Ascot Vale is a settled mid-to-large suburb in Victoria within the Moonee Valley local government area (postcode 3032). It is home to about 15,197 residents, with a mix of families and early-career residents and a median age of 37. Households earn a median income of $114K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
Median house prices in Ascot Vale stand at $1.2 million, having fallen sharply by 10.5% over the last twelve months. Units have a median price of $503,000 (-3.4% YoY). The current median weekly rent is $575. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,458.
Ascot Vale is served by 4 schools, including 3 primary, 1 special. The average ICSEA score is 1084, which is above the national average of 1,000. Public transport access includes 3 rail stations, 2 tram stops, 62 bus stops. The crime rate in the Moonee Valley LGA is moderate at 7,876 incidents per 100,000 population.
On the investment side, Ascot Vale shows a gross rental yield of approximately 2.6%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 10.2x is considered stretched. House prices have moved -10.5% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.