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Ashburton

POSTAL CODE: VIC, 3147
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Property investments in ASHBURTON did not fare well against the rest of the country last year, registering a median home price decrease of 0.56%.

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

Based on its average 5-year and quarterly capital gains ASHBURTON, 3147 saw average growth in the long term.

Real estate investors could earn a rental income of $825 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 55.5 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,917,500.

ASHBURTON ranks 538th on the list of best yielding suburbs for rental properties in VIC, posting a 2.24% return.

Surburb overview

Ashburton is an inner-south-eastern suburb of Melbourne located within the City of Boroondara. The suburb is situated about 11 kilometres south-east of the Melbourne central business district and sits between Glen Iris, Camberwell, Burwood and Malvern East.

Ashburton recorded a population of just over 7,500 residents at the 2021 census, reflecting its relatively small geographic area and established residential character.

The demographic profile includes families, professionals, and older residents, with household incomes and home-ownership rates above metropolitan averages. The median age is higher than Melbourne's overall median, indicating a stable population with many long-term residents.

Housing in Ashburton is dominated by detached houses on traditional suburban blocks, alongside a growing number of townhouses and low-rise apartment developments. Higher-density housing is generally concentrated near major roads and transport nodes, while interior streets retain a quiet residential feel.

Public transport access is provided by Ashburton railway station on the Alamein line, offering regular train services to the CBD via Camberwell. Tram services operate along High Street Road and nearby arterial routes, supporting east–west travel across the inner south-east.

Road access is facilitated by Warrigal Road, High Street Road and the Monash Freeway, which runs along the suburb’s southern edge.

Local shopping and service amenities are centred around the Ashburton Village strip, which includes supermarkets, cafés, takeaway outlets and everyday retail. Additional retail, dining and professional services are easily accessed in neighbouring suburbs such as Camberwell, Glen Iris and Chadstone.

Educational facilities in and around Ashburton include several primary schools and access to secondary schools in surrounding suburbs.

Recreational amenities are a key feature, with the Ashburton Pool and Recreation Centre providing aquatic and fitness facilities. Gardiners Creek parklands and shared walking and cycling trails run through the suburb, linking local reserves and providing access to broader open space networks.

Sporting ovals, playgrounds and neighbourhood parks support both organised sport and informal recreation.

Ashburton’s combination of transport access, established housing and green spaces shapes its role as a long-standing residential suburb within Melbourne’s inner south-east.

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