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.
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