Ashmont

POSTAL CODE: NSW, 2650

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains ASHMONT, 2650 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that ASHMONT, 2650 obtained a 9.76% growth over a ten-year period. It ranks 103rd on our list of suburbs that property investors should look into.

ASHMONT, 2650 in NSW belongs to the local government area of Wagga Wagga.

ASHMONT, 2650 has a capital gain of 19.54% for the past year, which is lower than average compared to its 118.16% growth within a five-year period.

With the median home price in ASHMONT sitting at $498,500, and the average rent at $450, property owners could potentially earn a 4.69% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in ASHMONT are low, as opposed to average gains per annum over the past five years.

Homeowners and real estate investors betting on ASHMONT, 2650 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 15.25%.

A steady increase in median property prices over a five-year period in ASHMONT, 2650 translates to a 51.16% capital gain.

Property investors enjoyed capital gains of 15.25% over the last 12 months in ASHMONT, translating to lower returns compared with its peers in NSW.

ASHMONT, 2650 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $325,000.

Profits due to an upward trend in home prices in ASHMONT, 2650 averaged 17.05% per annum over a 3-year period.

Home owners selling their properties and realtors in ASHMONT usually have to wait an average of 31.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $340 mark, reflecting a 5.44% increase in returns based on the current median price in ASHMONT.

ASHMONT, 2650 places 91st in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$498,500	$325,000
Growth Report
Median Quarterly	4.95%	4.84%
Median 12 month	19.54%	15.25%
Median 3 years	27.82%	51.16%
Median 5 years	118.16%	96.97%
10 years average annual	9.76%	14.57%
Weekly media advert. rent	$450	$340
Time on Market	53 days	31.8 days
Gross Rental Yield Percent	4.69%	5.44%

Demographics (Median Values)*

Total Population 56974

Weekly Household Income 1349

Household Size 2.50

Average Age 36

Monthly Loan Repayment 1521

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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