Are you looking to purchase a home or investment property in Ashgrove? How do you determine if this is the right suburb for you? As Ashgrove Buyers Agents we have made it easy, by compiling information that is important for you when considering Ashgrove for your home or investment purchase.
Ashgrove is a suburb of Brisbane that has plenty of history and is located approximately 4km north-west from the Brisbane CBD. It stretches from the bordering suburbs of Red Hill, Newmarket, Alderley, Bardon and The Gap. The suburb is well known for its leafy streets, hilly terrain and Ashgrovian houses.
Ashgrove’s native name is ‘Kallindarbin’ and was originally inhabited by the indigenous ‘Turrbal’ or ‘Duke of York clan’. The main thoroughfare, Waterworks Road, was built on a Turrbal pathway that led to Mount Coot-tha, a place of the ‘Honey-Bee Dreaming’ and to the Enoggera Reservoir.
Being close to the foothills of the eastern side Mt Coot-tha, the opportunities for nature-based activities are excellent. There are many parks with playgrounds, sporting fields and nature reserves in the area. Ashgrove has multiple desirable pockets that are quiet and elevated to take in the surrounding bush and city views.
There are quite a few heritage listed landmarks are in Ashgrove such as Glen Lyon at 34 Glenlyon Drive, and St John’s Wood House also known as Granite House, which was one of the first homesteads in the area which still has it’s name of St John’s Wood. There is a complete list of heritage sites in Ashgrove here. You can read more about Ashgrove’s history here.
Buses provide the main public transport options in Ashgrove along Waterworks Road and Stewart Road. It’s a scenic ride through Red Hill to the city and doesn’t take long even in peak hour. For timetables have a look at the Translink website to plan your journey here.
Bike riding is a popular way to travel as well being so close to the city although the terrain is hilly.
For high school a lot of families in the area choose to enrol their kids into private schools or send them to the high achieving The Gap State High School.
To find out more about how to determine school catchment zones in Brisbane read our blog for in depth information here.
The biggest hub of shops and cafes are at the junction of Waterworks Road, Stewart Road and Ashgrove Avenue. As well as the three big grocery stores, Woolworths, Coles and Aldi you’ll find bakeries, butchers, seafood, chemists and the list goes on. There are multiple locations within Ashgrove for coffee shops, hair salons, small retail stores, restaurants and bars.
The well hidden Junk Bar on Ashgrove Avenue is popular and has featured many evenings of live music. You can hire the venue for functions or its open on Friday and Saturday nights. For more information have a look at their website here.
The West Ashgrove complex provides a range of services including Australia Post, cafes, restaurants and boutique fashion stores such as Our Sunroom and L’adore & Co. There is also a newer bar across the road beside the hairdresser, physio, and a medical centre – The Local Larder and Wine Bar.
There really are so many businesses – have a look at Must Do Brisbane’s website on things to do in Ashgrove here and here for West Ashgrove (please note that Macho Macho is now closed).
You are spoilt for choice of green space in Ashgrove. There are many parks and playgrounds for the community including Dorrington Park with sporting fields and a cafe right next door to the fenced “Enchanted Forest” playground. There’s also a skate park, basketball half-court and hockey fields.
St John’s Wood has some lovely parkland along Enogerra Creek including a walkway and bikeway along the Ashgrove Sportsground and Des Connor Fields to Dorrington Park. Here are some more details.
Another popular park for dog owners to meet up at is Sunset Park with its off-leash dog area.
For a full list of parks in Ashgrove have a look at the Brisbane City Council’s website here.
Another green space is the Ashgrove Golf Club which is close to The Gap boundary and also has a restaurant with function room.
Much of Ashgrove has very close access to the bush with many opportunities for walking and mountain biking. As well as access to Mt Coot-tha Reserve picnic areas and the multitude of trails including to the summit to the lookout over Brisbane. The Mt Coot-tha Botanical Gardens are also very close with it’s wide range of attractions.
Locals living in Ashgrove either work in the local retail shops or businesses, commute to the CBD, the University of Queensland or to various employment hubs in neighbouring suburbs. Ashgrove is approximately 18km to the Airport for those locals that travel interstate for work.
Typical Property Style
Ashgrove’s characteristic home is the Ashgrovian on typically larger blocks of land.
Ashgrovian is the term coined for a variation of the Queenslander built between the late 1920s and World War II in the suburb of Ashgrove in Brisbane.
Also dominant in the suburb are Queenslanders and pre-war character homes ripe for renovation and old post-war homes ready for a big renovation or demolition. There are many new executive homes in the suburb – quite often on a block that has been split from the original large size to a 405m2 lot size.
There are some apartment buildings on the busier roads such as Waterworks Road and some smaller townhouses hidden in the area.
Ashgrove is an area with high wealth with the weekly family income at $3,257 (more than half of the Queensland average of $1,661!). According to SQM research, the percentage of owner-occupiers is at 71% and 29% for renters.
The top 3 life stages for people living in Ashgrove are:
- Established couples or families 20.7%;
- Older couples and families 18.6% and;
- Maturing couples and families 12.1%.
A lot of families with young children move into the area and bring up their children there until adulthood.
Most Desirable Area
There are many highly desirable pockets in Ashgrove to consider including the elevated positions backing onto bush reserve or parkland, and/or with city views or views to the mountains. There are a lot of quiet, tree-lined and family orientated streets which are in high demand by young families and established and maturing families.
Staying away from the main roads and the low areas prone to flooding is the best way to buy well in Ashgrove but due to the higher prices compromising on road noise can be a way to get into the area.
Least Desirable Area
As Ashgrove is close to bushland and Ithaca Creek there are a few areas that you need to be aware of in regards to bushfire risks and flooding as shown here.
The least desirable parts of Ashgrove are those on main roads such as Waterworks Road, Jubilee Terrace and Stewart Road. Not only are there noise impacts (in orange and brown below) but also air quality impacts as shown in pink below.
Median Price Values
The median price value for houses in Ashgrove as at October 2020 is $1,035,000 with the upper quartile price at $1,355,000 and the lower quartile price sitting at $839,500. If you’re looking for a home on a large block and not in need of renovation then be prepared to spend at least in the mid-high $1 million range.
The median price value for units is $440,000. The upper quartile price sits at $510,000 and the lower quartile price at $365,000.
The compound growth rate for Ashgrove over the last 5 years to August 2020 has been 4.2% for houses and -0.5% for units.
I hope this information has been helpful on your quest to buy your next property in Ashgrove.
If you need further help to secure a property in this location we can help, please reach out by booking a discovery call through the link below to your Ashgrove Buyers Agents.