Ashgrove is an average performer in QLD when comparing median price capital growth over the last year. Ashgrove gave property investors a good capital gain figure when compared to the rest of the state, with 5.64%.
Ashgrove,4060 was ranked 2023 in Australia by increase in median property value over the quarter.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.15%, without taking into account capital value appreciation, which has been averaging out at 4.20%.
Property investors who have had real estate in Ashgrove, 4060 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.67%
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.
On average over the past year, suburb has had 4.00 sales per month, which equates to 48 per year.
Ashgrove is 224th on a list of best yielding suburbs for rents in QLD with a 4.97% return