Suburb Profile Report for Ashwood VIC (3147)

Ashwood House: Median price $1,380,000, Annual capital growth 8.75%, Number of sales 53, Weekly median advertised rent $480

Ashwood Unit: Median price $848,000, Annual capital growth 7.25%, Number of sales 31, Weekly median advertised rent $485

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

At number 1871th in the list of Australian suburbs ordered by increase in median house value over the last year, Ashwood, 3147 is in the top half with a property value increase of 4.55% recorded in median house prices.

If we look at median property appreciation over just the last three months, Ashwood has given property investors a paper return of -2.13%. This puts Suburb as 577 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Ashwood should be aiming for at least -6.80% off the asking price, which is the average vendor discount being achieved at the moment.

A $480 per week rent on the median house gives suburb investors a gross yield of circa 1.81%, without taking into account capital value appreciation, which has been averaging out at 8.75%.

Ashwood, 3147 ranked 225th in VIC when comparing growth in median property values or capital gain over the last 12 months. Ashwood is one of 2098 in our list for VIC

Across a shorter period, Ashwood, 3147 has seen a median price increase of -3.64% over the last quarter.

Sellers are offering property buyers an average discount of -3.41% to buyers in Ashwood at the moment, which is less than average for the rest of VIC.

In the last year 31 properties changed hands in Ashwood, which puts it as the 219th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $485 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,380,000 $848,000
-2.13% -3.64%
4.55% 4.37%
8.75% 7.25%
$480 $485
53 31
1.81% 2.97%
84 47.4

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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