Question 1

Is Ashwood a nice place to live?

Accepted Answer

Ashwood has an established, leafy residential character centred on quiet postwar brick homes and renovated period cottages, with pockets of contemporary townhouses along main roads. The Gardiners Creek corridor and several neighbourhood parks provide walking and cycling links, a local shopping strip and community facilities cover everyday needs, and larger retail and services are close by at Chadstone. Regular buses, nearby train stations and major roads give straightforward commuting options within a calm, settled streetscape, so it tends to suit families and professionals who value green links and handy transport.

About 7,154 people live in Ashwood and the median age is 39. Families are prominent, with couple families with children the largest group, and homes are mostly owner-occupied (62.2%) while 37.8% are rented. There has been recent public investment, including a rebuilt and expanded kindergarten and upgrades to Ashwood High School’s netball facilities, with further playspace works planned and a second synthetic hockey pitch listed as a council priority, subject to external funding.

Question 2

Is it expensive to live in Ashwood?

Accepted Answer

At a median house price of $1,315,000, buying in Ashwood works out to about 13.2 times a typical local annual household income at the last Census, which places purchase prices well above local incomes. Renting is less extreme but still sizeable: a house rent of about $750 a week would take roughly 39.3% of a typical local household's weekly income at the last Census, and a unit rent of about $600 a week would take around 31.4%. If you're renting rather than buying, those rent shares are the most relevant figures to watch.

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 Ashwood a good place to invest?

Accepted Answer

Unit values in Ashwood climbed 21.8% over the past 12 months, a strong rise, while house values slipped 1.6%, a slight decline. That means the capital growth recorded this year was concentrated on the unit market rather than houses.

Rents rose on both sides of the market: house rents increased 7.1% and unit rents increased 9.1% over the year, both solid gains with unit rents rising a bit faster. Which of those movements matters most depends on whether you prioritise rental income or price growth and on 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	$1.31M	N/A
Change in value Past 12 months	-1.6%	21.8%
Sold Past 3 months	20	6
Median days on market Past 12 months	55	42
Average rent Past 12 months	$750	$600
Change in rent Past 12 months	7.1%	9.1%

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