Location Description: Ascot Vale, located in the City of Moonee Valley, sits about 6 kilometers north-west of Melbourne's central business district. It's bounded by the Maribyrnong River to the south and Moonee Ponds Creek to the west, offering picturesque natural boundaries.
Historical Significance: Originally a farming area, Ascot Vale experienced rapid development in the late 19th century with the arrival of the railway, attracting wealthier residents seeking spacious estates. Over time, it transitioned into a predominantly residential suburb, witnessing waves of gentrification and urban renewal.
Interesting Fact: Ascot Vale Racecourse, a renowned horse racing venue established in 1860, adds a distinctive charm to the suburb's character.
Gentrification: Ascot Vale has undergone significant gentrification in recent decades, with older homes being renovated and modernized, attracting a mix of young professionals, families, and retirees. This influx has contributed to the suburb's vibrant atmosphere and rising property prices.
House Price Growth: Over the past few decades, Ascot Vale has experienced steady growth in house prices, reflecting the increasing demand for its desirable lifestyle and proximity to Melbourne's CBD.
Lifestyle
Reserves and Green Spaces: Ascot Vale boasts several parks and reserves, including Riverside Park along the Maribyrnong River, offering residents ample opportunities for outdoor recreation such as walking, jogging, and cycling.
Café Culture: The suburb embraces Melbourne's renowned café culture, with numerous trendy cafes and eateries scattered throughout. Residents often gather for brunch or coffee, enjoying the vibrant social scene.
Events and Festivals: Ascot Vale hosts various community events and festivals, fostering a strong sense of community spirit among residents. The Ascot Vale Village Carnival and Moonee Valley Festival are popular highlights of the local calendar.
Pet-Friendly: Pets are popular in Ascot Vale, with pet owners frequently seen walking their dogs in parks or visiting pet-friendly cafes and shops along Union Road.
School Zones
Primary Schools: Ascot Vale Primary School, St Mary's Primary School
High Schools: Ascot Vale Special School, Ascot Vale Primary School, Ascot Vale West Primary School, Maribyrnong Secondary College
Private Schools: Nearby prestigious independent schools include Penleigh and Essendon Grammar School, Lowther Hall Anglican Grammar School, and St Columba's College.
Demographics
Median Weekly Household Income Growth: Median household income has steadily increased from 2006 to 2021, reflecting the suburb's economic prosperity.
Families and Demographic Groups: Ascot Vale has a diverse population, with a significant proportion of families and young professionals. Major cultural ethnicities include Australian, Italian, and Chinese communities.
Employment: A considerable percentage of residents are professionals and managerial employees, with healthcare, education, and retail sectors being prominent employers. Many residents commute to neighboring suburbs or Melbourne's CBD for work.
Employment
A considerable percentage of residents are professionals and managerial employees, with healthcare, education, and retail sectors being prominent employers.
Many residents commute to neighboring suburbs or Melbourne's CBD for work.
Transport
Public Transport: Ascot Vale is well-serviced by buses, trams, and trains, providing convenient access to the CBD and surrounding areas. The 57 tram and Ascot Vale train station are popular transport options for residents.
Private Transport: While public transport is popular, many residents also rely on private vehicles for commuting and leisure activities.
Shopping Centre's, Restaurants & Facilities
Walk Score: Ascot Vale boasts a high walk score, with numerous amenities within walking distance, including Union Road's shopping precinct, which offers boutique shops, cafes, and restaurants.
Local Facilities: Residents enjoy access to various recreational facilities, including sports clubs, swimming pools, and community centers. The Ascot Vale Leisure Center is a popular destination for fitness enthusiasts.
Development
Ascot Vale features a mix of housing styles, including period homes, modern townhouses, and apartment complexes.
Renovations, knock-down rebuilds, and new developments are common, catering to diverse housing needs.
Capital Growth
Average Capital Growth: Ascot Vale has experienced strong capital growth for houses, townhouses, and units, particularly in sought-after pockets close to parks and amenities. Factors driving this growth include proximity to the CBD, quality schools, and lifestyle amenities.
Buyers: The suburb attracts a diverse range of buyers, including families, young professionals, and investors drawn to its lifestyle offerings and potential for capital appreciation.
Cash Flow
Rental yields for houses, townhouses, and units have shown steady growth over the past decades, reflecting strong rental demand and limited vacancy rates in the suburb.
Ascot Vale's desirable location, lifestyle amenities, and rental affordability appeal to tenants across various demographics.
Rental Demand
Ascot Vale maintains consistently low vacancy rates for rental properties, with demand consistently outstripping supply.
Factors such as population growth, migration trends, and lifestyle preferences contribute to sustained rental demand and stable investment returns.
Why You Require a Buyers Agent in Ascot Vale
Ascot Vale's competitive property market and limited stock levels necessitate expert guidance when navigating real estate transactions. A buyer's agent can provide invaluable insights, negotiation strategies, and access to off-market opportunities, giving buyers a competitive edge in securing their desired property.
With its strong capital growth potential, vibrant lifestyle offerings, and community spirit, Ascot Vale presents an attractive investment opportunity for savvy buyers seeking long-term prosperity and quality living.
Having a buyers agent in your corner is crucial to your success in Ascot Vale. Having the knowledge, strategy, access and negotiation ability will ensure you save thousands on the way in and make potentially millions in the future.
Why not seek Professional Advice from one of our consultants
We are unbiased market investors, who will put you first.
We treat every deal for your portfolio as if it were our own.
We will give the time to understand every clients situation & needs.
Our performance is unparalleled in the industry.
We have a background in Finance, Banking, Mortgages, Leveraging, Taxation & We are Present Market Investors.
We are precise down to the level of the suburb, street & house for greater performance.
The cost of our service is nearly half of what many industry professionals charge, yet their results do not represent value for the cost of their services.
Phone: (02) 9136 0263
Email: admin@compoundinvest.com.au
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