Suburb Profile Report for Ashwood VIC (3147)

Ashwood House: Median price $1,422,500, Annual capital growth 9.26%, Number of sales 67, Weekly median advertised rent $480

Ashwood Unit: Median price $890,000, Annual capital growth 7.70%, Number of sales 39, Weekly median advertised rent $485

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

Source: CoreLogic

  • House Report
  • Unit Report

Ashwood has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.71% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Ashwood comes in at number 35th in VIC.

The most recent median price for Ashwood is $1422500, with sellers offering an average of -10.68% off the asking price.

In the last year 67 properties changed hands in Ashwood, which puts it as the 367th most active market in VIC when comparing the number of sales per suburb.

Situated 13.68km from the CBD, Ashwood is one of Monash localities in the postcode 3147.

Property investors who have had real estate in Ashwood, 3147 should be 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 15.38%

Ashwood,3147 has offered an average of 15.38% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Ashwood should be aiming for at least -3.41% off the asking price, which is the average vendor discount being achieved at the moment.

The VIC suburb of Ashwood, 3147 is in the Monash local government area.

Metrics i HOUSE UNIT
$1,422,500 $890,000
3.96% 4.46%
13.71% 15.38%
9.26% 7.70%
$480 $485
67 39
1.75% 2.83%
84.25 44.7

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 6061
Median household income ($/weekly) 1285
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 657 10.8
    25-34 years 922 15.2
    35-44 years 890 14.7
    45-54 years 835 13.8
    55-64 years 621 10.2
    Others 2136 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 2189 48.0
    Not Married 2054 45.1
    Defacto Relationship 313 6.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3747 64.9
    Croatia 367 6.4
    Indonesia 190 3.3
    United Kingdom 183 3.2
    Other 311 5.4
    Others 973 16.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 244 4.4
    Christianity 3342 60.3
    Hinduism 163 2.9
    Other Religious Groups 91 1.6
    No Religion 1562 28.2
    Others 137 2.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 174 8.6
    $400-$599 206 10.2
    $1,500-$1,999 216 10.7
    $2,000-$2,499 171 8.4
    $2,500-$2,999 207 10.2
    Others 1053 51.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1812 37.9
    Employed, worked full-time 1743 36.5
    Employed, worked part-time 903 18.9
    Unemployed, looking for work 169 3.5
    Employed, away from work 150 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 420 15.0
    Professionals 854 30.5
    Technicians & trades workers 326 11.7
    Clerical & administrative workers 417 14.9
    Sales 243 8.7
    Others 536 19.2
    Occupation
    Census Count Percent(%)
    Pre-school 117 7.9
    Infants/Primary 437 29.4
    Secondary 338 22.8
    Technical or Further Educational Institution 181 12.2
    University or other Tertiary Institutions 372 25.1
    Others 39 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4679 82.7
    Semi-detached, row or terrace house, townhouse 615 10.9
    Flat, unit or apartment 337 6.0
    House or flat attached to a shop, office 29 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 792 36.5
    Being purchased 686 31.6
    Rented 680 31.3
    Other tenure type 13 0.6
    Tenure Type
Census 2011, ABS
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