Question 1

Is Ashmont a nice place to live?

Accepted Answer

Ashmont sits on Wagga Wagga’s southern edge with a straightforward, settled suburban feel. Streets are mainly modest mid-century single-storey homes with pockets of newer infill, and mature trees and lawns give the area an established character. Local shops and regular bus links cover day-to-day needs, main roads provide access to wider services, and schools, parks and community sporting grounds are close by.

Ashmont is home to 3,747 people and has a varied mix of households; homes are slightly more often rented than owner-occupied (51.8% rented). The suburb is part of a Homes NSW social housing renewal, with new manor houses and dual-occupancy homes built and more under construction, and council plans include infrastructure work and park and playground consultations that have involved Jack Misson Oval. That combination of practical housing and nearby amenities will suit families, retirees and people working locally; whether it suits you depends on what you’re looking for.

Question 2

Is it expensive to live in Ashmont?

Accepted Answer

On the figures, buying and renting in Ashmont both sit noticeably above what local households reported at the last Census. A median house price of $610,000 works out to about 11.8 times a typical local household's annual income as recorded at the last Census, so purchasing sits well above local incomes. Renting is also a large share of income: the average house rent of $460 a week is about 46.3% of a typical local household's weekly income at the last Census, while the average unit rent of $355 a week is about 35.7% of that weekly income.

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 Ashmont a good place to invest?

Accepted Answer

Unit values were the standout in Ashmont over the past year: median unit value rose 28.5%, a large increase, while median house value also climbed strongly, up 17.8%. On the income side, unit rents increased 10.9% (a strong rise) and house rents rose 9.5% (a solid rise). Overall, values outpaced rents for both houses and units, and units posted the stronger gains on both price and rent.

For someone weighing Ashmont up as an investment, the value figures speak to capital growth and the rent figures speak to rental income. If capital growth is your focus, the price movements — especially for units — were larger this year; if rental income matters more, rents did rise too, with unit rents edging house rents. Whether that balance suits your goals and circumstances is for you to judge.

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	$610K	N/A
Change in value Past 12 months	17.8%	28.5%
Sold Past 3 months	13	1
Median days on market Past 12 months	25	42
Average rent Past 12 months	$460	$355
Change in rent Past 12 months	9.5%	10.9%

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