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Ashwood, VIC 3147

Home » VIC Real Estate Data » Monash City, VIC » Ashwood, VIC 3147

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Ashwood, VIC 3147 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Ashwood, VIC 3147”

  1. The total adult population (15 years or older) of Ashwood 3147 VIC is 5,952, with a median age of 39. Of those, 46.02% are married, 11.48% are divorced or separated, 36.66% are single and 5.75% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $9,940. The median monthly mortgage repayment for households in this suburb is $2,600 which is 26.16% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the state of Victoria, the suburb of Ashwood 3147 is home to an estimated 3,403 households. The housing market in Ashwood has seen median house prices reach approximately $1,600,932 AUD as of Q3 2023. The median weekly rent for houses in the suburb stands at an average of $544, reflecting an indicative yield of around 1.77%.

    The socio-economic status of Ashwood 3147 is quite favourable, with an IRSAD score of 1062 out of a possible 1217. This suggests a population with significant access to economic resources, higher-than-average income levels, and widespread occupations in skilled professions.

    In examining the housing market conditions in Ashwood, some interesting trends emerge. There is a renter to owner ratio of approximately 37%, which is slightly above the ideal market figure. However, by coupling this with a units to houses ratio of 24% – well within the favourable range – this showcases the potential for landscape diversity and broad investment opportunities within the suburb.

    Whilst the affordability index sits at 63 years, one must delve deeper into this figure. Whilst leaning towards an unfavorable rating, it is crucial to consider the local socio-economic context and current market valuations when interpreting this value.

    Supply appears tightly regulated within Ashwood, with the stock on market percentage remaining low at 0.11% and favourable inventory levels at approximately 0.39 months. Meanwhile, the building approvals ratio hovers at around 1.45%. Coupled together, these figures suggest a well-balanced market with consistent growth prospects and moderate supply.

    Furthermore, houses in Ashwood 3147 typically spend only 22 days on the market – a firm indication of high demand in the area. The vacancy rate also leans favourably at just 1.28%, signifying a high occupancy level for both houses and units in the suburb.

    Lastly, the buy search index for houses in Ashwood registers at 5, representing the average state demand.

    As always, with some metrics falling outside the typical favourable ranges, it is essential to look holistically at the overall market trends and understand that the property investment landscape is both fluid and multifaceted. Furthermore, the RCS (Relative Composite Score) designed by HtAG Analytics can simplify the analysis by integrating over 80 metrics across these domains. Keeping an eye on such comprehensive market indices can yield valuable insights for prospective property investors and buyers agents.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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