Ashburton is in the bottom 20% in VIC when comparing median price capital growth over the last year. Ashburton gave property investors a dismal capital gain figure when compared to the rest of the state, with -12.04%.
Comparing Ashburton,3147 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Ashburton should be aiming for at least -8.60% off the asking price, which is the average vendor discount being achieved at the moment.
The VIC suburb of Ashburton, 3147 is in the Boroondara (C) local government area.
VIC has seen average median house prices change by 0.68% which means that Ashburton, 3147 has done well for property investors by showing a capital gain of -20.22% over the last year
Taking the average capital gain, or increase in median house value, Ashburton,3147 has racked up an average of -20.22% over the period. This ranks it number 1355th in the whole country for real estate investors looking at median house price increases.
Ashburton, 3147’s gross rental yield is 3.56%
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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