Brisbane's property market has been on a meteoric rise, setting new price records and capturing the attention of homebuyers and investors alike. As 2025 approaches, the inner-city suburb of Ashgrove shines as a standout destination for those seeking lifestyle and growth potential.
If you're wondering about the value of your Brisbane home or questioning where to buy or invest in 2025, our Ashgrove property outlook provides key insights to help you make informed decisions about your next Brisbane investment property.
Current Market Trends in the Brisbane Property Market
Last year was Brisbane's 12th straight year of housing price growth. In 2025, Brisbane's property market growth is set to outpace national growth. According to realestate.com.au, Brisbane's price growth is forecast to range between 9% and 14% in 2025, depending on market conditions. This means an increase of $77,000-$120,000 in median dwelling cost. The Brisbane property market forecast indicates that if interest rates are cut early in the year, this price growth could reach as high as 16%.
While this increase in property values is great news for property investors, it is making it difficult for first-time home buyers to enter the market. A tight rental market and low vacancy rates make Brisbane an attractive option for property investment, contributing to strong growth in property prices.
Another year of strong population growth, several major infrastructure projects on the cards and relative affordability compared to other major capital cities means Brisbane property prices will remain competitive in 2025 and property investors will see continued growth of capital into the future.
Overview of Brisbane's Booming Ashgrove
At just 5km from Brisbane's CBD, you can't get much closer to vibrant city living than you can in Ashgrove.
While family-friendly environments so close to the city may be hard to find in other states, Ashgrove, with its leafy streets and relaxed atmosphere, offers urban convenience that young professionals and young families look long and hard to find. Situated north of the Brisbane River, it's well-connected to the city via public transport and cycle paths, close to major infrastructure projects, home to excellent educational facilities and presents a mix of property types.
With much of Brisbane's property market growth driven by interstate migration, there is a strong demand for detached houses in inner and middle-ring suburbs. In 2025, this will see price growth in suburbs such as Ashgrove outperform outer Brisbane suburbs that are also experiencing steady growth, as new residents choose locations well connected to the city over suburban living.
Property Prices and Trends in Ashgrove
The median house price for Ashgrove currently sits at $1.7 million. For units, it's around $740,000. This presents an ideal capital growth scenario for those looking for an investment property, as well as for home buyers.
Across Brisbane, vacancy rates for houses is 0.9%, with rents rising 9.3% over the last year, while vacancy rates for units sit at 1%, with rents rising 24.8% in 2024. While Ashgrove offers a range of properties from high-rise apartments to grand heritage homes, migration is increasing demand for housing, particularly rentals, at never-before-seen rates.
Last year Queensland recorded a population growth rate of 2.5% and further growth is expected to continue in 2025 according to the Queensland Government Statistician’s Office. Overseas migration (followed by interstate migrants, particularly from New South Wales) was a significant factor in the change. This means that well-located suburbs such as Ashgrove will continue to see strong growth and demand for housing, with limited supply a key factor in driving capital growth.
Houses in Established Suburbs like Ashgrove are in High Demand
Houses in established suburbs such as Ashgrove will maintain strong demand in 2025. This is due to a slowdown in construction hampering new housing supply, forcing buyers to look at existing properties.
As young professionals with families move from interstate, space, affordable prices and lifestyle opportunities make Ashgrove an appealing location due to its easy access to public transport, local amenities and proximity to excellent schools and community events.
Although a cut in interest rates is predicted for 2025, housing affordability will still be an issue for many buyers, particularly in the outer, cheaper suburbs. Therefore, home buyers and investors alike would be wise to overlook outer and middle-ring suburbs and buy into more affluent inner-ring suburbs where wages are keeping pace with housing pressures. This will allow them to benefit from capital growth potential and steady rental yields.
Impact of Infrastructure Projects on the Ashgrove Property Market
Ongoing infrastructure developments, including preparations for the 2032 Olympic Games, Cross River Rail and Brisbane Metro projects, will continue to have a positive effect on property values in the Brisbane market, particularly in suburbs that will benefit from these infrastructure improvements, such as Ashgrove.
Already a prime location with a vibrant community and numerous parks, close to shopping centres and local amenities, Ashgrove is considered a lifestyle location of choice. However, proposed infrastructure projects under Brisbane City Council's Long Term Infrastructure Plan (based on anticipated population growth and increased employment opportunities) including an upgrade of the Waterworks and Greenlanes roads intersection will only serve to improve Ashgrove's connectivity.
Along with a recent $3 million improvement project at the neighbourhood shopping precinct at Ashgrove West, infrastructure development is helping to stimulate local economic activity which is sure to have a positive impact on capital growth in Ashgrove.
Laidback Living Draws Home Buyers to Leafy Ashgrove
As the lack of land forces buyers to look to established suburbs, Ashgrove's charming heritage homes on big blocks of land, coupled with its proximity to the city and other major amenities, make it an appealing choice.
Leafy, laidback Ashgrove has a strong cafe culture and ample green space for outdoor recreation. There are more than 30 parks in this family-friendly Brisbane suburb to explore. These factors are key drivers for choosing to live in a particular location for those entering Brisbane's housing market.
Schools and Unis are Contributing to Increasing Demand
Education facilities are key drivers of strong capital growth areas in the Brisbane property market, with lifestyle a key factor for many in becoming a part of Queensland's population. Fortunately, Ashgrove is home to some of Brisbane's most in-demand primary schools, secondary schools and universities.
Penrose Reality's Predictions for Ashgrove for 2025
Brisbane's property market conditions will continue to remain positive, experiencing steady growth right up until the 2032 Olympics.
- The inner-city suburb of Ashgrove will be in particularly high demand in 2025 as property values continue to rise, fuelled by population growth and a limited supply of housing.
- Overseas and interstate property investors in particular see the value in purchasing stand-alone homes in prestige suburbs, with Ashgrove at the top of their list due to its relative affordability compared to other Australian capital cities.
- Key trends in price growth in Ashgrove include unique prestige properties, the attractiveness of the suburb and infrastructure development.
For professional advice on the Ashgrove property market, contact us here at Penrose Real Estate. Grant and Christina's boutique real estate offering reflects their commitment to treat buyers and sellers like family, with trust and care at the heart of everything they do.