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.