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Ascot Vale, VIC 3032

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Ascot Vale, VIC 3032 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Ascot Vale, VIC 3032”

  1. The total adult population (15 years or older) of Ascot Vale 3032 VIC is 12,511, with a median age of 37. Of those, 41.80% are married, 11.00% are divorced or separated, 43.92% are single and 3.29% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $12,100. The median monthly mortgage repayment for households in this suburb is $2,458 which is 20.31% of their earnings.

    Source: ABS Census Data (2021)

  2. The attractive suburb of Ascot Vale, postcode 3032, sits within the beautiful state of Victoria and houses approximately 7787 households. As the third quarter of 2023 unfolds, the typical price for houses in Ascot Vale stands at a premium $1,339,326. The median weekly rent here is reported at a competitive $658, which produces a slightly under-market indicative yield of 2.55%.

    When dissecting the IRSAD score – an indicator of socio-economic status, Ascot Vale is standing strong with a score of 1062 out of 1217, reflecting the relatively high-income levels, robust economic resources and a locality enriched with skilled professionals.

    Diving deeper into housing characteristics, Ascot Vale presents a renter to owner ratio of 38%, signifying that the suburb has a balanced mix of homeowners and tenants. The units to houses ratio stands at 33%, indicating a lower proportion of units, which is favourable as it reduces high competition amongst property investors.

    However, on the flipside, the affordability index paints a slightly grim picture. Buyers looking to fully own a property in Ascot Vale would have to wait 43 years, considering current interest rates and median income, which surpasses the standard 30-year mortgage term – indicating decreased affordability.

    Abundance isn’t always a good thing, especially when it comes to the property market. However, Ascot Vale has a stock on market percentage of a mere 0.23% for houses, exhibiting extremely low housing supply which is favourable to sellers. The inventory level, representing the absorption measure of the market is at a commendably low 0.91 months.

    Keeping up with the construction tempo, the building approvals ratio for houses in Ascot Vale is low at 0.23%, signalling restrained new supply – a favourable condition for existing homeowners. Another positive attribute of Ascot Vale’s property market is the short 20 days on market (DOM) for houses, a sign of significant demand.

    Vacancy rate plays an integral role in defining the demand-supply balance. In Ascot Vale, the combined vacancy rate for houses and units is relatively low at 1.22%, contributing to a favourable environment for landlords. The buy search index stands at 4, slightly above the average, showing modest demand for purchase in this suburb.

    To capitalise on property investment opportunities, it’s key to stay informed about the latest market dynamics while taking all these various factors into account. Tools such as the HtAG Analytics’ RCS metric can simplify this for you, offering a holistic overview of over 80 essential local property market metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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