Property investors who have had real estate in Ashburton, 3147 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.82%
If we look at median property appreciation over just the last three months, Ashburton has given property investors a paper return of -1.36%. This puts Suburb as 541 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -6.54% to buyers in Ashburton at the moment, which is less than average for the rest of VIC.
At number 1532 in a list of fastest selling suburbs, Ashburton is just in the top half of suburbs in Australia with an average of days on market 66.06 for properties listed there.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 8.85%, investors should hope to achieve an overall return of 1.86%
Over the last year, property investments in Ashburton, 3147 have given investors a capital gain of 37.48%. This compares very favourably with the 7.50% for VIC as a whole.
A 89.55% growth in median value for property investors in Ashburton,3147 puts this suburb at number 93th in terms of best performing suburbs in VIC
A $455 per week rent on the median house gives suburb investors a gross yield of circa 1.86%, without taking into account capital value appreciation, which has been averaging out at 11.28%.
Central to all amenities, 12km from CBD, family location, period homes, new units and 1950’s concrete homes. Vibrant strip shopping (High St), quality primary schools including Ashburton Primary, Solway Primary and St. Michaels. Recreation clubs and facilities, Gardiners Creek bike trail and Anniversary bike track. Full summary
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Selling points: Central to all amenities, 12km from CBD, family location, period homes, new units and 1950’s concrete homes. Vibrant strip shopping (High St), quality primary schools including Ashburton Primary, Solway Primary and St. Michaels. Recreation clubs and facilities, Gardiners Creek bike trail and Anniversary bike track.
Most sought after properties: Renovated or original period homes and larger blocks suitable for development in the ex housing commission pocket.
Most common properties: Original post war homes and original concrete homes
Top amenities: Alamein and Ashburton stations (Zone 1), YMCA recreational facility, leading Primary schools (Ashburton and Solway), numerous childcare and support facilities.
Local industry and business: Milk Cloud Cafe, Ashburton Fresh fruit and Vegetable shops, Buxton Real Estate.
Recent changes: Multi unit developments, GPO box office turned into apartments, people renovating existing homes and not moving from area due to convenience.
Best streets: Highgate Gve, Lexia Street, Glen Rd, Marquis St, Annetta Ave and Solway St.
Public transport: Alamein and Ashburton train stations (ZONE 1)
Main arteries: Access to the M1 freeway via High St