Ashfield WA 6054: Property Market Report & Real Estate Insights

Part of Bassendean, WA

Ashfield Real Estate Market Outlook

Thinking about buying in Ashfield? Now could not be a better time, with 733 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $713,000 with prices in this suburb ranging from $382,000 to $1,465,000. The approximate distance to the coast is 16 Km.

Living in Ashfield

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Ashfield due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Ashfield classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Ashfield necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Ashfield, located within the suburb of Bassendean in Western Australia, presents a unique blend of residential charm and accessibility. The housing market in Ashfield is characterized by a diverse array of properties, ranging from charming older homes to more modern builds. This variety offers potential buyers and renters ample choice depending on their preferences and budget. In recent years, Ashfield has experienced moderate growth in property values, reflecting its increasing desirability among young families and professionals. The suburb benefits from its proximity to Perth's central business district, which is accessible via a short train ride, making it an appealing choice for those who work in the city but prefer a more laid-back residential atmosphere.

Living in Ashfield offers residents the perks of a close-knit community combined with convenient urban access. The area is known for its leafy streets and a sense of tranquility, making it an attractive option for individuals seeking a peaceful lifestyle. Ashfield's local amenities are another significant draw, including parks, schools, and shopping centers that cater to the day-to-day needs of its residents. On weekends, locals often enjoy the scenic walks along the nearby Swan River or participate in community events that reflect the suburb's warm and friendly character. The combination of a comfortable living environment and the convenience of city access makes Ashfield a compelling location for a wide range of demographics.

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