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Suburb: Ashwood
Postcode: 3147
Region: Melbourne's eastern suburbs
Region short: eastern suburbs
Office slug: fletchers-ashburton
Region slug: melbourne-eastern-suburbs
Source: REIV market insights
Accessed: July 2026
Version: 2
Saved: 2026-08-13T02:43:30.447Z
Created: 2026-08-13T00:00:00.000Z

## Stats
Median house price: $1,300,000
Median unit price: $825,000
Clearance rate: 80%
Days on market: 42

## Disclaimer
REIV reports median sale prices separately for houses and units. Reporting periods and methodologies can differ by metric and provider. Suburb-level figures do not account for the substantial differences between individual properties, streets, school-zone status, land sizes and housing types. Check the date of the data and seek a property-specific assessment before making a decision.

## In brief
- Buyers come for the price gap with neighbouring Ashburton, the run to Chadstone and the zone for Ashwood High School.
- Ashwood has no station of its own, so check whether Ashburton, Holmesglen or Jordanville actually suits your daily commute before you commit.
- Fletchers has served Melbourne's eastern suburbs since 1919.

## In brief secondary
- Sits between Ashburton and Chadstone Shopping Centre
- Zoned to a government secondary school that has climbed the rankings
- A mix of original brick veneer housing and newer townhouse infill

## Image 1
Src: https://www.monash.vic.gov.au/files/assets/public/things-to-do/images/parks-reserves/ashwood-reserve/ashwood-reserve-pavilion.jpg
Alt: The playground at Ashwood Drive Reserve, on the Gardiners Creek Trail
Caption: Ashwood Drive Reserve's playground sits right on the Gardiners Creek Trail, an easy stop on a family bike ride.

## Established family homes
Ashwood's family housing stock is largely brick veneer from the 1950s and 60s, built during the suburb's original Housing Commission development, with a growing number of knockdown rebuilds on the wider blocks. Streets around Parkhill Drive, Ashwood Drive and Queens Parade are quiet and close to local parks, which keeps them popular with young families. Compared with Ashburton next door, buyers generally get more land for their budget here.

## Units and townhouses
Newer townhouse developments have gone up along Warrigal Road and closer to Chadstone Shopping Centre, aimed at downsizers and first home buyers who want to stay in the area without maintaining a full block. Older walk-up unit blocks from the 1970s and 80s are scattered through the suburb and tend to sell to investors given the modest weekly rents on offer. Unit turnover is higher here than in Ashburton, which makes the median a more reliable read of the market.

## Locals love
- Warrigal Road's everyday shops, cafes and takeaway
- Chadstone Shopping Centre, a short drive or bus ride away
- Queens Parade Reserve and its playspace on the Gardiners Creek Trail
- Ashwood Drive Reserve, with its slide, spinner and climbing equipment
- Ashwood Reserve's off-leash dog area, also on the Gardiners Creek Trail
- The Ctesiphon Concrete Supermarket and Residence, Robin Boyd's heritage-listed "igloo" buildings
- Ashwood High School, one of the more improved government secondary schools in the area
- Quick access to the Monash Freeway
- Ashburton, Holmesglen and Jordanville train stations, all a short drive away
- Wide, tree-lined streets with an established, settled feel

## Image 2
Src: https://www.monash.vic.gov.au/files/assets/public/v/1/things-to-do/images/parks-reserves/queens-parade-reserve/queens-parade-reserve-walking-track-2.png
Alt: The walking track through Queens Parade Reserve alongside the Gardiners Creek Trail
Caption: Queens Parade Reserve's walking track links straight into the Gardiners Creek Trail.

## Clubs
- Ashwood Netball Club, part of the Waverley District Netball Association
- Ashwood Basketball Club
- Ashwood Sports Club, fielding football, cricket and netball teams at Essex Heights Reserve
- Waverley Hockey Club, based in Ashwood and one of Australia's largest hockey clubs
- Essex Heights Netball Club
- Monash Croquet Club, based at the Ashwood Electra Community Centre
- Monash Men's Shed
- Parkhill Primary School parent community
- Ashwood High School parent and alumni community
- St Mary Magdalen's Parish, serving the Ashwood, Jordanville and Chadstone Catholic community

## Six things to check
### Confirm the school zone for the exact address
School-zone boundaries do not simply follow suburb boundaries and may change. Confirm eligibility for the specific property through Find my School before relying on a listing description or making an offer.

### Compare like with like
A suburb median combines properties of very different sizes, ages and conditions. Compare recent sales with similar land, accommodation, location, school access and renovation quality.

### Prepare before the right home appears
Well-positioned family homes can be tightly held. Having finance, conveyancing advice and a building-inspection plan organised early can help buyers act with greater confidence.

