Ascot Vale

POSTAL CODE: VIC, 3032

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,330,000.

The downward trend in home prices in ASCOT VALE, 3032 averaged -0.17% per annum over a 3-year period.

Average weekly rents on listings have reached the $700 mark, reflecting a 2.74% increase in returns based on the current median price in ASCOT VALE.

An average of 15.42 real estate transactions take place per month in ASCOT VALE which translates to 185 per annum.

185 properties were sold in ASCOT VALE in 2016, making it the 497th most active market in VIC based on total real estate transactions.

ASCOT VALE, 3032 places 618th in Australia based on median property value growth during the quarter.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $650,500.

Average median unit prices in VIC have risen as a whole, pulling ASCOT VALE, 3032 values up and netting property investors a capital gain of 15.13% for the past year.

Investors saw the median home price rise to $650,500.

The upward trend in home prices in ASCOT VALE, 3032 averaged 3.42% per annum over a 3-year period.

ASCOT VALE now ranks at the 12th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in ASCOT VALE are high, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $520 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In ASCOT VALE, homes and units usually stay on listing for an average of 38.5 days.

94 properties were sold in ASCOT VALE in 2016, making it the 11th most active market in VIC based on total real estate transactions.

Surburb overview

Ascot Vale, located approximately 6 kilometres north-west of Melbourne's Central Business District, is an inner-city suburb within Moonee Valley. According to the 2021 Census, it has a population of 15,197 residents.

The suburb's demographic profile is diverse, with a median age of 37. Households in Ascot Vale primarily comprise couples with children, reflecting its family-friendly environment. The area has experienced steady population growth, increasing from 13,476 residents in 2011 to 14,742 in 2016 and reaching over 15,000 by 2021.

Ascot Vale is well-served by public transportation, offering residents convenient access to various parts of Melbourne. The Ascot Vale railway station at Burn Lin provides line services to the CBD and northern suburbs. Tram route 57 runs through the suburb, connecting Ascot Vale to the city centre and other vital destinations. Several bus routes operate through the suburb, enhancing connectivity to neighbouring areas.

Ascot Vale offers a range of amenities catering to residents' daily needs. The suburb features a variety of cafes, restaurants, and shops, particularly along Union Road and Ascot Vale Road, contributing to its vibrant local economy. Ascot Vale has several educational institutions, including primary and secondary schools, providing quality education options for families. Residents can access medical centres near significant hospitals, ensuring comprehensive healthcare services.

The suburb features several parks and green spaces, providing areas for outdoor activities and community gatherings. Local centres offer programs and activities catering to diverse interests, fostering a strong sense of community.

Ascot Vale's blend of historical significance, cultural diversity, and modern amenities makes it a desirable location for residents seeking a vibrant urban lifestyle.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,330,000	$650,500
Growth Report
Median Quarterly	-2.03%	13.03%
Median 12 month	2.31%	15.13%
Median 3 years	-0.52%	10.25%
Median 5 years	6.4%	4.66%
10 years average annual	4.53%	2.32%
Weekly media advert. rent	$700	$520
Time on Market	62.7 days	38.5 days
Gross Rental Yield Percent	2.74%	4.16%

Demographics (Median Values)*

Total Population 29450

Weekly Household Income 1720

Household Size 2.50

Average Age 33

Monthly Loan Repayment 2000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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