Located in Victoria within the Monash local government area, Ashwood is a medium-sized suburb (postcode 3147). The area has roughly 7,154 residents and an established demographic, with a median age of 39. Households earn a median income of $99K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Chinese.
Median house prices in Ashwood stand at $1.4 million, having softened modestly by 0.9% over the last twelve months. Units have a median price of $1.2 million (+8.6% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,600.
Ashwood is served by 4 schools, including 1 primary, 1 secondary, 2 special. The average ICSEA score is 1068, which is above the national average of 1,000. Public transport access includes 1 rail station, 29 bus stops. The crime rate in the Monash LGA is moderate at 7,056 incidents per 100,000 population.
Looking at the investment signals, Ashwood shows a gross rental yield of approximately 2.3%, rated as low yield. Property prices are above the state median ($1.4M/$850K), placing it in the premium segment. The price-to-income ratio of 14.5x is considered stretched. House prices have moved -0.9% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.