Ascot: The 'old money' Brisbane suburb with heritage homes and a rich horse-racing history

Brisbane, often overshadowed by its louder counterparts Sydney and Melbourne, is rather the quiet achiever, boasting some seriously picturesque suburbs rivalling the best of them.

One such contender is affluent Ascot, where magnificent jacaranda and poinciana trees frame vast heritage homes, bound by leafy parklands.

While Ascot has a rich history in horse racing, with Doomben and Eagle Farm racecourses within its borders, the suburb has evolved into a highly sought-after, village-like ’burb, prized for its ease of living and endearing atmosphere.

Picture-perfect postcode

Ray White selling director Damon Warat gushes about Ascot, noting that the suburb’s grandeur primarily attracts polished, affluent families.

“It’s hard to imagine a better place to live in Brisbane than Ascot, being a tightly held suburb loved for its wide, tree-curtained avenues with large allotments and character-style homes, often with sprawling gardens, pools and tennis courts,” he says. “It’s an old money-type area that values community involvement and [has] a family-friendly vibe.”

Domain’s latest House Price Report shows the allure of Ascot has not stagnated, even in a slowing housing market, with the median house price reaching $2.4 million – a 14.6 per cent year-on-year increase. Warat says its unique position for future appreciation is due to projected economic growth and internal migration.

“Residents enjoy the convenience of having all amenities at their doorstep, including excellent schools, a great cafe culture, and vibrant lifestyle precincts,” he says. “Notably, a short 15-minute drive connects Ascot to both the Brisbane CBD and the airport.”

Iconic stretch of Brisbane

At Ascot’s heart is Racecourse Road, a lively precinct adorned with fairy-lit poinciana trees. By day, the road buzzes with cafe-goers and boutique shoppers, while at night it transforms into a twinkling wonderland, perfect for dinner dates. It’s here you’ll find Dicki’s, a charming corner cafe owned and run by Justine Khoury.

“It’s been wonderful to witness Ascot evolve yet remain regal in many ways,” she says. “I feel fortunate to work amidst the lively Racecourse Road [community] and feel proud to provide a plant-based offering to the strip.”

Khoury enjoys immersing herself in the beauty of Ascot, whether she’s running along the boardwalk, enjoying training sessions in Oriel Park, or indulging in Pilates at Fluidform.

“I adore the welcoming and adventurous spirit of this place, where the bonds I have formed with loyal customers-turned-friends make coming to work easy,” she says.

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Ascot QLD 4007

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Spread across three lavish levels, this family oasis features steep roofs, intricate latticework and sash windows. The ground floor is dedicated to living and entertaining, leading to a rear terrace overlooking a green mosaic-tiled lap pool.