Property value increases in Ashgrove have tracked just higher than the QLD average of 2.19% over the last 12 months.
Ashgrove,4060 was ranked 1507 in Australia by increase in median property value over the quarter.
Vendor discounting in Ashgrove is giving property investors an average Vendor Discount of around -5.52%. This puts suburb at number 501th in QLD when ranking the most discounted suburbs.
Advertised rents are around the $550 mark per week – giving a return of 2.88% based on the median price in Suburb
With a capital gain of 0.39% for the last 12 months, Ashgrove, 4060 has performed for property investments than its average annual 2.58% property growth over the last 5 years.
Ashgrove,4060 was ranked 1499 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ashgrove, 4060. Typically our figures indicate that -5.60% is being offered, which puts this QLD suburb at 671th most discounted overall in Australia.
Often selling an investment property can take time, and in Ashgrove the average time real estate has been on the market is 85.38 days.
Renters in Suburb are facing rents around $22360 per annum or $430 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