Suburb Profile Report for Ashwood VIC (3147)

Ashwood House: Median price $1,251,000, Annual capital growth 11.65%, Number of sales 79, Weekly median advertised rent $455

Ashwood Unit: Median price $750,000, Annual capital growth 7.34%, Number of sales 53, Weekly median advertised rent $443

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.96% which means that Ashwood, 3147 has done well for property investors by showing a capital gain of 9.74% over the last year

Over the longer term, Ashwood has seen property prices show investors a 62.47% return over the last 3 years. This is worse than over the last 12 months

Often selling an investment property can take time, and in Ashwood the average time real estate has been on the market is 27.28 days.

Situated 13.26km from the CBD, Ashwood is one of Monash localities in the postcode 3147.

Property investors who have had real estate in Ashwood, 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 6.69%

If we look at median property appreciation over just the last three months, Ashwood has given property investors a paper return of 3.02%. This puts Suburb as 97 on a list of fastest fasting appreciating suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.07% offered to property buyers. Sellers in Ashwood itself are offering an average vendor discount of -4.62% to real estate investors.

In the last year 53 properties changed hands in Ashwood, which puts it as the 170th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $442.5 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,251,000 $750,000
1.71% 3.02%
9.74% 6.69%
11.65% 7.34%
$455 $443
79 53
1.89% 3.07%
27.28 39

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 6061
Median household income ($/weekly) 1285
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 657 10.8
    25-34 years 922 15.2
    35-44 years 890 14.7
    45-54 years 835 13.8
    55-64 years 621 10.2
    Others 2136 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 2189 48.0
    Not Married 2054 45.1
    Defacto Relationship 313 6.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3747 64.9
    Croatia 367 6.4
    Indonesia 190 3.3
    United Kingdom 183 3.2
    Other 311 5.4
    Others 973 16.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 244 4.4
    Christianity 3342 60.3
    Hinduism 163 2.9
    Other Religious Groups 91 1.6
    No Religion 1562 28.2
    Others 137 2.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 174 8.6
    $400-$599 206 10.2
    $1,500-$1,999 216 10.7
    $2,000-$2,499 171 8.4
    $2,500-$2,999 207 10.2
    Others 1053 51.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1812 37.9
    Employed, worked full-time 1743 36.5
    Employed, worked part-time 903 18.9
    Unemployed, looking for work 169 3.5
    Employed, away from work 150 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 420 15.0
    Professionals 854 30.5
    Technicians & trades workers 326 11.7
    Clerical & administrative workers 417 14.9
    Sales 243 8.7
    Others 536 19.2
    Occupation
    Census Count Percent(%)
    Pre-school 117 7.9
    Infants/Primary 437 29.4
    Secondary 338 22.8
    Technical or Further Educational Institution 181 12.2
    University or other Tertiary Institutions 372 25.1
    Others 39 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4679 82.7
    Semi-detached, row or terrace house, townhouse 615 10.9
    Flat, unit or apartment 337 6.0
    House or flat attached to a shop, office 29 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 792 36.5
    Being purchased 686 31.6
    Rented 680 31.3
    Other tenure type 13 0.6
    Tenure Type
Census 2011, ABS
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