### Look beyond the property itself
Street position, traffic, orientation, nearby development and walking access to shops, parks and public transport can influence both day-to-day liveability and future buyer demand.

### Check planning and heritage controls
Heritage controls may apply to selected properties and precincts and can affect demolition, alterations or redevelopment. Obtain a planning property report for the exact address through VicPlan and seek professional planning advice where required.

### Consider the wider school network
Most suburbs sit close to a number of government and independent schools. Travel time, enrolment rules and the needs of multiple children may be just as important as distance on a map.

## Pull quote
The quiet street behind Chadstone that families keep asking about.

## Buyer groups
### Families prioritising school access
Buyers who begin with a specific school requirement and then assess accommodation, land, condition and transport within the eligible area.

### Upsizers seeking more space
Households moving from smaller homes or nearby suburbs in search of additional bedrooms, flexible living areas, outdoor space or a larger allotment.

### Local owners changing housing type
Long-term residents who want to remain close to familiar services and community connections while moving to a townhouse or unit with less maintenance.

## Schools government
- Parkhill Primary School
- Ashwood School (specialist school)
- Ashwood High School
- Essex Heights Primary School, Mount Waverley

## Schools independent
- St Mary Magdalen's School, Chadstone (Catholic)
- Avila College, Mount Waverley (Catholic, girls, Years 7 to 12)
- Sacred Heart Girls' College, Oakleigh (Catholic, girls, Years 7 to 12)
- Emmaus College, Burwood and Vermont South (Catholic, co-ed, Years 7 to 12)

## FAQ property types
Ashwood has a fairly even mix of established houses and higher-turnover unit and townhouse stock, with roughly a third of sales made up of units and townhouses in a typical year. That mix gives buyers more entry points than Ashburton next door, from a full block for a knockdown rebuild through to a low-maintenance townhouse near Chadstone.

## FAQ valuation
A useful appraisal considers recent comparable sales, land size, orientation, accommodation, condition, planning controls, school zoning and current buyer demand. Contact the local Fletchers team for a confidential, property-specific assessment.

Suburb identity

Suburb name Postcode Region (full) Region (short, used in link label)

Market snapshot

Source name Accessed date

Stats

Snapshot disclaimer

Disclaimer

In brief

Primary bullets (large text)

Secondary bullets (small text)

Image 1

Src Alt Caption

Homes and units split

Established family homes Units and townhouses

Top 10 lists

Locals love (aim for 10)

Image 2

Src Alt Caption

Clubs and community groups (aim for 10)

Six things to check

Pull quote

Quote (one line, suburb-specific)

Buyer groups

Schools

Government schools

Independent schools

Links

Agency office slug Area profile slug

Links are auto-generated in the preview from suburb name, postcode and these slugs.

FAQ

Median price answer (auto-generated)

REIV market insights report a median house sale price of $1,300,000 and a median unit sale price of $825,000. Check the date of the figures before relying on them, as market data changes and suburb medians do not provide a valuation for an individual property.

Property types answer Valuation answer

PreviewLive — updates as you edit the form

Ashwood market snapshot

Source: REIV market insights, accessed July 2026

Median house price

$1,300,000

Median unit price

$825,000

Clearance rate

80%

Days on market

REIV reports median sale prices separately for houses and units. Reporting periods and methodologies can differ by metric and provider. Suburb-level figures do not account for the substantial differences between individual properties, streets, school-zone status, land sizes and housing types. Check the date of the data and seek a property-specific assessment before making a decision.

Ashwood in brief

Buyers come for the price gap with neighbouring Ashburton, the run to Chadstone and the zone for Ashwood High School.
Ashwood has no station of its own, so check whether Ashburton, Holmesglen or Jordanville actually suits your daily commute before you commit.
Fletchers has served Melbourne's eastern suburbs since 1919.

The playground at Ashwood Drive Reserve, on the Gardiners Creek Trail

Ashwood Drive Reserve's playground sits right on the Gardiners Creek Trail, an easy stop on a family bike ride.

Sits between Ashburton and Chadstone Shopping Centre
Zoned to a government secondary school that has climbed the rankings
A mix of original brick veneer housing and newer townhouse infill

Different homes, different buyer markets

Established family homes

Ashwood's family housing stock is largely brick veneer from the 1950s and 60s, built during the suburb's original Housing Commission development, with a growing number of knockdown rebuilds on the wider blocks. Streets around Parkhill Drive, Ashwood Drive and Queens Parade are quiet and close to local parks, which keeps them popular with young families. Compared with Ashburton next door, buyers generally get more land for their budget here.

Units and townhouses

Newer townhouse developments have gone up along Warrigal Road and closer to Chadstone Shopping Centre, aimed at downsizers and first home buyers who want to stay in the area without maintaining a full block. Older walk-up unit blocks from the 1970s and 80s are scattered through the suburb and tend to sell to investors given the modest weekly rents on offer. Unit turnover is higher here than in Ashburton, which makes the median a more reliable read of the market.

