Suburb Profile Report for Ashgrove QLD (4060)

Ashgrove House: Median price $977,500, Annual capital growth 4.29%, Number of sales 162, Weekly median advertised rent $550

Ashgrove Unit: Median price $470,000, Annual capital growth 3.04%, Number of sales 53, Weekly median advertised rent $420

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

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.

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
$977,500 $470,000
-2.25% -1.52%
9.10% 6.82%
4.29% 3.04%
$550 $420
162 53
2.93% 4.65%
51.13 85.22

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Ashgrove QLD
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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Recent sales & rentals