Ashburton is a mid-sized suburb in Victoria within the Boroondara local government area (postcode 3147). With a population of 7,952, the suburb has an established demographic with a median age of 41. Households earn a median income of $143K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Ashburton is $1.9 million, having declined 5.4% over the past year. Units have a median price of $1.3 million (-20.4% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $3,000.
Ashburton is served by 3 schools, including 3 primary. The average ICSEA score is 1152, which is well above the national average of 1,000. Public transport access includes 4 rail stations, 24 bus stops. The crime rate in the Boroondara LGA is moderate at 5,549 incidents per 100,000 population.
From an investment perspective, Ashburton offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($1.9M/$875K), placing it in the premium segment. The price-to-income ratio of 13.4x is considered stretched. House prices have moved -5.4% year-on-year.
Ashburton is a mid-sized suburb in Victoria within the Boroondara local government area (postcode 3147). With a population of 7,952, the suburb has an established demographic with a median age of 41. Households earn a median income of $143K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Ashburton is $1.9 million, having declined 5.4% over the past year. Units have a median price of $1.3 million (-20.4% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $3,000.
Ashburton is served by 3 schools, including 3 primary. The average ICSEA score is 1152, which is well above the national average of 1,000. Public transport access includes 4 rail stations, 24 bus stops. The crime rate in the Boroondara LGA is moderate at 5,549 incidents per 100,000 population.
From an investment perspective, Ashburton offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($1.9M/$875K), placing it in the premium segment. The price-to-income ratio of 13.4x is considered stretched. House prices have moved -5.4% year-on-year.