Top 10 things Ashwood locals love

Warrigal Road's everyday shops, cafes and takeaway
Chadstone Shopping Centre, a short drive or bus ride away
Queens Parade Reserve and its playspace on the Gardiners Creek Trail
Ashwood Drive Reserve, with its slide, spinner and climbing equipment
Ashwood Reserve's off-leash dog area, also on the Gardiners Creek Trail
The Ctesiphon Concrete Supermarket and Residence, Robin Boyd's heritage-listed "igloo" buildings
Ashwood High School, one of the more improved government secondary schools in the area
Quick access to the Monash Freeway
Ashburton, Holmesglen and Jordanville train stations, all a short drive away
Wide, tree-lined streets with an established, settled feel

The walking track through Queens Parade Reserve alongside the Gardiners Creek Trail

Queens Parade Reserve's walking track links straight into the Gardiners Creek Trail.

Top 10 clubs and community organisations in Ashwood

Ashwood Netball Club, part of the Waverley District Netball Association
Ashwood Basketball Club
Ashwood Sports Club, fielding football, cricket and netball teams at Essex Heights Reserve
Waverley Hockey Club, based in Ashwood and one of Australia's largest hockey clubs
Essex Heights Netball Club
Monash Croquet Club, based at the Ashwood Electra Community Centre
Monash Men's Shed
Parkhill Primary School parent community
Ashwood High School parent and alumni community
St Mary Magdalen's Parish, serving the Ashwood, Jordanville and Chadstone Catholic community

Six things to check before buying in Ashwood

01 Confirm the school zone for the exact address

School-zone boundaries do not simply follow suburb boundaries and may change. Confirm eligibility for the specific property through Find my School before relying on a listing description or making an offer.

02 Compare like with like

A suburb median combines properties of very different sizes, ages and conditions. Compare recent sales with similar land, accommodation, location, school access and renovation quality.

03 Prepare before the right home appears

Well-positioned family homes can be tightly held. Having finance, conveyancing advice and a building-inspection plan organised early can help buyers act with greater confidence.

04 Look beyond the property itself

Street position, traffic, orientation, nearby development and walking access to shops, parks and public transport can influence both day-to-day liveability and future buyer demand.

05 Check planning and heritage controls

Heritage controls may apply to selected properties and precincts and can affect demolition, alterations or redevelopment. Obtain a planning property report for the exact address through VicPlan and seek professional planning advice where required.

06 Consider the wider school network

Most suburbs sit close to a number of government and independent schools. Travel time, enrolment rules and the needs of multiple children may be just as important as distance on a map.

The quiet street behind Chadstone that families keep asking about.

Common buyer groups in Ashwood

Common buyer profiles encountered in the local market may include:

Families prioritising school access

Buyers who begin with a specific school requirement and then assess accommodation, land, condition and transport within the eligible area.

Upsizers seeking more space

Households moving from smaller homes or nearby suburbs in search of additional bedrooms, flexible living areas, outdoor space or a larger allotment.

Local owners changing housing type

Long-term residents who want to remain close to familiar services and community connections while moving to a townhouse or unit with less maintenance.

Schools in and around Ashwood

Government schools

• Parkhill Primary School

• Ashwood School (specialist school)

• Ashwood High School

• Essex Heights Primary School, Mount Waverley

Independent schools nearby

• St Mary Magdalen's School, Chadstone (Catholic)

• Avila College, Mount Waverley (Catholic, girls, Years 7 to 12)

• Sacred Heart Girls' College, Oakleigh (Catholic, girls, Years 7 to 12)

• Emmaus College, Burwood and Vermont South (Catholic, co-ed, Years 7 to 12)

This is a general proximity list, not an enrolment or zoning guarantee. Confirm government-school eligibility for the specific address and contact individual schools regarding enrolment requirements.

Where to go from here

Houses for sale in Ashwood →Recent sales in Ashwood →Fletchers Ashwood office →More eastern suburbs guides →All Fletchers suburb guides →

Questions about buying or selling in Ashwood

What is the median house price in Ashwood?

What types of properties are available in Ashwood?

Ashwood has a fairly even mix of established houses and higher-turnover unit and townhouse stock, with roughly a third of sales made up of units and townhouses in a typical year. That mix gives buyers more entry points than Ashburton next door, from a full block for a knockdown rebuild through to a low-maintenance townhouse near Chadstone.

How do I find out what my Ashwood property is worth?

A useful appraisal considers recent comparable sales, land size, orientation, accommodation, condition, planning controls, school zoning and current buyer demand. Contact the local Fletchers team for a confidential, property-specific assessment.