Suburb Profile Report for Ashmore QLD (4214)

Ashmore House: Median price $595,000, Annual capital growth 3.37%, Number of sales 202, Weekly median advertised rent $505

Ashmore Unit: Median price $334,000, Annual capital growth 2.49%, Number of sales 143, Weekly median advertised rent $375

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

With a capital gain of 4.39% for the last 12 months, Ashmore, 4214 has performed for property investments than its average annual 3.37% property growth over the last 5 years.

A 34.46% growth in median value for property investors in Ashmore,4214 puts this suburb at number 279th in terms of best performing suburbs in QLD

Property investors looking for a bargain in Ashmore should be aiming for at least -3.13% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Ashmore have been waiting around 14.5 days to sell a property.

Renters in Suburb are facing rents around $6060 per annum or $505 every week.

Ashmore has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 8.35% to date .

While Ashmore,4214 ranked number 149th in QLD for increase in median house value (annualised) increase, it is ranked 109th over the last 5 years.

A $375 per week rent on the median house gives suburb investors a gross yield of circa 5.84%, without taking into account capital value appreciation, which has been averaging out at 2.49%.

Information supplied by:


July 2017

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Ashmore's median unit price remains under $350,000 even with 8.5% growth, and rental returns are coming in at an average of nearly 6%.Full summary

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.

Close
Metrics i HOUSE UNIT
$595,000 $334,000
1.71% 0.60%
4.39% 8.35%
3.37% 2.49%
$505 $375
202 143
4.41% 5.84%
14.5 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 11586
Median household income ($/weekly) 1146
Median age of persons 40
Median housing loan repayment ($/monthly) 1950
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1435 12.4
    25-34 years 1358 11.7
    35-44 years 1650 14.2
    45-54 years 1618 14.0
    55-64 years 1330 11.5
    Others 4195 36.2
    Age Group
    Census Count Percent(%)
    Registered Married 4053 47.3
    Not Married 3595 42.0
    Defacto Relationship 916 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 7617 70.5
    South Korea 128 1.2
    Papua New Guinea 1069 9.9
    United Kingdom 690 6.4
    Other 398 3.7
    Others 903 8.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 219 2.1
    Christianity 7429 72.0
    Islam 51 0.5
    Other Religious Groups 67 0.6
    No Religion 2478 24.0
    Others 69 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 400 10.5
    $600-$799 435 11.4
    $800-$999 374 9.8
    $1,000-$1,249 364 9.6
    $1,500-$1,999 508 13.4
    Others 1719 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3225 36.6
    Not in the labour force 3014 34.2
    Employed, worked part-time 1852 21.0
    Unemployed, looking for work 421 4.8
    Employed, away from work 311 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 616 11.4
    Professionals 983 18.2
    Technicians & trades workers 851 15.8
    Clerical & administrative workers 836 15.5
    Sales 671 12.4
    Others 1436 26.6
    Occupation
    Census Count Percent(%)
    Pre-school 148 5.8
    Infants/Primary 941 37.0
    Secondary 641 25.2
    Technical or Further Educational Institution 226 8.9
    University or other Tertiary Institutions 533 20.9
    Others 57 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8584 80.1
    Flat, unit or apartment 1138 10.6
    Semi-detached, row or terrace house, townhouse 910 8.5
    Caravan, cabin, houseboat 84 0.8
    House or flat attached to a shop, office 4 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1613 38.7
    Fully owned 1336 32.1
    Rented 1119 26.9
    Other tenure type 95 2.3
    Tenure Type
Census 2011, ABS
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