrove Unit: Median price $440,000, Annual capital growth 2.59%, Number of sales 51, Weekly median advertised rent $425

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Ashgrove, 4060 have given investors a capital gain of 3.94%. This compares averagely with the 2.11% for QLD as a whole.

The five-year average increase in median property values for Ashgrove,4060 has given property investors a potential capital gain of 31.32% across each of those five years.

Property investors looking for a bargain in Ashgrove should be aiming for at least -5.80% off the asking price, which is the average vendor discount being achieved at the moment.

A $515 per week rent on the median house gives suburb investors a gross yield of circa 3.08%, without taking into account capital value appreciation, which has been averaging out at 6.30%.

Property value increases in Ashgrove have tracked just lower than the QLD average of 1.12% over the last 12 months.

Taking the average capital gain, or increase in median house value, Ashgrove,4060 has racked up an average of -3.54% over the period. This ranks it number 1166th 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 -6.39% off the asking price, which is the average vendor discount being achieved at the moment.

At number 894 in a list of fastest selling suburbs, Ashgrove is in the bottom 40% of suburbs in Australia with an average of days on market 86.25 for properties listed there.

Ashgrove, 4060’s gross rental yield is 5.02%

HOUSE UNIT
$870,000 $440,000
2.96% -5.48%
3.94% -3.54%
6.30% 2.59%
$515 $425
191 51
3.08% 5.02%
58.96 86.25

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 12916
Median household income ($/weekly) 2083
Median age of persons 34
Median housing loan repayment ($/monthly) 2340
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1938 15.0
    25-34 years 1687 13.1
    35-44 years 2106 16.3
    45-54 years 1889 14.6
    55-64 years 1258 9.7
    Others 4038 31.3
    Age Group
    Census Count Percent(%)
    Registered Married 4467 48.5
    Not Married 3883 42.1
    Defacto Relationship 866 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 10307 82.7
    Papua New Guinea 354 2.8
    United Kingdom 606 4.9
    United States of America 94 0.8
    Other 379 3.0
    Others 724 5.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 159 1.3
    Christianity 8472 70.7
    Hinduism 73 0.6
    Other Religious Groups 65 0.5
    No Religion 3144 26.2
    Others 70 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 454 11.4
    $2,000-$2,499 379 9.5
    $2,500-$2,999 582 14.6
    $3,000-$3,499 440 11.0
    $4,000 or more 435 10.9
    Others 1710 42.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4406 45.2
    Not in the labour force 2427 24.9
    Employed, worked part-time 2243 23.0
    Employed, away from work 378 3.9
    Unemployed, looking for work 298 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 1077 15.3
    Professionals 2655 37.8
    Technicians & trades workers 577 8.2
    Clerical & administrative workers 1044 14.9
    Sales 571 8.1
    Others 1099 15.6
    Occupation
    Census Count Percent(%)
    Pre-school 223 5.7
    Infants/Primary 1325 33.7
    Secondary 1022 26.0
    Technical or Further Educational Institution 197 5.0
    University or other Tertiary Institutions 1076 27.3
    Others 93 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10547 87.4
    Semi-detached, row or terrace house, townhouse 366 3.0
    Flat, unit or apartment 1089 9.0
    Caravan, cabin, houseboat 37 0.3
    House or flat attached to a shop, office 20 0.2
    Others 12 0.1
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1735 39.7
    Fully owned 1362 31.2
    Rented 1253 28.7
    Other tenure type 18 0.4
    Tenure Type
Census 2011, ABS
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