With a capital gain of 9.10% for the last 12 months, Ashgrove, 4060 has performed for property investments than its average annual 4.29% property growth over the last 5 years.
While Ashgrove,4060 ranked number 674th in QLD for increase in median house value (annualised) increase, it is ranked 211th over the last 5 years.
Sellers are offering property buyers an average discount of -6.89% to buyers in Ashgrove at the moment, which is less than average for the rest of QLD.
Often selling an investment property can take time, and in Ashgrove the average time real estate has been on the market is 51.13 days.
With the median price for a house in Ashgrove being $977500 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 2.93%
Ashgrove, 4060 ranked 79th in QLD when comparing growth in median property values or capital gain over the last 12 months. Ashgrove is one of 2415 in our list for QLD
While Ashgrove,4060 ranked number 233th in QLD for increase in median house value (annualised) increase, it is ranked 126th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Ashgrove is offering property investors an average of -5.73. This rate of discount on properties puts Suburb at number 218th in terms of most discounted suburbs in QLD
Residents and property investors in Ashgrove have been waiting around 85.22 days to sell a property.
An expensive suburb in the heart of Brisbane, Ashgrove is looking to maintain the strength of its house marketFull summary
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High prices don’t deter demand
Median house price: $983,000
Three-year growth: 21.5%
Rental yield: 2.9%
An expensive suburb in the heart of Brisbane, Ashgrove is looking to maintain the strength of its house market.
A price hike of 14.6% was reported in the 12 months to April 2018, bringing the median value close to $1 million. Vacancies are tight in this suburb, with the vacancy rate dropping from 2.1% to 1.9% in the same period, and the average weekly rental rate is $550.
Ashgrove is known for being a leafy suburb. It is a gastronomic melting pot of several cuisines, including Indian, Italian and Japanese. There are several cafes as well, and supermarkets. Families also appreciate the presence of good schools and parks in the area – the establishment of many sports clubs encourages a healthy, active lifestyle.
Ashgrove is served by several council buses heading into the Brisbane CBD.Close