Investment property in Ashmore has done pretty 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 -5.46%
The five-year average increase in median property values for Ashmore,4214 has given property investors a potential capital gain of 15.98% across each of those five years.
Our latest figures would indicate that property sellers in Ashmore are currently offering property investors an average price cut of -6.40% below the asking price at the moment.
Ashmore, 4214’s gross rental yield is 4.99%
Property value increases in Ashmore have tracked close to the QLD average of -0.57% over the last 12 months.
Comparing Ashmore,4214 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Ashmore is $338750, with sellers offering an average of -3.61% off the asking price.
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In the suburb of Ashmore, the unit market is looking like a good deal for investors given its very high yields, affordability and growth potential.
The median unit price remains under $350,000 even with 8.5% growth, and rental returns are coming in at an average of nearly 6%. The suburb has also been maintaining a positive growth trend throughout the recent five-year period, being part of the thriving Gold Coast region.
Ashmore has a lot of appeal for residents because of its proximity to the employment hub at Southport CBD, which is home to Chinatown, several schools, Griffith University and plenty of retail and commerce. Ashmore itself has several small shopping centres and various dining establishments.