Ashmont, NEW-SOUTH-WALES Real Estate & Suburb Profile

About Ashmont Real Estate

Ashmont, known originally as "J.J. Salmon's Estate" is a south-western suburb of Wagga Wagga, New South Wales, Australia. The suburb is named after the Salmon family's original homestead that was located where the suburb now stands.
Ashmont was first urbanised in the late 1950s, and during the 1970s large areas were developed by the then State Housing Commission (now known as Housing NSW). As of 2019, 21% of dwellings in Ashmont are owned by a federal or state housing authority. The suburb has a high rate of social disadvantage and crime, with crime rates significantly higher compared to state-wide averages.
A small shopping centre, the New South Wales State Emergency Service Murrumbidgee Region and New South Wales Rural Fire Service Riverina Zone Headquarters are located within the suburb.
The Carmelite Monastery, a community of monastic, contemplative nuns, is situated on Morsehead Street.

Property Investment Potential

When analyzing the local real estate landscape, Ashmont presents a dynamic opportunity. With median property prices sitting around $2,115,000 and delivering an average rental yield of 2.3%, the area caters nicely to both owner-occupiers and savvy investors. Properties typically spend an average of 38 days on the market, underscoring the consistent demand in this part of New South Wales. For accurate financial planning, check out our investment calculators to estimate your potential returns.