Are you looking to purchase a home or an investment property in the sought after suburb of Ascot? We as Ascot Buyers Agents have made it easy for you by compiling everything you need to know into this Ascot Buyers Guide. This article will share with you what is important to know when choosing a place to live or to invest in the Brisbane suburb of Ascot.
Ascot
Geography:
Ascot is located approximately 7km from the Brisbane CBD towards the northeast of the city center. The area is known for its established tree lined streets and large character Queensland homes. There are desirable pockets within ascot that are elevated to take in the Brisbane River and city views.
There are a number of landmarks established in Ascot. One family built 14 Sutherland Avenue in Ascot in c1886, which has since been preserved and refurbished. This property last sold in March 2020 for $13,150,000. Ascot is now home to high wealth families in Brisbane. It is considered a premium suburb.
Transport:
Due to the popularity of the horse races, a railway line was extended all the way to Ascot. The train line runs alongside the racecourse and gives locals easy public transport options to the Brisbane CBD. Ascot is also very close to the airport and Gateway motorway making interstate travel and overseas travel convenient, as well as car trips to the Sunshine Coast or Gold Coast. There is also access to Bus services throughout the suburb and the closest Ferry terminal is located 1km away at Bretts Wharf Ferry terminal.
Check out Translink which will give you more information on the ferry, trains and buses available throughout Ascot HERE.
Education:
The State School options for Ascot include the highly desirable enrollment managed school Ascot State School and the high schools Aviation High & Clayfield College. Most families in the area choose to enroll their children into private schools for the high school years. Some private schools close by include, St Agatha’s Primary School, St Rita’s College, St Margaret’s Anglican Girls School and Nudgee College. When it comes to education it is hard for us to tell you what the best school is in the Hamilton Buyers Guide and this is because everyone preference if different when it comes to education. A previous blog post of ours on finding the best Brisbane school catchment might be useful in this instance.
Amenities:
Racecourse Road provides a long strip of restaurants and specialty stores as well as a Coles supermarket for all of your essential needs. There are various locations within Ascot for good coffee as well as many boutique retail stores.
Green Space:
Both Ascot Park and Oriel Park are very popular green spaces in this area. They provide tranquil grass areas and play sets for children. You will find these parks to be quite busy on weekends, great for meeting the locals while tiring the kids out at the same time.
Employment Hubs:
The majority of locals living in Ascot would commute to the CBD for work. Kingsford Smith Drive has just had a recent upgrade to help commuters access the CBD easily. Ascot is also 8km to the Airport for those locals that travel interstate for work.
Typical Block Size & House type:
Ascot is a suburb where you will find large family homes on larger than normal sized blocks of land. Whilst there are some smaller blocks of land in the area, the majority homes in this suburb are typically on a block size greater that 600sqm. Because Ascot it is a highly desirable area, some infill housing is becoming more popular on 400sqm blocks, which makes the homes more affordable for families wanting to get into the area.
In Ascot the majority of properties are character Queenslander homes. Queenslanders in Brisbane are protected from demolition so most families in the area add modern extensions on the back or reinvigorate the true character of the traditional features through a renovation. Due to the larger blocks of land in this suburb, the homes in Ascot typically look very grand and have very strong street appeal with tree lined street and family vibes.
Demographics:
Ascot is an area with high wealth. The weekly family income is at $2,895 (Qld avg. = $1,661). According to SQM research, the percentage of owner-occupiers is at 50.88% and 49.12% for renters. The postcode for Ascot also captures Hamilton, which is an area with high-density unit complexes so take the numbers with a grain of salt as most of the properties in Ascot are houses that are dominated by owner occupiers.
Most Desirable Area:
There are many highly desirable pockets in Ascot to consider. The pockets surrounding Oriel Park are quiet, tree lined streets and family orientated. Staying away from the main cut through roads is preferable for quiet enjoyment of this location. The properties in and around Ascot State School are also highly desirable for families.
Check out a list of Ascot’s grandest estates:
- 14 Sutherland Avenue, Ascot – Sold in 2020 for $13,000,000
- 10 Morgan Street, Ascot – This property has been on market for over 4 years
- 128 Crosby road, Ascot – Sold in 2017 for $8,800,000
- 15 Towers Street, Ascot – sold 2020. Price expectations were $8,800,000 the final price was undisclosed
- 1 Palm Ave, Ascot – Sold in 2015 for $6,000,000
Least Desirable Area:
Because Ascot is an elevated area, the entire suburb is flood free from both Brisbane river flooding and Creek flooding. There are pockets that have overland flow which buyers need to be aware of. The least desirable area in Ascot is the pocket to the East of Nudgee Road. This area is further away from parks, shops and is in the plane noise overlay for being closer to the airport. Check out HERE to see if the plane noise overlay affects a specific address you may be considering in Ascot.
Median Price Values:
Median Price values in Ascot as at September 2020 are $1,450,000 with the upper quartile price at $2,100,000 and the lower quartile price sitting at $1,065,000.
Suburb Growth:
The capital growth rate for Ascot over the last 5 years has been 4.6% per year.
I hope the information in this Ascot Buyers Guide has been helpful on your quest to buy your next property in Ascot. If you need further help from an Ascot Buyers Agent to secure a property in this location we can help. Please reach out by booking a discovery call through the link below. Please also click HERE if you are interested in finding out about other suburbs in Brisbane.
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