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Ashby Suburb Report

7 Sep 2017 Professionals Wanneroo 0 Comment

Ashby: Suburb Report

Ashby, a suburb located 16 miles north of Perth, Western Australia, covers just 1.5 square kilometers. Despite its small size, this community boasts a broad range of spacious homes and fuses suburban living with the natural splendor of nearby Lake Joondalup. Local schools, as well as busy restaurants and bustling bars, make Ashby a great place to call home.

There are 2,394 people living in Ashby, according to the 2011 census. The median age of residents who live here is 36 — just slightly higher than Perth’s average of 35 — and the median weekly household income is $1,213. The collective population of Ashby skews older. The majority of households — 20.3 percent — are made up of mature couples and families. Moreover, 21 percent of residents are elderly singles and 16.1 percent are elderly couples. Young families make up just 6 percent of Ashby’s population.

The overwhelming majority of properties in Ashby — a huge 99.5 percent — are houses. Only 0.5 percent of properties are duplexes, villas or town houses. There are no flats or apartments in this community.

Forty-seven percent of homes are purchased, 36.9 percent are fully owned and 13.3 percent are rented. There are 980 occupied properties in total, and the average household is made up of two people.

Many people find Ashby an attractive place to live. It is close to several schools, including St. Anthony’s School in Greenmount, Banksia Grove Catholic Primary School in Banksia Grove, and St. Stephen’s School in Tapping. The Joondalup/Wanneroo train station is nearby.

Ashby Housing Market Trends: Sales

Like other Perth suburbs, demand for properties in Ashby fluctuates throughout the year. As of August 2017, the average market demand was 182 visits per property — higher than the average in Western Australia. The median house price in Ashby, as of August 28, 2017, was $455,000, significantly higher than in other Perth suburbs. The median price for a five-bedroom home is $500,000.

Market growth rates in Ashby have varied over the past decade. Currently, the growth rate is 0 percent, which is higher than this time last year when the rate was -2.1 percent. This indicates the market is stronger now than it was in 2016. Growth rates in Ashby were 1.3 percent and 0.5 percent five and 10 years ago, respectively. When compared to growth rates for Perth as a whole, the Ashby market is resilient. Currently, the growth rate for Perth is -1.3 percent.

Sales volumes have shifted during the last few years. Currently, the sales volume in Ashby is $470,000, down from $480,000 in 2016. However, this is typical of other Perth suburbs. At the moment, the sales volume in Perth as a whole is $518,000, down from $535,000 in 2016.

On average, houses in Ashby stay on the market for 103 days — higher than in the neighboring suburbs of Sinagra and Tapping.

Ashby Housing Market Trends: Rentals

The average rental price in Ashby, as of August 29, 2017, was $355 per week. Three-bedroom homes rent for, on average, $340 per week, while four-bedroom homes cost $400.

Thinking of moving to Ashby or selling your home in this community?

If you’re looking to buy into the area or if you’re thinking about selling get in touch with a real local agent to understand the process. Call Amit at Professionals Wanneroo (9306 1111) and speak to the friendly team for advice or even a free, no obligation market appraisal and find out what your property is worth.

Professionals Wanneroo located in the heart of Wanneroo services the entire region with a particular focus on suburbs including Wanneroo, Ashby, Pearsall, Hocking, Sinagra, Tapping, Carramar.

 

 

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