Ashgrove is an established suburb in Queensland within the Brisbane local government area (postcode 4060). With a population of 13,450, the suburb has a settled mid-life population with a median age of 38. Households earn a median income of $149K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% 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, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
Ashgrove has a median house price of $1.7 million, which has surged by 13.9% year-on-year. Units have a median price of $690,000 (+11.3% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,600.
Ashgrove is served by 5 schools, including 3 primary, 2 combined. The average ICSEA score is 1156, which is well above the national average of 1,000. Public transport access includes 79 bus stops. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.0% (low yield). Property prices are above the state median ($1.7M/$1.1M), placing it in the premium segment. The price-to-income ratio of 11.3x is considered stretched. House prices have moved +13.9% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.