All About Ashwood, Monash, VIC, 3147

Ashwood, located within the City of Monash in Victoria, offers a vibrant housing market characterized by diversity and accessibility. The area has seen substantial growth over recent years, driven largely by its strategic positioning near the Melbourne Central Business District, attractive schools, and an array of local amenities. Housing options in Ashwood range from traditional post-war homes and newer contemporary apartments to townhouses, appealing to a mix of families, young professionals, and retirees. The market remains competitive, with demand being fueled by both local residents looking to upgrade within the area and new buyers attracted by the suburb's promise of a balanced lifestyle. While property prices in Ashwood have seen an upward trajectory, they remain relatively more affordable compared to some of the neighboring suburbs, offering excellent value for investment.

Living in Ashwood provides residents with a suburban feel enriched by community spirit and convenience. The suburb boasts a variety of parks and recreational facilities, such as the Gardiners Creek Reserve, perfect for outdoor activities and family picnics. The local shopping precincts and eateries offer a range of dining and retail choices, ensuring daily conveniences are met within a short distance. Moreover, Ashwood's well-connected public transport system, including proximity to the Alamein train line, makes commuting to the city and surrounding areas straightforward. The educational landscape is another drawcard, featuring reputable schools and childcare centers, which cater to the needs of growing families. With a blend of cultural diversity, safe neighborhoods, and ongoing infrastructure improvements, Ashwood provides a harmonious living environment that appeals to a range of residents seeking both tranquility and bustling city life.

Ashwood Real Estate Market Outlook

Thinking about buying in Ashwood? Now could not be a better time, with 4148 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,563,000 with prices in this suburb ranging from $466,000 to $6,689,000. Ashwood is located fairly close to the coast at just 9Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Ashwood driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Ashwood ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Ashwood classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Ashwood requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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