ashwood

3147, Victoria

Real Estate & Property Information

Median
Price Rank
91

ashwood Suburb Profile & Review

Ashwood is a quiet suburb slotted in between Ashburton and Burwood; hence, its name. There are numerous parks and reserves in the area, as well as sporting clubs and facilities, making this a great spot for families. A bicycle trail links the suburb with the ever-popular Gardiners Creek Trail, which leads cyclists all the way into the city.

Warrigal Road provides residents with shops, restaurants and cafés galore. Cleveland Road is popular for its takeaway joints, and on High Street Road there is another commercial enclave with a few stores and restaurants. Chadstone, the crème de la crème of Melbourne shopping, is a mere stone’s throw away.

Ashwood Secondary College and Parkhill Primary School are both public schools in the area. The Ashwood School is a Prep to Year 12 school catering for students with mild intellectual disabilities. Deakin University and Holmesglen TAFE are in neighbouring suburbs for those wishing to pursue tertiary education. Holmesglen and Jordanville are the closest railway stations, located just outside the south of the suburb.

ashwood Demographic Data

$ 745,000 Median House Price

24 Minutes Average Commute

38 Median Age

6,061 Population

50.78 % Female

49.22 % Male

1582 NO OF FAMILIES

1.7 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in ashwood, Victoria.

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ashwood Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

ashwood Median House Prices

  • 2008 $ 572,000
  • 2009 $ 611,000
  • 2010 $ 640,000
  • 2011 $ 741,000
  • 2012 $ 745,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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ashwood 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in ashwood have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term ashwood property price predictions.

ashwood Market Property Types

  • 78 % Seperate House
  • 14 % Semi Detached
  • 8 % Flat or Unit
  • 1 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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ashwood Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

ashwood Income & Mortgage Stats

  • $ 1,285 Median Weekly Household Income
  • $ 2,000 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in ashwood

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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ashwood Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

ashwood Sold Property Prices

ashwood Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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ashwood Restaurants

  • Grande Forno Bistro523-525 Warrigal Rd ashwood VIC 314703 9886 9255
  • Chen Yuen507 Warrigal Rd ashwood VIC 314703 9885 6850

ashwood Schools

  • Ashwood SchoolMontpellier Roadashwood VIC 3147(03) 9808 7444Specialist School
  • Parkhill Primary SchoolParkhill Driveashwood VIC 3147(03) 9807 2239State Primary School
  • Ashwood CollegeVannam Driveashwood VIC 3147(03) 9807 1333State Secondary College

ashwood Childcare

  • Bloom ELC66-70 High Street Roadashwood VIC 3147
  • Ashwood Childrens Centre6-8 Yooralla Streetashwood VIC 3147

ashwood Kindergarten and Preschools

  • Ashwood Memorial Kindergarten17A Arthur Streetashwood VIC 3147
  • Bloom ELC66-70 High Street Roadashwood VIC 3147

ashwood Sporting Centres and Clubs

  • Monashashwood VIC 3147Croquet Club
  • Harlequin Rugby Clubashwood VIC 3147Football Club
  • Waverley Hockey Ctrashwood VIC 3147Hockey Club

Find out How Much your House is Worth in ashwood

Request a free market Basic Report for ashwood to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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