Ashgrove Suburb Profile
Ashgrove Suburb Profile
Ashgrove is a well-established suburb in the inner-west of Brisbane, Queensland, known for its leafy streets, historical charm, and family-friendly atmosphere.
Ashgrove is an upscale residential suburb located approximately 4 kilometers northwest of Brisbane’s city center, making it ideal for families. The area is known for its beautiful and distinctive homes, peaceful and picturesque environment, well-equipped parks, and highly regarded schools. It is adjacent to The Gap, Bardon, Red Hill, Paddington, Enoggera, and Alderley.
Demographics
As of the latest census in 2021, Ashgrove has a population of around 13,450 residents. The suburb is popular with families, young professionals, and retirees. It has a mix of younger and older residents, reflecting its appeal to a wide demographic.
Amenities & Lifestyle
Shopping & Dining: Ashgrove has several shopping precincts, including Ashgrove Central, which offers supermarkets, specialty shops, cafes, and restaurants. The suburb is also close to larger shopping centers like The Gap Village and Indooroopilly Shopping Centre.
Parks & Recreation: The suburb is known for its green spaces, including Dorrington Park and Banks Street Reserve, offering walking tracks, playgrounds, and sporting facilities. The Enoggera Creek Bikeway also runs through the suburb, providing a scenic route for cyclists and walkers.
Community: Ashgrove has a strong sense of community, with various local events, markets, and festivals. It’s a suburb that values its heritage and maintains a relaxed, suburban lifestyle while being close to the city.
Safety: Ashgrove is considered a safe suburb, with low crime rates and a friendly, welcoming atmosphere.
School
Ashgrove is home to several well-regarded schools, including Marist College Ashgrove, Mount St. Michael’s College, and Ashgrove State School. The suburb also has good access to childcare facilities and kindergartens.
Employment and Ownership/Rental Ratio
The size of Ashgrove is approximately 5.9 square kilometres. It has 33 parks covering nearly 17.2% of total area. The predominant age group in Ashgrove is 40-49 years. Households in Ashgrove are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments.
Residents mainly commute to the city for work. The area between Waterworks Road, Stewart Road, and Enoggera Creek is known as “The Avenues,” which is the most popular and highest-priced section of the suburb.
In general, people in Ashgrove work in a professional occupation. In 2011, 69.4% of the homes in Ashgrove were owner-occupied compared with 69% in 2016. (source: Australian Bureau of Statistics)Properties close to major roads, including Waterworks Road, Jubilee Terrace, and Stewart Road, may experience noise issues. Additionally, some areas of the suburb, particularly those near the creek, may be prone to flooding. Buyers are advised to check the Flood Map provided by the Brisbane City Council before purchasing.
Types of Homes and Typical Land Sizes
In Ashgrove, Brisbane, detached houses are the predominant housing type, making up about 79% of the properties. These characteristic wooden houses, built in the 1920s and 1930s, are notable for their large triangular main roof with several smaller triangular roofs behind it, large bay windows with seating areas, and ornate plaster ceilings, creating a charming and beautiful aesthetic. These homes typically sit on plots of around 600 square meters. There also post-war style houses in the area, though many have been demolished for land subdivision. The new, modern construction usually occupy smaller plots of around 400 square meters. Additionally, there are several apartment complexes, though they are less common compared to detached homes.
Ashgrove Property Market Performance
Houses: The median price for free standing houses in Ashgrove is $1,650,000, significantly higher than the Brisbane market median. It has increased by 13.4% over the past 12 months. Over the past 3 years, house prices have risen by 22.1%.
Townhouses and Apartments: The median price in Ashgrove is $713,000. It has increased by 55.1% over the past 3 years, and increased by 14.3% in the last 12 months.
Market Performance:
- Average Days on Market: 23 days for houses, 11 days for townhouses and apartments.
- Average Sale Price: Houses typically sell for around 5.41% below the asking price.
- Auction Clearance Rates: 47%
- Rental Yield: Average rental yield for houses is 2.89%, with an average rent of $740 per week; for apartments, the yield is 4.54%, with an average rent of $575 per week.
- Rental Vacancy Rate: Approximately 0.89% in Ashgrove.
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Data updated on Sept 2024
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