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Home Suburb Profiles Greater Melbourne City Of Monash Ashwood
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)+7.34%

Median unit price

(all agencies, last 12 months)$1.1m*

Unit price change

(all agencies, last 12 months)-8.8%

(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 57%
  • Sold by Private Sale or Other Method 43%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)28

Average days on market (units)

(all agencies, 12 months)30

Auction clearance rate in Ashwood

(all agencies, last 12 months)59%

Average held period in Ashwood

(proptrack)14 years

ASHWOOD INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$705pw

House rental price change

(all agencies, last 12 months)0.01%

Median rental price for Units

(all agencies, last 12 months)$617pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)2.41%

Average rental yield for Units

(all agencies, last 12 months)3.5%

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 39%
  • Units 28%
  • Other 33%

OCCUPANCY IN ASHWOOD

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

CURIOUS TO KNOW WHAT YOUR PROPERTY IS WORTH TODAY?

Request a free price evaluation from our experienced team

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.

Ashwood provides plenty of outdoor spaces and recreational options. Enjoy walking or cycling at Gardiners Creek Trail, have a picnic at Markham Reserve, or take the kids to the Ashwood Reserve Playground. The Ashburton Pool and Recreation Centre offers a gym, swimming pools, and fitness programs. 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.

Ashwood is a great location for families, with access to high-quality schools and Deakin University (Burwood Campus) is just a short drive or bus ride away.

Ashwood is well-connected by public transport and major roads. Holmesglen and Jordanville Stations on the Glen Waverley line provide easy access to the city. A strong bus network connects Ashwood to Chadstone, Monash University, and surrounding suburbs. The Monash Freeway (M1) is nearby, making commuting to the CBD and other parts of Melbourne convenient.

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.

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.

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
20260-no change0$0pw%
2025127$1,302,7507.34%166$661pw2.96%
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%
YearSoldMedian Sale Price
(All Residential)		Sales Growth YoY
20260-no change
2025127$1,302,750+7.34%
2024133$1,262,500-2.37%
2023127$1,245,000-6.79%
2022137$1,286,250+8.45%
YearLeasedMedian Rental Price
(All Residential)		Rental Yield
20260$0pw%
2025166$661pw2.96%
2024148$652pw3.20%
2023164$615pw2.90%
2022216$537pw2.60%

BROWSE MORE SUBURBS

Ashburton

Burwood

Chadstone

NEWS & INSIGHTS

Icing on the Cupcake

Is Your Property Storm-Ready? A Guide to Roof Care

Smart, Simple, Local: See Every Suburb in a New Light with Barry Plant

*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 December 2024 to 31 December 2025, last updated 31 December 2025.