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Buyers Agent Brisbane Home Buyer Insights – What’s happening in Ascot – Proposed plan for mixed-use development to reinvigorate Racecourse Road

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As a top Brisbane buyers agent, we’ve always got our finger on the pulse of the Brisbane property market. Check out what’s happening in Ascot.

A new mixed-use building with residential and retail space is proposed for the well-known Racecourse Road in the affluent suburb of Ascot.

Designed to reinvigorate the suburb, the project will replace an existing commercial building on the 1,250sq m site at 77 Racecourse Road, that used to be home to Woolworths and most recently has been tenanted by a grocery / convenience store, pharmacist, and liquor store.

The four-storey building will include 30 luxury apartments  as well as retail tenancies on the ground floor, with future uses including a food and drink outlet, indoor sport and recreation, healthcare services, shops and offices. It will have 120 car parks.

The project is designed to reinvigorate Racecourse Road in Ascot, with the retail space providing activation to the street.

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Market Snapshot – Ascot

Median house price House annual price growth Houses sold over past 12 months Median Unit price Unit annual price  growth Units sold over the past 12 months Population Median age of residents % of renters
$2,480,000 -1.20% 57 $590,000 7.27% 137 6,531 38 40.7

Source: CoreLogic, ABS 2021 Census


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