Ashmore Property Market Update 1st Half 2025
Ashmore offers a blend of coastal charm and serene suburban life, with proximity to the Gold Coast's stunning beaches and vibrant community events. Ashmore’s excellent educational facilities and family-friendly neighbourhoods make it an ideal place for raising children and enjoying a high quality of life.
Property Trends
In Q4 2024, Ashmore recorded a median house price of $1,153,000 and a median unit price of $685,000. This is an annual (Q4 2023 - Q4 2024) price growth of 13.9% for houses and 9.3% for units. Now is an ideal time for house owners to capitalise on their investments. Comparing Q4 2023 and Q4 2024, house sales declined by -7.5% (to 62 sales in Q4 2024) and unit sales increased by 2.3% (to 45 sales in Q4 2024). Overall, this suggests an undersupplied house market and a highly demanded unit market, which created a buffer against higher interest rates, hence house and unit price growth. With no ready-to-sell stand-alone new houses planned for 2025, buyers must act fast.
Project Development
Ashmore and the surrounding area plan to see approximately $799.1M of new projects commencing construction in 2025. Only commercial and industrial projects are in Ashmore, with the nearest residential projects located in Southport. Even so, this brings only units/apartments (441) and townhouses (38); without any new stand-alone houses. This will exacerbate the existing undersupply, driving up house prices.
Rental Market & Growth
House rental yields in Ashmore was 3.8% as of December 2024, higher than Gold Coast Main (3.4%) and Brisbane Metro (3.2%). This is paired with a 7.6% growth in median house rental price over the past 12 months to Q4 2024, at $888 per week. At the same time, the number of houses rented decreased, by -15.6% (to 38 houses in Q4 2024). This indicates an undersupplied house rental market in Ashmore, benefitting investors.
Vacancy Rates & Property Investment
Ashmore recorded a vacancy rate of 1.1% in December 2024, on par with the Gold Coast Main’s average of 1.1% but slightly below Brisbane Metro’s average of 1.2%. Vacancy rates have slightly increased in the past 12 months, due to investors returning to the market. However, a 1.1% vacancy rate is still well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, indicating there is quicker occupancy of rental homes in Ashmore. This creates a sustainable environment for investors, even with a higher entry price (for both house and units) in the past 12 months to Q4 2024.
