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City of Monash

Ashwood

Ashwood Property Market
& Suburb Profile

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MEDIAN PRICES IN ASHWOOD

Median house price

(all agencies, last 12 months)$1.5m*

House price change

(all agencies, last 12 months)+1.31%

Median unit price

(all agencies, last 12 months)$985k*

Unit price change

(all agencies, last 12 months)-16.35%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

ASHWOOD price TRACKER

HousesUnits

Ashwood sales overview

  • Sold by Auction 60%
  • Sold by Private Sale or Other Method 40%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)27

Average days on market (units)

(all agencies, 12 months)30

Auction clearance rate in Ashwood

(all agencies, last 12 months)69%

Average held period in Ashwood

(proptrack)14 years

Ashwood Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$713pw

House rental price change

(all agencies, last 12 months)0.05%

Median rental price for Units

(all agencies, last 12 months)$619pw

Unit rental price change

(all agencies, last 12 months)0.04%

Average rental yield for Houses

(all agencies, last 12 months)2.4%

Average rental yield for Units

(all agencies, last 12 months)3.62%

Ashwood total population size

(as at the last census)7,154

Median household size in Ashwood

(as at the last census)2.5

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Ashwood property types

  • Houses 40%
  • Units 26%
  • Other 34%

OCCUPANCY in Ashwood

  • Owned 60%
  • Rented 37%
  • Other/Not Stated 3%
  • Singles 28%
  • Families 68%
  • Other 4%

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About Ashwood

A Hidden Gem with a Family-Friendly Charm

Located 14 km south-east of Melbourne’s CBD, Ashwood is a leafy, family-friendly suburb known for its tranquil streets, excellent schools, and convenient access to parks, shopping, and transport. With a population of around 7,000, it offers a relaxed, community-focused lifestyle while being close to key urban hubs.

Lifestyle & Recreation

Ashwood provides plenty of outdoor spaces and recreational options:

  • Parks & Green Spaces: Enjoy walking or cycling at Gardiners Creek Trail, have a picnic at Markham Reserve, or take the kids to the Ashwood Reserve Playground.
  • Sport & Fitness: The Ashburton Pool and Recreation Centre offers a gym, swimming pools, and fitness programs.
  • Shopping & Dining: While Ashwood itself has a selection of local cafes, bakeries, and restaurants, it’s also conveniently located near Chadstone Shopping Centre and Burwood One Shopping Centre, home to the first 24-hour Kmart and Coles in Australia.

Education

Ashwood is a great location for families, with access to high-quality schools:

  • Primary Schools: Ashwood School, Parkhill Primary, and St. Michael’s Parish School.
  • Secondary Schools: Ashwood High School, known for its strong academic programs and modern facilities.
  • Nearby Private Schools: Mount Scopus Memorial College, PLC (Presbyterian Ladies' College), and Huntingtower School.
  • Tertiary Access: Deakin University (Burwood Campus) is just a short drive or bus ride away.

Transport & Accessibility

Ashwood is well-connected by public transport and major roads:

  • Train Access: Holmesglen and Jordanville Stations on the Glen Waverley line provide easy access to the city.
  • Buses: A strong bus network connects Ashwood to Chadstone, Monash University, and surrounding suburbs.
  • Roads & Freeway Access: The Monash Freeway (M1) is nearby, making commuting to the CBD and other parts of Melbourne convenient.

Investment & Real Estate Potential

Ashwood is an emerging hotspot for buyers and investors, thanks to:

  • Affordable housing compared to neighbouring suburbs like Glen Waverley and Mount Waverley, making it an attractive option for first-home buyers and investors.
  • Growing demand for family homes and townhouses, with many properties undergoing modern renovations or redevelopment.
  • Proximity to employment hubs, including the Monash Medical Centre, Deakin University, and technology business parks in Clayton and Notting Hill.

Nearby Suburbs

Whether you’re looking for a peaceful place to raise a family, a well-located rental property, or an area with strong investment potential, Ashwood offers a blend of affordability, convenience, and a welcoming community.

Disclaimer: The information provided in this suburb profile is intended as a general guide only. While every effort has been made to ensure accuracy, the content may not reflect the most current data or developments. Readers should verify any information independently before making any decisions based on the details presented. The suburb profile is subject to change and should not be relied upon as a sole source of information.

Education

Ashwood High School
Ashwood School
Frank Dando Sports Academy
Parkhill Primary School
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Sales Comparison

Find out how Ashwood median sales prices compare to neighbouring suburbs.

Ashwood MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025124$1,247,5001.31%157$666pw3.01%
2024133$1,262,500-2.37%148$652pw3.20%
2023127$1,245,000-6.79%164$615pw2.90%
2022137$1,286,2508.45%216$537pw2.60%
2021167$1,229,50016.63%209$495pw2.25%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025124$1,247,500+1.31%
2024133$1,262,500-2.37%
2023127$1,245,000-6.79%
2022137$1,286,250+8.45%
2021167$1,229,500+16.63%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025157$666pw3.01%
2024148$652pw3.20%
2023164$615pw2.90%
2022216$537pw2.60%
2021209$495pw2.25%

Browse more suburbs

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.