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Ashgrove, QLD 4060
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,960,000
market range $1.9M-$2.0M
Median Unit
$925,000
market range $900K-$950K
Gross Yield (houses)
2.5%
1yr Growth (houses)
+11.1%
market range +10.0% to +17.5%
Investment snapshot for Ashgrove
Ashgrove has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Ashgrove market and investor summary
Ashgrove (QLD 4060) runs a median house price of $2.0M, with houses yielding a gross 2.5%. House prices have moved +11.1% over the past year and +28.9% over three years. At 1.1% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.5% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.1% and a resident base that is not shrinking.
Living in Ashgrove: people, income and schools
About 13,450 people live in Ashgrove, a number that has held fairly steady over five years. The median age is 38, broadly working-age, and 72% of homes are owner-occupied.
Households here earn a median of about $149,000 a year, or roughly $2,870 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 13.1 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.
There are 65 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 5.1 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 68 for walkability and 11 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 13,450
- +5% over 5yr
- Median age
- 38 years
- Median household income
- $149,000/yr
- Households renting
- 27%
- Family households
- 74%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 65
- avg ICSEA 1145
- Unemployment
- 2.7%
- Distance to CBD
- 5.1 km
- Walk score
- 68/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Ashgrove
View all →Frequently asked questions about Ashgrove
What should I check before investing in Ashgrove?
Ashgrove has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +11.1% in the past year shows strong recent price momentum. 3-year capital growth of +28.9% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Ashgrove?
The median property price in Ashgrove, QLD 4060 is $2.0M for houses and $925K for units.
What rental yield does Ashgrove show?
The gross rental yield in Ashgrove is 2.5% for houses and 3.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Ashgrove?
House prices in Ashgrove are up 11.1% over the past year and up 28.9% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Ashgrove?
The current vacancy rate in Ashgrove is 1.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Ashgrove?
Ashgrove has a population of approximately 13,450 residents, with a median age of 38.
What schools are near Ashgrove?
There are 65 schools within roughly 5km of Ashgrove. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Ashgrove affordable to buy in?
A median house in Ashgrove costs about 13.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Ashgrove's population growing?
The population of Ashgrove has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Ashgrove from the CBD?
Ashgrove is about 5.1 km from the CBD.
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