Shane Hiscock
Indooroopilly, QLD+10
Brisbane · North Brisbane
Ashgrove is a prestigious inner-north-west suburb known for its leafy, hilly streets and distinctive 'Ashgrovian' Queenslander homes. It fosters a strong family-friendly community atmosphere, balancing heritage charm with modern convenience, just 5km from the CBD. Abundant parkland, reputable schools, and a relaxed café culture define its coveted lifestyle.
Market snapshot
Price register · May 2026
Median house
$1.65M - $2.20M
Mid-band $1.93Mspread 29%
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Median unit
$750,000 - $1.00M
Mid-band $875Kspread 29%
Days on market
~16-38 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
42% to 52%
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
2.2% to 3.2%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+54% to +74%
cumulative since 2021Who buys here
Established families · High-income professionals · Upsizers seeking character homes
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
The Ashgrove property market is a blue-chip performer within Brisbane's inner-ring, characterized by high demand, constrained supply, and strong, sustained capital growth. As of early 2026, the median house price hovers around $1.92 million, a figure supported by a year-on-year growth of 3.5% and an impressive five-year growth of over 64%. The unit market, while smaller, is also robust, with a median price of approximately $887,500 and an even stronger annual growth rate of 9.4%.
The primary driver of the market is the suburb's appeal to high-income families and professionals. Demand is consistently high, fueled by the suburb's excellent reputation, proximity to the CBD, and access to some of Brisbane's most prestigious schools, including Marist College Ashgrove and Mount St Michael's College. This creates intense competition for available properties, particularly the iconic 'Ashgrovian' Queenslanders that define the suburb's architectural landscape. Properties are tightly held, with a long average hold period, which naturally restricts the volume of stock coming to market. This scarcity is a key factor underpinning price resilience and long-term appreciation. The days on market for houses sits at a swift 27 days, indicating a market where quality listings are absorbed quickly.
Supply is further constrained by heritage protections that limit large-scale new developments, preserving the suburb's character and the dominance of detached family homes. While this is a boon for house price stability, it places pressure on the rental market. Vacancy rates are extremely low, often sitting around 1%, which drives strong rental returns in absolute terms, although yields are compressed by the high capital values (2.7% for houses, 3.4% for units). The market is less suited for yield-focused investors and more for those targeting long-term capital appreciation. The high owner-occupier rate of over 70% further cements the suburb's stability and community focus. Looking ahead, with ongoing migration to Brisbane and Ashgrove's non-negotiable lifestyle factors, the market is expected to remain a top performer, with demand consistently outstripping supply.
Ashgrove is a blue-chip market where heritage charm and strong school catchments create a powerful, long-term investment thesis.
Why a buyers agent
Navigating the Ashgrove property market requires deep local expertise. The suburb is defined by its highly sought-after 'Ashgrovian' homes, and competition for these character properties is fierce, with many transactions occurring off-market. An experienced buyer's agent has the network to access these hidden opportunities. Furthermore, Ashgrove has distinct pockets, with significant price variations between homes on main roads versus those in quiet, elevated streets in 'The Avenues'. A local agent understands these nuances, including specific school catchment boundaries which are a major driver for family buyers. They can also identify properties with the best potential for renovation, a common strategy in the area, while steering buyers away from low-lying areas that may have unseen risks. In a market where desirable homes sell in under 30 days, having a professional on your side provides the speed and confidence needed to secure a quality asset.
Home to some of Brisbane's most sought-after schools, including Marist College Ashgrove and Mount St Michael's College, making it a priority suburb for families focused on education.
The suburb is famous for its beautiful 'Ashgrovian' Queenslanders on large, leafy blocks, offering a unique and desirable style of family living that cannot be easily replicated.
Located just 5km from the city centre, Ashgrove offers an easy commute while being rich in parks and recreational areas, providing a perfect balance of urban convenience and suburban tranquility.
As a blue-chip suburb with high demand and limited supply, Ashgrove has a proven track record of strong, long-term property value appreciation, making it a secure investment.
A welcoming and active community with excellent local amenities, including cafes, sports clubs, and shopping villages, fosters a high-quality, family-friendly lifestyle.
Compare
| Metric | This suburbAshgrove | NearbyAlderley | NearbyBardon | NearbyPaddington |
|---|---|---|---|---|
| Median house | $1.65M - $2.20M | $1.40M - $1.90M | $1.75M - $2.35M | $1.95M - $2.60M |
| Median unit | $750,000 - $1.00M | $725,000 - $975,000 | $1.00M - $1.35M | $850,000 - $1.15M |
| Auction clearance | 42% to 52% | — | 38% to 48% | — |
| Days on market | ~16-38 days | ~16-38 days | ~16-38 days | ~19-45 days |
| Year-on-year growth | -1% to +9% | +4% to +14% | +4% to +14% | +8% to +18% |
| 5-year growth | +54% to +74% | — | +64% to +84% | +80% to +100% |
| Rental yield | 2.2% to 3.2% | 1.8% to 2.8% | 2.2% to 3.2% | 1.9% to 2.9% |
| Postcode | 4060 | 4051 | 4065 | 4064 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Located just 5km northwest of the CBD, Ashgrove is a premier Brisbane suburb renowned for its leafy, undulating landscape and distinctive 'Ashgrovian' style Queenslander homes. Its character is defined by a strong sense of community and a family-friendly atmosphere, making it one of Brisbane's most desirable postcodes.
The suburb is a major educational hub, home to some of Brisbane's most highly-regarded schools, including Marist College Ashgrove, Mount St Michael's College, Ashgrove State School, and St Finbarr's School, which drives significant demand from families.
While Ashgrove does not have a train line, it is exceptionally well-serviced by Brisbane City Council buses along major corridors like Waterworks Road and Stewart Road, including the high-frequency CityGlider service, ensuring a straightforward commute to the city. For drivers, its proximity to the CBD is a key advantage.
Shopping and dining are centred around several local precincts, including Ashgrove Central, Ashgrove Village, and the West Ashgrove shops. These hubs offer a mix of major supermarkets like Coles, Woolworths, and Aldi, alongside boutique cafes, local restaurants, and essential services.
Green space is a defining feature, with 33 parks covering over 17% of the suburb. Key recreational areas include Dorrington Park, famous for its 'Enchanted Forest' playground, the sprawling Banks Street Reserve, and the Enoggera Creek Bikeway, which provides scenic paths for cycling and walking. The suburb also hosts numerous sports clubs, including the GPS Rugby Football Club.
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The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 13 May 2026. Updated quarterly.
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