Is Ashgrove a nice place to live?

Ashgrove is an established, leafy inner-west Brisbane suburb on rolling hills near Mount Coot-tha, with tree-lined streets and a mix of classic Queenslander cottages, mid-century homes and newer townhouses. It has a village feel around the shopping strips on Waterworks Road, with cafes, bakeries, small retailers and community clubs, while parklands and sporting fields and regular bus services to the city shape everyday life. The community leans towards families and established households, with a median age of 38 and about 72.7% of homes owner-occupied. Recent and planned local works include village precinct improvements, a completed bridge replacement and library upgrades, and further projects such as a playground upgrade, a bikeway connection and a new learning centre at Mt St Michael’s College are progressing. Whether Ashgrove suits you depends on what you value in a suburb.

Is it expensive to live in Ashgrove?

Buying in Ashgrove sits well above what local households earned at the last Census. The median house price of $1,715,500 is about 11.5 times a typical local annual household income as recorded at the last Census, while the median unit price of $970,000 is about 6.5 times that annual income. Renting looks more moderate by comparison. A house rent of $875 a week would take about 30.4% of a typical local household's weekly income at the last Census, a sizeable share, and a unit rent of $600 a week is about 20.9%, a moderate share. Which measure matters most will depend on whether you plan to buy or rent and on your own circumstances. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Ashgrove a good place to invest?

The clearest movement in Ashgrove over the past year is in unit values, which climbed 16.3%, a strong rise in what a unit is worth. House values rose more moderately, up 4.1% over the same period. On the income side, house rents increased 9.4% (a solid rise) while unit rents rose 5.3% (a smaller, solid increase). Put simply, capital growth was the stronger performer on the unit side, while for houses the rent a property earns grew faster than its price. If rental income or capital growth matters more to you will determine which of those movements is most relevant when weighing up Ashgrove as an investment. 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.

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Ashgrove suburb profile

Ashgrove is an established, leafy inner-west Brisbane suburb set on rolling hills near Mount Coot-tha, known for tree-lined streets and a mix of classic Queenslander cottages, mid-century homes and newer townhouses. The suburb has a village feel centred on local shopping strips along Waterworks Road and nearby streets, with cafes, bakeries, small retailers and community clubs that suit everyday life. Families and professionals are drawn to Ashgrove for its parklands, sporting fields and quiet residential streets, while regular bus services provide direct links to the city. The overall character is relaxed and domestic, with mature trees and elevated outlooks over the inner suburbs.

Ashgrove property market performance

Current median dwelling price$1,342,750Past 3 months

Property growth+10.2%Past 12 months

House values in Ashgrove rose a modest 4.1% over the last 12 months to a median house price of $1,715,500. Unit values rose sharply, up 16.3% over the same 12 months to a median unit price of $970,000, so unit values grew more strongly than house values.

Over the last 3 months, 30 houses and 18 units were sold. Over the last 12 months the median days on market were 18 days for houses and 13 days for units, with units selling more quickly.

The rental market in Ashgrove recorded average house rents of $875 and unit rents of $600 over the last 12 months. House rents rose a solid 9.4% while unit rents rose a solid 5.3%, so house rents grew faster over the year.

	Houses	Units
Median price Past 3 months	$1.72M	$970K
Change in value Past 12 months	4.1%	16.3%
Sold Past 3 months	30	18
Median days on market Past 12 months	18	13
Average rent Past 12 months	$875	$600
Change in rent Past 12 months	9.4%	5.3%

5 year median price trend for houses and units

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Ashgrove demographics

Ashgrove is home to 13,450 people, with a median age of 38. The typical household earns $2,874 a week, roughly $149,448 a year.

Families are dominated by couples: 56.3% are couple families with children and 30.2% are couple families without children, together accounting for about 86.5% of families. One-parent families make up 12.2% and other families 1.3%.

Homes in Ashgrove are mostly owner-occupied, with 31.5% owned outright and 41.2% owned with a mortgage (a combined 72.7% owner-occupied), while 27.4% of dwellings are rented.

