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Ascot, VIC 3551

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, VIC 3551 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 

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5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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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, VIC 3551”

  1. The total adult population (15 years or older) of Ascot 3551 VIC is 1,947, with a median age of 35. Of those, 53.26% are married, 9.40% are divorced or separated, 33.28% are single and 3.80% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,172. The median monthly mortgage repayment for households in this suburb is $1,517 which is 18.56% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, the suburb of Ascot 3551 is estimated to house around 1054 households. As we move into the third quarter of 2023, prices for houses in Ascot 3551 are found to be approximately $676,644 on average. The median weekly rent stands at $458, which, when taken into account with the typical price, presents an indicative yield of 3.52%.

    When considering the socio-economic status of the suburb, Ascot boasts an IRSAD score of 981 out of 1217. This substantial score signifies healthy economic resources, good income levels, and a notable number of employees in proficient occupations within the suburb’s population.

    Debatably advantageous for interested property investors, Ascot has a low renter to owner ratio of 16%. While markets that teem with rental properties can run risks in the long term due to high competition, Ascot’s lower ratio may indicate the potential for higher returns, as there’s a greater proportion of homeownership creating a more stable neighbourhood ‘vibe’.

    A low units to houses ratio of just 1% also adds to its appeal, as an oversupply of units (apartments, flats, studios, etc.) can fray a property market. With predominantly houses, Ascot may attract families who are in for the long tenancy haul and can uphold better rental yields.

    However, the affordability index is on the steeper side in Ascot, with an estimated 32 years duration required to pay off a house entirely, based on average income and interest rates. This suggests a decreased affordability, which might affect the market attractiveness.

    From a supply perspective, Ascot presents a positive scenario with only 0.28% of houses on the market, indicating a low supply market. Coupled with a swift inventory turnover of 0.69 months, this indicates how readily the market absorbs new listings. However, a building approval ratio of 2.28% tentatively signals an increase in supply of new dwelling stock, which could affect market dynamics down the line.

    In terms of demand, properties in Ascot typically remain on the market for 54 days. This falls under the neutral range suggesting balanced market conditions. The combined vacancy rate for houses and units stands at 1.74%, indicating a healthy demand due to modest availability. Lastly, a buy search index of 4 shows moderate demand for properties in Ascot 3551.

    Understanding these metrics can help investors weigh the potential merits and drawbacks of investing in the Ascot 3551 suburb. However, remember to consider overall market trends and factors beyond these metrics. Remember, good market decisions are based on a comprehensive view of the property landscape. An automated tool such as HtAG Analytics’ RCS (Relative Composite Score) can assist with more detailed, in-depth market analysis.

    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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