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Ashgrove

POSTAL CODE: QLD, 4060
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Property investors enjoyed capital gains of 11.3% over the last 12 months in ASHGROVE, translating to lower returns compared with its peers in QLD.

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

The suburb posted a 29.73% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $870 based on current median home prices for the suburb.

On average, rents on listings have reached the $870 mark, reflecting a 2.36% increase in returns based on the current median price in ASHGROVE.

ASHGROVE, 4060 ranks 590th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 718th on the list of best yielding suburbs for rental properties in QLD, posting a 2.36% return.

Surburb overview

Ashgrove is a leafy inner-city suburb located approximately 5 kilometres northwest of Brisbane’s CBD. The suburb is known for its charming Queenslander-style homes, hilly terrain, and peaceful environment, making it a desirable location for families and professionals alike. Ashgrove has a population of around 13,045 people, with the predominant age group being 40-49, reflecting its appeal to established families and older professionals.

A mix of traditional Queenslander homes, modern family houses, and an increasing number of apartments characterises the property market in Ashgrove. The median house price is approximately $1,730,000, while units are around $710,000. The rental market is active, with median weekly rents at $725 for houses and $595 for units, providing rental yields of 2.85% and 4.52%, respectively.

Ashgrove offers excellent amenities, including the local Ashgrove Central shopping centre, which features various retail outlets, cafes, and essential services. The suburb is also known for its abundance of parks and recreational spaces, such as the Ashgrove Sports Ground and a network of bike paths, making it an ideal location for those who enjoy an active lifestyle.

The suburb well-services Brisbane’s bus network, providing easy access to the CBD and surrounding areas. Regarding education, Ashgrove is home to several well-regarded schools, including Ashgrove State School and St. Finbarr’s School, making it a popular choice for families.

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