ascot vale

3032, Victoria

Real Estate & Property Information

Median
Price Rank
99

ascot vale Suburb Profile & Review

Ascot Vale is popular with residents for a number of reasons: proximity to the city, leafy streets and wide open spaces. In the past few years the suburb has become more affluent, though it still manages to retain its diversity. The Union Road shopping strip is home to restaurants, cafes and a few retail outlets. There are three primary schools, which reflects the strong presence of young families in the area. The Western Autistic School's arts program campus also caters to the suburb.

Travel to the inner city and outer western suburbs is incredibly convenient. From Ascot Vale Station, it takes a mere ten minutes line to reach the city on the Craigieburn railway line. There are also three tram routes: route 57 (West Maribyrnong to Elizabeth Street in the city), route 59 (Airport West to Elizabeth Street) and route 82 (Moonee Ponds to Footscray).

The suburb is most well-known for the Royal Melbourne'showgrounds, which hosts events throughout the year, in particular the Royal Melbourne Show. Flemington Racecourse is just across the road in bordering Flemington. It also hosts a great deal of events and music festivals throughout the year.

ascot vale Demographic Data

$ 721,000 Median House Price

17 Minutes Average Commute

35 Median Age

13,475 Population

51.02 % Female

48.98 % Male

3449 NO OF FAMILIES

1.7 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in ascot vale, Victoria.

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ascot vale Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

ascot vale Median House Prices

  • 2008 $ 600,000
  • 2009 $ 670,000
  • 2010 $ 622,500
  • 2011 $ 747,000
  • 2012 $ 721,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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ascot vale 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in ascot vale have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term ascot vale property price predictions.

ascot vale Market Property Types

  • 55 % Seperate House
  • 15 % Semi Detached
  • 30 % Flat or Unit
  • 1 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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ascot vale Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

ascot vale Income & Mortgage Stats

  • $ 1,447 Median Weekly Household Income
  • $ 2,167 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in ascot vale

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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ascot vale Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

ascot vale Sold Property Prices

ascot vale Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

ascot vale Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

ascot vale Restaurants

  • Yim Yam Thai Laos415 Mt Alexander Rdascot vale VIC 303203 9372 8099
  • Yemeni Restaurant124 Union Rdascot vale VIC 303203 9372 0854
  • SunRise Indian Restaurant498-500 Mt Alexander Rd ascot vale VIC 303203 9372 7732

ascot vale Cafes

  • Upon This Rock169 Union Rd ascot vale VIC 303203 9372 7566
  • Ascot Pasta and Deli Cafe191 Union Rdascot vale VIC 303203 9372 7163
  • Mister Nice Guy's Bakeshop151 Union Rd Ascot Vale ascot vale VIC 303204 2442 2878

ascot vale Schools

  • St. Marys Primary School74 Roseberry Streetascot vale VIC 3032(03) 9370 1194Catholic Primary School
  • Ascot Vale Special School1 Tasma Streetascot vale VIC 3032(03) 9370 8906Specialist School
  • Ascot Vale Primary SchoolBank Streetascot vale VIC 3032(03) 9370 6507State Primary School

ascot vale Childcare

  • Tree House Child CareMaribyrnong Rdascot vale VIC 3032
  • Showgrounds Child CareEpsom Roadascot vale VIC 3032
  • Wingate Avenue Childrens Co-op13B Wingate Avenueascot vale VIC 3032

ascot vale Kindergarten and Preschools

  • Ascot Kindergarten1 West Streetascot vale VIC 3032
  • Ascot Vale Progress Kindergarten11 Brown Avenueascot vale VIC 3032
  • Coronation Kindergarten34 Roseberry Streetascot vale VIC 3032

ascot vale Sporting Centres and Clubs

  • Essendon Canoe Clubascot vale VIC 3032Boating Club
  • Essendon Hockey Ctrascot vale VIC 3032Hockey Club
  • Fenton Street Reserveascot vale VIC 3032Hockey Club

Find out How Much your House is Worth in ascot vale

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