Melbourne’s growing population has triggered an ongoing need for affordable, city-fringe housing to cater for the 300+ people who are calling one of the world’s most liveable cities home each day. Set to outpace Sydney as Australia’s largest city by 2026, Melburnian house hunters have their sights fixed on sought-after suburbs in the bourgeoning north-west, such as Ascot Vale.
Fondly nicknamed “The Vale” by passionate locals, the leafy suburb is just 5km north-west of the CBD and offers the best of inner-city convenience and peaceful suburban appeal. Despite recent market corrections, the median house price in Ascot Vale remains out of reach for most first-time buyers at $1.1 million+, but hopefuls shouldn’t despair.
Not only will off the plan apartment living be vital to Melbourne’s ongoing growth, but it presents a viable opportunity to purchase in up-market, tightly-held locations at an entry level price point, with projects such as Pace of Ascot Vale selling from just $420,000.
Ascot Vale is particularly popular among young working professionals, with a median age of 35. Commuting from the suburb is easy with trains arriving to the CBD in just 15 minutes. Likewise, the tram line just footsteps from Pace of Ascot Vale which runs via Melbourne’s major hospitals makes the art-deco inspired development at the junction of Mount Alexander Road and North Street ideal for members of the health community.
As long-awaited rail upgrades evolve throughout the City of Melbourne, the already well-connected suburb of Ascot Vale will continue to prosper. Approximately 13 minutes from the nearest planned airport rail stop, Pace of Ascot Vale is ideal for regular interstate and international travellers.
The youthful demographic of Ascot Vale has inspired a range of eclectic, modern dining and entertainment options in the suburb, with no shortage of weekend activities on your doorstep. Union Road is a favourite among locals, with elegant heritage facades hosting a diverse mix of speciality shopping, wine bars, restaurants, cafes and fashion retailers. Ascot Vale is the one-stop-shop of suburbs; one with everything Melburnians love best just moments from home.
A short walk down Epsom Rd to the Melbourne Showgrounds, 5 minutes to Flemington Racecourse and 10 minutes to Melbourne Zoo and Highpoint Shopping Centre, life in Ascot Vale is at the heart of Melbourne’s most popular community events and pastimes.
The allure of Melbourne’s north-west hasn’t been missed by Pace Development Group who, in addition to Pace of Ascot Vale, have a number of exciting developments emerging in the area. Find out more about Pace’s exciting pipeline of projects here.
Pace of Ascot Vale’s display suite is now open for inspection at 468 Mt Alexander Road, Ascot Vale. For more information visit https://pacedg.com.au/ascot-vale to learn more.