Question 1

Is Ashfield a nice place to live?

Accepted Answer

Ashfield is a charming suburb that offers a delightful blend of suburban tranquility and convenient access to urban amenities. Nestled along the banks of the Swan River, it provides a serene environment that is perfect for families and individuals seeking a peaceful lifestyle. The suburb is known for its close-knit community, where residents enjoy a supportive and inclusive atmosphere. With a mix of older homes and newer developments, Ashfield caters to a variety of housing preferences, making it an appealing choice for both long-term residents and newcomers.

The suburb's proximity to Perth's CBD, facilitated by the Ashfield train station, ensures that residents have easy access to the city's vibrant cultural and economic opportunities. While Ashfield may not boast the nightlife of inner-city areas, it compensates with its family-friendly vibe and ample recreational options. Local parks and the nearby riverfront offer plenty of opportunities for outdoor activities, making it ideal for nature enthusiasts and families alike. Safety is generally not a major concern, contributing to the suburb's overall livability.

For families, Ashfield offers a welcoming environment with access to good schools and community facilities. The presence of Ashfield Primary School, along with nearby parks and playing fields, enhances the suburb's appeal to families with children. However, potential residents should consider that while Ashfield provides a peaceful suburban lifestyle, it may lack the buzz of more urbanized areas. Nonetheless, for those who value tranquility and a strong sense of community, Ashfield is a wonderful place to call home.

Question 2

Is it expensive to live in Ashfield?

Accepted Answer

Living in Ashfield, an inner suburb of Perth, is relatively affordable compared to other areas. With a median total household income of $1,666 per week, residents in Ashfield earn a similar income to the Greater Perth average. However, housing prices in Ashfield are currently unavailable, which could suggest a lack of recent sales data or a unique market situation.

When it comes to renting, the average rent for houses in Ashfield is about $700 per week. This rental price is somewhat high compared to the average wage, which is approximately $80,000 per year, aligning with the Greater Perth average taxable income. While the rental prices might take a significant portion of one's income, the overall cost of living in Ashfield remains manageable for those earning around the average wage.

Overall, Ashfield offers a balance of affordability and proximity to Perth’s amenities. If you are considering living in Ashfield, it's essential to weigh the rental costs against your income to ensure it fits your budget comfortably.

Question 3

Is Ashfield a good place to invest?

Accepted Answer

Ashfield presents a stable investment opportunity, particularly for those interested in rental income. While the change in median house and unit values over the last year has been minimal, with houses seeing a slight increase of 0.2% and units remaining unchanged, the rental market tells a different story. House rents have experienced a significant rise of 7.7%, indicating strong demand from tenants and a potential for steady rental returns.

The suburb's appeal lies in its ability to offer consistent rental income, making it an attractive option for investors who prioritize cash flow over rapid capital growth. Although the property values haven't surged, the steady rental demand suggests a resilient market that can weather broader economic fluctuations. For those looking to invest in Ashfield, focusing on houses might be the way to go, given the notable increase in rental prices. Overall, Ashfield offers a reliable investment choice for those seeking stable returns in the rental market.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	10.4%	N/A
Sold Past 3 months	2	N/A
Median days on market Past 12 months	9	N/A
Average rent Past 12 months	$700	N/A
Change in rent Past 12 months	7.7%	N/A

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