Question 1

Is Ashburton a nice place to live?

Accepted Answer

Ashburton is a leafy inner-eastern suburb centred on its High Street shopping strip and the Ashburton station on the Alamein line. Tree-lined streets of interwar cottages and postwar houses sit alongside pockets of newer townhouses, and Gardiners Creek with its linear parkland provides walking and cycling trails and small reserves. The High Street strip hosts cafes, small retailers and community facilities, with larger retail and entertainment at nearby Chadstone within easy reach.

About 7,952 people live in Ashburton, median age 41, with a median household income of $2,743 a week. Families are the dominant household type and roughly three quarters of homes are owner-occupied while around one in four are rented. A state Train and Tram Zone Activity Centre Plan has been added to the local planning scheme to guide built form around High Street and the station, and recent local upgrades to community facilities, playgrounds and the sportsground have been completed or are under way. That mix of parks, shops and a commuter train link tends to suit families and professionals; whether it suits you depends on what you value in a suburb.

Question 2

Is it expensive to live in Ashburton?

Accepted Answer

At about 12.3 times a typical local annual household income at the last Census, the median house price in Ashburton 3147 (around $1,750,000) sits well above what people locally earned then. That multiple is the clearest signal here of how buying compares with local incomes at the time of the last Census.

On the rental side, a house rent of about $900 a week would use roughly 32.8% of a typical local household's weekly income at the last Census, a sizeable share, while a unit rent of about $518 a week would be about 18.9%, a modest share. If you plan to rent rather than buy, the rental figures are the ones that matter most.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Ashburton a good place to invest?

Accepted Answer

Unit values in Ashburton rose 7.4% over the past 12 months, a solid increase, while house values were up a more modest 4.3%. On the income side, house rents edged up 0.6% over the year, whereas unit rents fell sharply, down 16.5%.

For someone weighing the suburb up as an investment, the figures point to stronger capital growth from units this year but stronger rental-income movement on the house side. Which outcome matters most will depend on whether you prioritise capital growth or rental income and your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.75M	N/A
Change in value Past 12 months	4.3%	7.4%
Sold Past 3 months	21	7
Median days on market Past 12 months	44	N/A
Average rent Past 12 months	$900	$518
Change in rent Past 12 months	0.6%	-16.5%

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