Property investors who have had real estate in Ashburton, 3147 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.67%
Ashburton,3147 was ranked 2394 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Ashburton itself are offering an average vendor discount of -14.00% to real estate investors.
In the last year 98 properties changed hands in Ashburton, which puts it as the 264th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $530 weekly from the median priced house in this suburb.
At number 197th in the list of Australian suburbs ordered by increase in median house value over the last year, Ashburton, 3147 is in the top 20% with a property value increase of 15.00% recorded in median house prices.
If we look at median property appreciation over just the last three months, Ashburton has given property investors a paper return of 0.88%. This puts Suburb as 152 on a list of fastest fasting appreciating suburbs in VIC
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 11.05%, investors should hope to achieve an overall return of 2.08%
Central to all amenities, 12km from CBD, family location, period homes, new units and 1950’s concrete homes. Vibrant strip shopping (High St), quality primary schools including Ashburton Primary, Solway Primary and St. Michaels. Recreation clubs and facilities, Gardiners Creek bike trail and Anniversary bike track. Full summary
Information supplied by:
Selling points: Central to all amenities, 12km from CBD, family location, period homes, new units and 1950’s concrete homes. Vibrant strip shopping (High St), quality primary schools including Ashburton Primary, Solway Primary and St. Michaels. Recreation clubs and facilities, Gardiners Creek bike trail and Anniversary bike track.
Most sought after properties: Renovated or original period homes and larger blocks suitable for development in the ex housing commission pocket.
Most common properties: Original post war homes and original concrete homes
Top amenities: Alamein and Ashburton stations (Zone 1), YMCA recreational facility, leading Primary schools (Ashburton and Solway), numerous childcare and support facilities.
Local industry and business: Milk Cloud Cafe, Ashburton Fresh fruit and Vegetable shops, Buxton Real Estate.
Recent changes: Multi unit developments, GPO box office turned into apartments, people renovating existing homes and not moving from area due to convenience.
Best streets: Highgate Gve, Lexia Street, Glen Rd, Marquis St, Annetta Ave and Solway St.
Public transport: Alamein and Ashburton train stations (ZONE 1)
Main arteries: Access to the M1 freeway via High St