Ashgrove infrastructure, key developments and investment opportunities

Ashgrove has seen a number of council and education projects in recent years. Brisbane City Council delivered the West Ashgrove village precinct improvements along Waterworks Road, with the final improvement plan released in 2021 and construction work carried out from 2021. The Gresham Street bridge over Enoggera Creek was replaced under the Bridges Renewal Program and recorded as completed. Ashgrove Library closed for and completed an air-conditioning and interior services upgrade between late January and March 2026.

Looking ahead, the council is progressing an upgrade of the Enchanted Forest playground at Dorrington Park, with community engagement finished, a concept plan to be finalised and construction scheduled for mid to late 2026. The council’s Enoggera and Ithaca Creek bikeway material also identifies a cycle connection running through Ashgrove toward Herston. In education, Mt St Michael’s College has secured state approval for a new multi-level learning centre on Amarina Avenue and is moving through its planning and procurement stages.

Suburbs near Ashgrove

Some popular suburbs near Ashgrove include:

How does Ashgrove compare to nearby suburbs?

Median house prices: Ashgrove’s median house price is 26.1% lower than Bardon’s.
Median unit prices: Ashgrove’s median unit price is 14.1% higher than Newmarket’s.
House price growth: Over the past 12 months, house prices in Ashgrove have grown 7.0% higher than in Red Hill.
Unit price growth: Over the past 12 months, unit prices in Ashgrove have grown 6.0% higher than in Red Hill.
Selling speed for houses: Properties in Ashgrove are selling 25.0% faster than in Bardon.
Selling speed for units: Properties in Ashgrove are selling 7.1% faster than in Newmarket.
Investment considerations: In Ashgrove, the rental yield for house is 22.7% higher than the Brisbane average, while the rental yield for units is 8.5% lower.
House price growth: Over the past 12 months, house prices in Ashgrove have grown 59.1% higher than the average rate of growth across Brisbane.
Unit price growth:Over the past 12 months, unit prices in Ashgrove have grown 15.5% higher than the average rate of growth for units across Brisbane.

Common questions about Ashgrove

Is Ashgrove a nice place to live?
Ashgrove is an established, leafy inner-west Brisbane suburb on rolling hills near Mount Coot-tha, with tree-lined streets and a mix of classic Queenslander cottages, mid-century homes and newer townhouses. It has a village feel around the shopping strips on Waterworks Road, with cafes, bakeries, small retailers and community clubs, while parklands and sporting fields and regular bus services to the city shape everyday life.

The community leans towards families and established households, with a median age of 38 and about 72.7% of homes owner-occupied. Recent and planned local works include village precinct improvements, a completed bridge replacement and library upgrades, and further projects such as a playground upgrade, a bikeway connection and a new learning centre at Mt St Michael’s College are progressing. Whether Ashgrove suits you depends on what you value in a suburb.
Is it expensive to live in Ashgrove?
Buying in Ashgrove sits well above what local households earned at the last Census. The median house price of $1,715,500 is about 11.5 times a typical local annual household income as recorded at the last Census, while the median unit price of $970,000 is about 6.5 times that annual income.

Renting looks more moderate by comparison. A house rent of $875 a week would take about 30.4% of a typical local household's weekly income at the last Census, a sizeable share, and a unit rent of $600 a week is about 20.9%, a moderate share. Which measure matters most will depend on whether you plan to buy or rent and on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Ashgrove a good place to invest?
The clearest movement in Ashgrove over the past year is in unit values, which climbed 16.3%, a strong rise in what a unit is worth. House values rose more moderately, up 4.1% over the same period. On the income side, house rents increased 9.4% (a solid rise) while unit rents rose 5.3% (a smaller, solid increase).

Put simply, capital growth was the stronger performer on the unit side, while for houses the rent a property earns grew faster than its price. If rental income or capital growth matters more to you will determine which of those movements is most relevant when weighing up Ashgrove as an investment.

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.

Choose the right real estate agents in Ashgrove

There are 86 real estate agents in Ashgrove, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 29.7% of all sales in the past year.

Commission rates in Ashgrove typically range from 2.38% to 3%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.