NEW FARM VS ASCOT
Which is Brisbane ’ s most prestigious suburb ? If you went by price , it would now be New Farm with pricing having overtaken what was Brisbane ’ s most expensive - Ascot - over a decade ago . However , while New Farm was seen as the younger person ’ s more affordable alternative to Ascot , this has now changed . Ascot now has fewer people over 65 years than New Farm , resulting in a younger median age .
Twenty years ago , Ascot was much more expensive than New Farm with median prices 30 per cent above . Now , both suburbs have medians that are very close together - $ 2 million for Ascot and $ 2.2 million for New Farm . But while New Farm has been slightly more expensive for some time now , over the past 12 months , Ascot has seen stronger price growth up 37 per cent compared to New Farm ’ s 25 per cent .
Winner - New Farm has been a winner for a while but it looks like the tide is turning back for Ascot .
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