Suburb Profile Report for Ashgrove QLD (4060)

Ashgrove House: Median price $960,000, Annual capital growth 4.03%, Number of sales 168, Weekly median advertised rent $580

Ashgrove Unit: Median price $413,750, Annual capital growth 1.49%, Number of sales 46, Weekly median advertised rent $420

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

If you compare the increase in value of investment property in Ashgrove, 4060 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 0.73%.

The five-year average increase in median property values for Ashgrove,4060 has given property investors a potential capital gain of 24.68% across each of those five years.

The most recent median price for Ashgrove is $960000, with sellers offering an average of -4.04% off the asking price.

Property investors should expect to get $580 weekly from the median priced house in this suburb.

Investment property in Ashgrove has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.07%

Taking the average capital gain, or increase in median house value, Ashgrove,4060 has racked up an average of -9.07% over the period. This ranks it number 1338th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Ashgrove is giving property investors an average Vendor Discount of around -4.87%. This puts suburb at number 173th in QLD when ranking the most discounted suburbs.

The QLD suburb of Ashgrove, 4060 is in the Brisbane (C) local government area.

Information supplied by:


July 2018

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An expensive suburb in the heart of Brisbane, Ashgrove is looking to maintain the strength of its house marketFull summary

High prices don’t deter demand

Postcode: 4060

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
Metrics i HOUSE UNIT
$960,000 $413,750
-3.32% -4.67%
0.73% -9.07%
4.03% 1.49%
$580 $420
168 46
3.14% 5.28%
42.28 58.31

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (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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