Suburb Profile
Are you looking to purchase a home or investment property in Ashgrove? As an Ashgrove Buyers Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Ashgrove property purchase!
The population of Ashgrove increased from approximately 13,039 residents in 2016 to 13,450 residents in 2021, representing population growth of 3.2%. The predominant age group is 10-19 years, reflecting the suburb’s strong family appeal.
Households in Ashgrove are primarily couples with children, accounting for approximately 56.1% of households. Around 71.50% of homes were owner-occupied in 2021, up from 69.00% in 2016.
Ashgrove has a strong professional demographic, with 39.9% of residents employed in professional occupations and 17.8% employed as managers. The suburb is also highly educated, with 42.4% of residents holding a Bachelor degree and 18.3% holding postgraduate qualifications. Approximately 38.8% of households earn more than $182,000 annually.
The population of Ashgrove increased from approximately 13,039 residents in 2016 to 13,450 residents in 2021, representing population growth of 3.2%. The predominant age group is 10-19 years, reflecting the suburb’s strong family appeal.
Households in Ashgrove are primarily couples with children, accounting for approximately 56.1% of households. Around 71.50% of homes were owner-occupied in 2021, up from 69.00% in 2016.
Ashgrove has a strong professional demographic, with 39.9% of residents employed in professional occupations and 17.8% employed as managers. The suburb is also highly educated, with 42.4% of residents holding a Bachelor’s degree and 18.3% holding postgraduate qualifications. Approximately 38.8% of households earn more than $182,000 annually.
Ashgrove’s main shopping and café precinct is located around the junction of Waterworks Road, Stewart Road and Ashgrove Avenue. The area includes cafés, restaurants, convenience retail and local services.
Residents also have easy access to nearby lifestyle and retail precincts in Paddington, Red Hill, Newmarket and The Gap.
Ashgrove is not serviced directly by train, several regular bus services connect the suburb with the Brisbane CBD via Waterworks Road. The suburb’s position also provides convenient access to neighbouring inner-north suburbs and major road connections.
The area is home to a number of great private and public schools including:
Private schools
Public schools
There is an abundance of parks, sports grounds and green spaces in the suburb.
Banks Street Reserve is a beautiful green oasis providing kilometres of walking and cycling paths. Dorrington Park and the Enchanted Forest playground is a popular spot for weekend picnics with young kids. Ithaca and Enoggera Creek bicycle paths are used by many local residents to commute to the city
Most residents commute to the Brisbane CBD for work. Other nearby employment hubs include Kelvin Grove and Herston Health Precincts.
An area known as The Avenues (located between Waterworks Road to the south, Stewart Road to the east and Enoggera Creek to the north and west) is the most desirable, and most expensive, part of Ashgrove.
Traffic noise can be an issue for properties close to major thoroughfares including Waterworks Road, Jubilee Terrace, and Stewart Road. Buyers should check the Brisbane City Council Flood Maps, as some areas (especially along the creeks) are susceptible to flooding.
If you’re looking to buy in Ashgrove, working with a local buyers agent Ashgrove specialist can help you understand the suburb’s different pockets, assess property value and avoid overpaying in a competitive family-oriented market.
The vast majority (79%) of properties in Ashgrove are free standing houses.
The suburb is particularly well known for its ‘Ashgrovian’ style houses. These timber character homes were built in the late 1920s and mid 1930s, and are characterised by a grand gable roof, surrounded by smaller gables behind. Inside, bay or box seat windows are common as are ornate plaster ceilings. A typical block size for this type of home is 600 m2.
Post-war houses also occur in the area. Many of the post war homes have been removed to allow for subdivisions, and the construction of contemporary homes on smaller sized blocks (400m2).
The median house price in Ashgrove is $1,990,379 (April 2026), which is well above Brisbane’s median.
The median unit price in Ashgrove is: $987,821 (April 2026).
Ashgrove has experienced strong long-term capital growth, supported by its family appeal, character housing stock, school options, green space and proximity to the Brisbane CBD.
House values increased from approximately $838,197 in April 2017 to around $1,990,379 in April 2026. Unit values increased from approximately $448,507 to around $987,821 over the same period.
Over the past 12 months:
Average holding periods are approximately:
If you are looking for a buyers agent Ashgrove buyers can trust, Your Property Hound provides independent advice, detailed due diligence and negotiation support.
We regularly assist clients purchasing family homes, character properties and investment properties throughout Ashgrove and Brisbane’s inner north-west.
Current market indicators show Ashgrove remains a tightly held, with both houses and units in a seller’s market.
Houses
Stock on the market is low at 0.73%, with houses taking about 32 days to sell. The auction clearance rate is 43%, and the average vendor discount is -4%, indicating buyers need to be well prepared, especially for quality homes in desirable locations.
From an investment standpoint, houses offer a gross rental yield of 2.55% with a 2% vacancy rate, highlighting Ashgrove’s focus on capital growth and owner-occupiers rather than high-yield investments. Only 18% of houses are rented, supporting a strong owner-occupier community.
Units
Unit stock is very limited at 0.04%, and they sell within approximately 4 days. Units have a higher gross rental yield of 3.6% and a vacancy rate of 0.36%, with 64% rented.
**Statistics are accurate for May 2026
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