Could Ascot be the best suburb in Brisbane’s northern suburbs? Read on to find out!
Overview
Ascot, located just 5 km northeast of Brisbane CBD, is a prestigious suburb renowned for its affluent lifestyle, stunning Queenslander homes, and vibrant community. The suburb’s proximity to iconic destinations like Racecourse Road and Eagle Farm Racecourse, coupled with excellent schools and recreational amenities, makes it highly desirable for families, professionals, and investors.
Suburb Snapshot
- Median House Price (2024): $2,750,000
- Annual Growth Rate (2024): +14.6%
Location Highlights:
- 5 km to Brisbane CBD (approx. 10-minute drive)
- 95 km to Sunshine Coast CBD (approx. 1.5-hour drive)
- 9 km to Westfield Chermside (approx. 15-minute drive)
Demographics
- Population: Approximately 7,700 (2021 ABS data)
- Median Age: 39 years
- Housing Types: Predominantly Queenslander-style homes, modern apartments, and luxury residences
Property Market Overview
Ascot’s property market showcases exceptional growth and demand:
House Market:
- Median House Price (2024): $2,750,000
- Rental Yield (Houses): 2.3%
- Median Rent (Houses): $1,200/week
- Vacancy Rate (Nov 2024): 1.0%
Unit Market:
- Median Unit Price (2024): $685,000
- Rental Yield (Units): 4.6%
- Median Rent (Units): $600/week
Long-Term Growth Insights: Ascot has demonstrated steady long-term growth, with the median house price rising from $850,000 in 2006 to $2,750,000 in 2024, reflecting an annual growth rate of 6.38%. Notable growth years include 2021 (+30.3%) and 2022 (+25.2%), driven by its luxurious appeal and strong demand for high-end properties.
Notable Recent Sales:
- 56 Palm Avenue: $4,950,000 (Nov 2024)
- 88 Massey Street: $3,510,000 (Nov 2024)
- 15A Jolimont Road: $3,500,000 (Sep 2024)
Education Options
- Primary Schools: Ascot State School
- Secondary School: Aviation High
- Private Schools: St Margaret’s Anglican Girls’ School, St Rita’s College
- Child Care Centres: 4 centres, including Ascot Early Learning Centre
Lifestyle and Amenities
Ascot offers a premium lifestyle with unmatched amenities:
- Shopping: Racecourse Road precinct, Portside Wharf
- Parks: Oriel Park, Crosby Park
- Recreational Facilities: Eagle Farm and Doomben Racecourses, Brisbane Riverwalk
Health and Wellbeing
Ascot residents benefit from top-tier healthcare access:
- Local Healthcare Services: Ascot Medical Centre
- Closest Hospitals: Royal Brisbane and Women’s Hospital, St Vincent’s Private Hospital
- Pharmacies: TerryWhite Chemmart Ascot
Community and Employment
Ascot’s close-knit community and strategic location enhance its desirability:
- Employment Sectors: Healthcare, hospitality, and retail
- Community Activities: Regular markets and events at Racecourse Road and local parks
Recent and Planned Developments
- Racecourse Road Precinct Upgrade:
- Purpose: Revitalise shopping and dining experiences
- Impact: Enhanced lifestyle appeal and increased property values
- Kingsford Smith Drive Expansion:
- Purpose: Improve traffic flow and connectivity
- Impact: Better access to Brisbane CBD and surrounding areas
For more development projects in Brisbane North, [Click here].
For more development projects in South East Queensland, [Click here].
Key Statistics Table
| Metric | Value |
|---|---|
| Population | 7,700 |
| Median House Price (2024) | $2,750,000 |
| Median Rent (Houses) | $1,200/week |
| Rental Yield (Houses) | 2.3% |
| Median Unit Price (2024) | $685,000 |
| Median Rent (Units) | $600/week |
| Rental Yield (Units) | 4.6% |
| Child Care Centres | 4 |
| Distance to CBD | 5 km |
| Notable Parks | Oriel Park, Crosby Park |
Brisbane Buyer’s Agent Introduction
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Conclusion: Why Choose Ascot?
Ascot’s prestigious character, luxurious amenities, and prime location make it one of Brisbane’s most desirable suburbs. Its access to elite schools, vibrant community, and proximity to iconic attractions like Racecourse Road highlight its appeal. Whether you’re seeking a high-end family home or a premium investment opportunity, Ascot delivers unparalleled value and lifestyle benefits.
Ready to make Ascot your next destination? Contact us today to begin your journey!