Real Estate Ashfield, WA, 6054 Bassendean

Thinking about buying in Ashfield? Now could not be a better time, with a whopping 733 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $713,000 with prices in this suburb ranging from $382,000 to $1,465,000.

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Ashfield Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Ashfield due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Ashfield classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Ashfield necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.