Ashmore Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
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). This suggests an undersupplied house market and a highly demanded unit market, which created a buffer against higher interest rates. With no ready-to-sell stand-alone houses planned for 2025, buyers must act fast.
CHANGE FROM LAST
YEAR
Ashmore£ plans to see approximately $799.1M of new projects commencing construction in 2025. Residential $104.4M
Commercial $125.2M
HALF YEAR
HOUSE SALE S
Mixed-Use $127.0M
HOUSE ME DIAN PRICE
Infrastructure $437.2M
HOUSE RE NTAL PRICE
UNIT SALE S
Ashmore and its surrounding areas plans to see approx. 441 units and 38 townhouses commence construction in 2025. Of these, none are specifically located in the suburb of Ashmore.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
The nearest residential projects are located in Southport, as per below:
$ MARKET CONDITIONS MEDIAN PRICE Q4 2024
$1.1M
MEDIAN PRICE Q4 2024
$888
SALES
$685K
AVERAGE DAYS ON MARKET Q4 2024
39
35
HOUSE
U N I T
RENTALS
$672
Industrial $5.3M
AVERAGE DAYS ON MARKET Q4 2024
18
16
HOUSE
U N I T
•
98 Eugaree Street (18 apartments)
•
86 Pohlman Street (9 townhouses)
•
44-46 Eugaree Street (68 units)
Specifically in Ashmore a key project planned is 10 Dominions Road Self Storage Facility Additions and 361 Ashmore Rd Medical Centre; as well as two other commercial projects. This will contribute to more business and jobs created in Ashmore. Although there are several residential projects planned, they will only add units/apartments and townhouses; and are not specifically in Ashmore. This will exacerbate the existing undersupply, driving up house prices.
441 Units/ Apartments
38 Townhouses