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Ashwood

POSTAL CODE: VIC, 3147
HOUSE
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Property investors have seen a 0.34% gain in ASHWOOD based on an increase in median home prices for the past three months.

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

The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,485,000

Profits averaged -1.33% per annum over a 3-year period, due to an downward trend in home prices in ASHWOOD, 3147.

This means, real estate investors could earn a rental income of $700 based on current median home prices for the suburb.

The gross rental yield in ASHWOOD, 3147 is 2.45%.

An average of 6.33 real estate transactions take place per month in ASHWOOD which translates to 76 per annum.

Surburb overview

Ashwood is an inner-south-eastern suburb of Melbourne located within the City of Monash. The suburb is positioned about 14 kilometres south-east of the Melbourne central business district and is bordered by Ashburton, Chadstone, Mount Waverley and Burwood.

Ashwood recorded a population of approximately 7,800 residents at the 2021 census, reflecting steady growth and a predominantly residential character. 

The demographic profile includes families, professionals, and older residents, with household incomes and home-ownership rates close to or above metropolitan averages. The median age is slightly higher than the Melbourne average, indicating a stable population with a mix of long-term residents and newer households.

Housing in Ashwood is primarily made up of detached houses on traditional suburban blocks, alongside an increasing number of townhouses and low-rise apartment developments. Residential density is higher near major roads and activity centres, while quieter interior streets retain a conventional suburban layout.

Public transport access is limited compared with inner suburbs, with no railway station located within Ashwood itself. The nearest train stations are Ashburton, Burwood, and Holmesglen, providing connections to the metropolitan rail network.

Bus routes operate along Warrigal Road, High Street Road and surrounding arterials, supporting local travel and links to nearby centres. Road access is a defining feature, with Warrigal Road, High Street Road and the Monash Freeway providing north–south and east–west connections across Melbourne’s south-east.

Local shopping and services are concentrated along Warrigal Road, where residents can access supermarkets, cafés, takeaway food and everyday retail. Additional retail and employment opportunities are available nearby at Chadstone Shopping Centre, one of Melbourne’s major commercial precincts.

Educational facilities in and around Ashwood include several primary schools, as well as access to secondary schools and tertiary institutions in neighbouring suburbs.

Recreational amenities include Gardiners Creek parklands, local reserves and shared walking and cycling paths that run through the suburb. Parks, playgrounds and sporting facilities support informal recreation and community use rather than large-scale sporting venues.

Ashwood’s character is shaped by its residential focus, road-based connectivity and proximity to major retail and transport corridors in Melbourne’s inner south-east.

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