Ascot is primarily a residential area with some commercial development along Racecourse Road. It reaches from Sefton Road in the north to the Racecourse Road in the South and from The Doomben Railway line in the east to Kidson Street in the west.
Quite aptly since there are two racecourses here, Ascot is named after the famous race track in England. The area has been settled from 1855 and was primarily an agricultural area. In 1863 the Eagle Racecourse was established followed by the Doomben Racecourse in 1933. The extension of the railway line fuelled growth in the 1880’s and 1890’s. The subdivision of land in the 1920’s fuelled further growth which continued on through the Second World War and in the post-war years. New residences in the area have led to a slight population growth since the 1990’s.
There is one shopping centre, one school and the Bartley’s Hill Reservoir in addition to the two racecourses which count as features in the area. You can choose to travel to the Brisbane CBD by bus or train – about twenty to twenty five minutes – or by the more leisurely ferry ride – about half an hour or so.
This is a more affluent suburb with a great deal of larger homes. Median house prices are high but the homes are mostly old Queenslanders and well worth the outlay. This is not a starter home area but you can get some units that are more reasonably priced. The median house prices tend to outperform the average house prices for the region but tend to follow the same highs and lows – it moves along the same curve. Houses on the market here tend to sell more quickly than is true for other areas within this region making it very popular with property management Ascot experts.
The area itself is well developed with a great infrastructure. There are several eateries in the area and some great amenities. There is a good mix of different age demographics in the area but by and large almost half of the residents are married. A third or so have never been married at all. About half of the homes here are detached houses, flats and semi-detached housing makes up the remainder. There is a fairly even spread between those that own their own homes and those that rent their homes as is easy to see from free rental appraisal Brisbane reports.
This is a well-established and developed suburb with less room for growth but is a good safe investment area.
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