The Ashmore property market recorded a median house price of $585,000 and $327,000 for units in Q2 2017, representing an annual price change of 0.9% and 10.5% respectively. The Molendinar property market recorded a median house price of $630,000 and $357,500 for units in Q1 2017, representing an annual price growth of 10.5% and 15.0% respectively. Over the same period of time house prices in the Gold Coast City region grew by 6.0% to $632,000 and unit prices grew by 3.9% to $415,600. First home investors looking for a unit will greatly benefit in Ashmore, due to its more affordable price point but higher level of capital growth.
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