Ascot Vale

Ascot Vale, located about 5 km northwest of Melbourne’s Central Business District, is part of the City of Moonee Valley. This inner suburb is known for its vibrant community, charming period homes, and excellent proximity to the city, making it a popular choice for diverse residents.

Demographic Profile

• Population: Ascot Vale is home to a dynamic and varied population. According to the 2021 census, the population of Ascot Vale is 15,197.
• Predominant Age Group: The suburb is particularly popular with young professionals and families, with many residents in the 20-39 age group.
• Median Household Income: Typically, the income level aligns with the Melbourne metropolitan average.
• Occupancy: There is a balanced mix of homeowners and renters, with a diverse range of housing types available.

Real Estate and Growth

• Median House Prices: The median house price in Ascot Vale hovers around AUD 1,200,000.
• Median Unit Prices: The average price for units and apartments is approximately AUD 600,000.
• Rental Market: The median house rent is around AUD 550 per week, while it’s near AUD 400 per week for units.
• Market Trends: Ascot Vale has experienced healthy growth in property values, driven by its proximity to the city and community atmosphere.

Education and Lifestyle

• Schools: The suburb hosts several reputable schools, including Ascot Vale Primary School, catering to the educational needs of its residents.
• Local Vibe: Ascot Vale is known for its lively atmosphere, with various cafes, restaurants, and local boutiques lining its streets.
• Community Insights: Residents enjoy the suburb’s mix of urban convenience, quieter residential streets, and a strong sense of community.

Transportation

• Public Transport: Well-connected by public transport, including train services from Ascot Vale station and multiple tram and bus routes.
• Road Access: Excellent access to major arterials, including the CityLink freeway.

Notable Features

• Proximity to City: Its close location to Melbourne’s CBD makes it highly attractive for city commuters.
• Recreational Areas: The suburb is near the Maribyrnong River, offering scenic paths for walking and cycling and several parks, including the famous Fairbairn Park.

Ascot Vale is a dynamic and appealing suburb for those seeking a blend of urban lifestyle and suburban comfort. It is especially suited for young professionals and families who appreciate the proximity to the city, diverse housing options, and the vibrant local community. Its steady property market and lifestyle amenities contribute to its desirable location in Melbourne.