Ascot Vale 3032

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Planning to live or buy a property in Ascot Vale? 

If you are planning to buy your first home, relocate or buy an investment property in Ascot Vale and surrounding areas, here’s everything you need to know about the neighbourhood and how the property market is performing. 

 

About Ascot Vale 

Ascot Vale is a charming inner-city suburb located about 6km northwest of Melbourne’s CBD. It is part of the City of Moonee Valley local government area and recorded a population of 15,197 in the 2021 Census, reflecting its growing appeal as a desirable place to live.

With exceptional transport links, Ascot Vale is seamlessly connected to the city and beyond. Two train stations, as well as multiple tram and bus routes, ensure convenient access to the CBD and surrounding suburbs. The suburb is a short drive from Essendon and Tullamarine Airports, making it an excellent choice for frequent travellers. 

Ascot Vale’s proximity to Highpoint Shopping Centre makes shopping easy! More nearby attractions are the Melbourne Showgrounds, Flemington Racecourse, and the local golf club providing endless entertainment. Sports enthusiasts are well catered for, with a variety of facilities on hand to suit active lifestyles. 

At the heart of Ascot Vale lies the lively Union Road Shopping Precinct is a bustling hub with boutique shops, cafes, and restaurants offering diverse cuisines. Whether you're after a quick coffee or a gourmet dining experience, Union Road has it all.

Nature lovers will feel at home here. The Maribyrnong River winds its way through the suburb, offering serene walking and cycling paths set against picturesque scenery. Parks such as Walter Reserve and Fairbairn Reserve add to the abundance of green spaces, creating a recreational haven for residents and fostering a strong sense of community.

For young families looking to move to Ascot Vale, the area is not short of school options, with private and public primary and secondary schools, making Ascot Vale a fantastic option for those seeking a family-friendly environment with excellent educational opportunities.

 

Property market in Ascot Vale 

• Over the last year, the median unit price in Ascot Vale last year ranged from  $1,260,000 for houses and to $520,000 for units. 
• If you are looking for an investment property, consider houses in Ascot Vale rent out for $695 PW with an annual rental yield of 3.1% and units rent for $500 PW with a rental yield of 5.2%. 
• Ascot Vale has seen an annual compound growth rate of -6.3% for houses and -6.7% for units*.

You can find the latest data on Ascot Vale’ properties here.

_{*Data from realestate.com.au updated in November 2024.}

 

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