QLD has seen average median house prices change by 2.47% which means that Ashgrove, 4060 has done well for property investors by showing a capital gain of 9.83% over the last year
A 42.70% growth in median value for property investors in Ashgrove,4060 puts this suburb at number 661th in terms of best performing suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Ashgrove is offering property investors an average of -6.61. This rate of discount on properties puts Suburb at number 314th in terms of most discounted suburbs in QLD
The QLD suburb of Ashgrove, 4060 is in the Brisbane local government area.
Property investors who have had real estate in Ashgrove, 4060 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.22%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ashgrove has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -4.96% to buyers in Ashgrove at the moment, which is less than average for the rest of QLD.
Renters in Suburb are facing rents around $5100 per annum or $425 every week.
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