It is named Ashwood because of its position between Ashburton and Burwood.
Driving from the city to Ashwood should take about 18 minutes, however much depends on traffic levels along the busy Monash Freeway. The major roads that run through Ashwood including High Street and Warrigal Road are among the most congested in Melbourne. Highbury Road and Huntingdale Road are also major thoroughfares in the suburb.
According to the REIV, Ashwood’s median house price for the year ended December 31, 2007, is $603,500, up 39.4 per cent since 2006.
The REIV annualised median figures are considered more statistically reliable than the quarterly figures released throughout the year, because they survey a much greater sample of properties.