A mortgage broker who knows Ascot Vale.

Ascot Vale sits closest to the city of the suburbs we cover, about 6 kilometres from the GPO, between the Maribyrnong River and Flemington Racecourse. Union Road is its shopping and cafe strip, the Ascot Vale station and Union Road trams handle the commute, and Highpoint and the river trails are close by. It has more apartments and townhouses than its neighbours, which keeps entry prices a little lower.

We are a local broker working from Essendon and Carlton North, right next door, so we know this pocket of the inner north-west well. The typical buyer here is a professional couple, and local repayments tend to sit a notch below the pricier suburbs nearby, in the $3,000 to $3,999 a month range. That, plus the deeper unit market, makes Ascot Vale one of the more accessible entry points in the area, and a lot of our work here is helping first home buyers and younger couples in.

What property costs here

These are the median prices of homes that actually sold in Ascot Vale over the twelve months to July 2026, with the middle of the market shown by the lower and upper quartiles so you can see the spread rather than a single number.

Here is how the Ascot Vale medians translate into deposit and borrowing numbers, as a starting point rather than a quote.

Deposits and LMI

• A 20 per cent deposit on the median house is roughly $266,000, and around $134,000 on the median unit, which avoids Lenders Mortgage Insurance.
• You can buy with less. Below 20 per cent, LMI usually applies and can be added to the loan.
• We calculate the exact deposit, LMI and repayments for the price you are targeting, across our lender panel.

First home buyers and the scheme cap

The First Home Guarantee uses a $950,000 Melbourne price cap. Ascot Vale is the suburb where this matters most in your favour: its median unit around $670,000 sits well under the cap, and even the deeper end of the unit market stays close to it, so the scheme is genuinely useful for unit buyers here. Houses generally sit above the cap. See the First Home Buyer Hub for the full rules.

Ascot Vale's more accessible prices shape who we help here.

First home buyers

The core of our Ascot Vale work. Units and apartments here often fall under the First Home Guarantee cap, and we match you to a participating lender and manage the timing.

Younger couples upgrading within the area

Moving from an apartment to a townhouse or first house. We look at whether to buy first or sell first and how to structure the new loan.

Owners reviewing a loan

A rate that has drifted still costs money. Our refinancing review tells you plainly whether you are still competitive.

Investors

Close to the city with strong rental demand, Ascot Vale suits investors. We model the borrowing and structure for a specific property and hand tax questions to your accountant.