Up and coming neighbourhoods: A closer look at Ascot Vale

4 Apr 2017

 

Melbourne’s a thriving city, constantly ranked as the best in the world in terms of liveability. The question is, where’s the best place to live in one of the world’s most liveable cities?

We love the excitement and historic character of Brunswick, the peace and quiet of Attwood and the vibrancy of the city centre. There are dozens of other suburbs that we’d consider as well. However, we can’t go past Ascot Vale in the inner north when it comes to finding an area that truly has it all.

Is it the place, the lifestyle or the property that makes this such a great place to call home?

Ascot Vale is one of Melbourne's most exciting locations. Ascot Vale is one of Melbourne’s most exciting locations.

The place

‘The Vale’ is just under seven kilometres from central Melbourne – far enough to feel removed, but close enough to be convenient and vibrant. It’s just four quick stops from the CBD train station.

There’s more to the place than just a great location though. Settled in the early 1800s, the area’s long history shows through in the abundance of character homes available, and the quaint charm of its narrow streets.

The suburb’s not stuck in the past though. There are few better spots in Melbourne for lovers of forward thinking lovers of food, drink and culture, thanks to a recent proliferation of hip restaurants, cafes, bars and boutiques. This has attracted a young crowd to the area, adding to its unique personality.

The lifestyle

Far enough to feel removed, but close enough to be convenient and vibrant.

Central Melbourne is a brilliant location. But with a population density of almost 18,000 people per km2, all the chaos and noise can get a bit much day in and day out. That’s why Ascot Vale is such an incredible spot. With a population density of only 400 people per km2, as reported by id, it’s far more easy going and relaxed.

Despite that, a diverse cultural makeup ensures that it’s never boring here, with large numbers of Vietnamese, and Italian immigrants. The local food scene benefits from this diversity, offering a range of different cuisines that will impress even the most discerning and adventurous foodies.

When it’s time for a little rest and relaxation, there’s countless public parks to explore. Victory Park is perhaps the most well known and is home to what may just be Melbourne’s best playground – a massive wooden play-fortress that will make your wee one’s dreams come true.

The property

With such a great location, and lifestyle on offer, it’s clear why Ascot Vale property is in high demand. Residex data shows that on average homes only stay on the market for 18 days here, so you’ve got to be quick to snap up the best.

Thanks to burgeoning demand property values are on the up, increasing by roughly 16 per cent a year for the last two years.

Ascot Vale is an up and coming investment location. Ascot Vale is an up and coming investment location.

The median value of a house here is north of $1 million but there’s still brilliant value to be found at that price. First home buyers and bargain-seekers may want to look to units as a more affordable way into this outstanding suburb. The median price is only $475,000 and it’s possible to find them under $400,000 if you know where to look.

There are countless incredible neighbourhoods in Melbourne, but Ascot Vale has to be one of the best for those searching for a new home.


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