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Ascot Park, SA

October 9th 2006 00:59
“Better Know a Suburb” treks over to South Australia today to look at the hot property market in Ascot Park. Ascot Park is located in the inner Southern suburbs of Adelaide. The housing market has shown a relatively good level of growth over the last 12 months and apartments have performed outstandingly. The suburb is a relatively small community which is very family orientated. Facilities within the suburb are scarce, but surrounding suburbs provide the major attractions and needs for the Ascot Park residents.

Ascot Park, SA (postcode: 5043)


Property Price Results for the last 12 months:


Houses:
Average Price $300,000
Median Price $289,000
Change: 6%

Apartments:
Average Price $264,000
Median Price $210,000
Change: 11%

Average prices are the sum of all the property sales results divided by the number of sales. The median price is the exact selling price of the middle most sales price when all the sales are ordered according to their value.

Statistics:

Local population: 16,146
Australian born: 77%
Greatest age demographic: 60 years (28%)
Typical resident: Married, of Catholic denomination, living in a freestanding house, employed in the services and clerical profession and living in rented accommodation.

Ascot Park has a small central shopping centre that consists of a grocer, chemist and two food outlets. There are six churches within the area. School services are provided by surrounding suburbs, but there is a local primary school and a newly opened kindergarten.

There are two reserves in Ascot Park provide outdoor areas for children to play and families to hold picnics and barbeques. The reserves are open grassed areas with barbeque facilities and play equipment. The parks are also fenced off which enables locals to walk their dogs off the leash safely. In terms of public transport, there is a bus service and train station that links the local suburbs of Marion and Seaview Downs with the city centre.

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