Ashmore Property 2nd Half of 2018
The Ashmore property market record has proven to have a higher annual capital price growth when compared to the Gold Coast City Local Government Area (LGA) in Q2 2018, which suggests that those looking to invest in the Gold Coast should focus on their attention to Ashmore.
In Q2 2018 Ashmore recorded a median price of $605,000 for houses and $343,000 for units, which represents a 1.5% and 2.8% annual (Q2 2017 - Q2 2018) price change (respectively). This is higher than the Gold Coast City LGA, who experienced a softening of -1.0% (house) and -5.4% (units) over the same period of time.
Compared to Ashmore 1st half of 2018 research factsheet, which reported a 6.3% annual median price growth for houses between Q4 2016 – Q4 2017, properties in Ashmore is now more affordable. Units on the other hand are gaining increased value, as the 1st half of 2018 research factsheet reported an annual median price growth of 0.4%.
The Ashmore rental market continues to deliver, with house median weekly rent remaining stable over the past 12 months to Q2 2018 at $550. The unit market is delivering high rental returns, with unit median rent increasing by 11.8% over the same time frame, to $425 in Q2 2018. That said investors in Ashmore enjoy rental yield returns of 4.9% (house) and 6.2% (units), which is at a higher rate than Gold Coast Main (4.3% house and 5.5% unit). With lower house and unit median entry price than the Gold Coast City LGA this further confirms Ashmore as an investment hot-spot.