Located in New South Wales within the Wagga Wagga local government area, Ashmont is a smaller suburb (postcode 2650). With a population of 3,747, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $52K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Aboriginal Australian.
Ashmont has a median house price of $635,000, which has climbed sharply by 29.6% year-on-year. Units have a median price of $315,000 (+14.1% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,103.
Ashmont is served by 1 school, including 1 primary. The average ICSEA score is 938, which is below the national average of 1,000. Public transport access includes 20 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,374 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 4.4%, which reads as moderate yield. Property prices sit below the state median ($635K/$1.5M), which can point to relative value. The price-to-income ratio of 12.3x is considered stretched. House prices have moved +29.6% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.