All About Ascot, Brisbane, QLD, 4007

Ascot, a prestigious suburb in Brisbane, Queensland, is renowned for its affluent housing market characterized by grand Queenslanders, elegant modern homes, and luxurious apartments. This suburb has long been considered one of Brisbane's most desirable areas, with median house prices reflecting its high status and demand. In recent years, the market has displayed resilience and stability despite broader economic fluctuations, maintaining strong value due to its limited supply and consistent demand from wealthy buyers seeking proximity to the city, excellent schools, and lifestyle amenities. The leafy streets lined with jacarandas and well-maintained parks add to the suburb's charm, making it a coveted location for homebuyers and investors alike. Its proximity to Brisbane's CBD, just 7 kilometers away, and easy access to public transportation further bolster its attractiveness, ensuring that the housing market in Ascot remains vibrant.

Living in Ascot is synonymous with a lifestyle of sophistication and convenience. Residents enjoy a sense of community while having access to an array of high-quality amenities. Racecourse Road, the suburb's bustling hub, offers an impressive selection of cafes, boutique shops, and restaurants that cater to a variety of tastes and preferences. The suburb’s proximity to the Brisbane River provides opportunities for leisure activities, including riverside strolls and bike rides. Families are particularly drawn to Ascot due to the presence of some of Brisbane’s top-rated schools, such as St Margaret's Anglican Girls School. Additionally, the suburb hosts the Eagle Farm and Doomben racecourses, reflecting its rich equestrian heritage and offering a unique social calendar for residents. Overall, living in Ascot presents a blend of luxury, charm, and practicality, making it an ideal setting for those seeking a well-rounded lifestyle in one of Brisbane's premier locations.

Ascot Real Estate Market Outlook

Thinking about buying in Ascot? Now could not be a better time, with 4830 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,813,000 with prices in this suburb ranging from $292,000 to $15,021,000. Ascot is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Ascot ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Ascot provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Ascot necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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