Ashfield is a small locality in Queensland within the Bundaberg local government area (postcode 4670). The area has roughly 1,152 residents and a mix of families and early-career residents, with a median age of 32. Households earn a median income of $120K per year, with an average household size of 3.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 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 professionals, labourers, managers. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are Australian, English, Scottish.
Ashfield has a median house price of $494,000, which has climbed sharply by 11.7% year-on-year. Units have a median price of $303,000 (+24.2% YoY). The median weekly rent is $393 (Census 2021). This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,740.
The crime rate in the Bundaberg LGA is moderate at 4,913 incidents per 100,000 population.
From an investment perspective, Ashfield shows a gross rental yield of approximately 4.1%, rated as moderate yield. Property prices sit below the state median ($494K/$1.1M), which can point to relative value. The price-to-income ratio of 4.1x is considered affordable. House prices have moved +11.7% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.