With a capital gain of 20.00% for the last 12 months, Ashgrove, 4060 has performed for property investments than its average annual 5.91% property growth over the last 5 years.
The five-year average increase in median property values for Ashgrove,4060 has given property investors a potential capital gain of 46.34% across each of those five years.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.90% offered to property buyers. Sellers in Ashgrove itself are offering an average vendor discount of -4.85% to real estate investors.
At number 1388 in a list of fastest selling suburbs, Ashgrove is in the TOP 40% of suburbs in Australia with an average of days on market 48.1579 for properties listed there.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 2.60%, without taking into account capital value appreciation, which has been averaging out at 5.91%.
Ashgrove is in the bottom 30% in QLD when comparing median price capital growth over the last year. Ashgrove gave property investors a disappointing capital gain figure when compared to the rest of the state, with 3.10%.
Over the longer term, Ashgrove has seen property prices show investors a 3.49% return over the last 3 years. This is worse than over the last 12 months
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.64% offered to property buyers. Sellers in Ashgrove itself are offering an average vendor discount of -6.34% to real estate investors.
Ashgrove, 4060’s gross rental yield is 4.91%
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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.