91 Waterway Crescent, Ascot WA 6104
MUST BE SOLD - FINANCIAL CIRCUMSTANCES
Originally part of the 1829 land grants, the area became the heart of Western Australia's horse racing industry in the late 19th century. The suburb evolved from rural estates and stables into a high-end residential area, particularly with the development of the Ascot Waters marina precinct in the 1990s.
A unique mix of expansive riverside mansions, modern marina-style townhouses, and traditional residential blocks with a strong equestrian influence.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Ascot serves as the 'jewel' of the eastern suburbs, offering a lifestyle similar to South Perth but at a slightly lower price point, while being closer to the airport and logistics hubs.
$950k – $3.8m
$480k – $1.2m
12-month movement
Current asking rents
The wide price gap reflects the difference between older homes near the highway and multi-million dollar riverfront mansions.
Price comparison
Median price ÷ median income
Estimated rental yield
Ascot is a premium market. While more affordable than Western Suburbs riverfront, it remains out of reach for most average earners without significant equity.
Lower = tighter market
Avg time on market
Annual rental increase
FIFO workers, airport staff, and corporate professionals seeking proximity to the CBD.
Strong rental growth is expected to continue due to the lack of new supply. Capital growth is steady but yields are tightening as prices rise.
Expect moderate, steady growth. Ascot is a 'destination' suburb where owners tend to hold long-term, keeping supply low and supporting prices.
vs last 12 months
Relative comparison
Check specific street lighting and proximity to the racecourse, as event days can see a spike in opportunistic theft and traffic issues.
The primary concerns for Ascot buyers are environmental and acoustic, specifically related to the river and the airport.
Significant portions of the suburb are within the 1-in-100-year flood fringe of the Swan River. Development is strictly regulated.
Low risk for most residential areas; some managed risk near Garvey Park wetlands.
Expect higher premiums for riverfront properties due to flood risk and for all properties due to potential aircraft noise insulation requirements.
Special Control Area (Aircraft Noise), Floodplain Management Overlay
Infill opportunities along Great Eastern Highway and potential future redevelopment of older stable sites.
Zoning is restrictive near the river to preserve character, but higher density is encouraged near transport nodes.
Excellent via the Airport Line and major highways.
High, with river access and the racecourse being major draws.
Garvey Park is a standout for nature lovers and families.
Moderate; catchment for Belmay Primary and Belmont City College.
Good access to nearby clinics in Belmont and hospitals in Perth/Midland.
An established, professional population with a high proportion of high-income earners compared to the local government area.
The high rental percentage is driven by the modern apartment and townhouse stock in Ascot Waters, while the core of the suburb remains family-oriented.
Focus is on transport integration and the long-term evolution of the racecourse precinct.
Residents love the river access and the 'hidden gem' feel of the suburb, though aircraft noise is a frequent point of discussion.
Walking along the river every morning is unbeatable, but you do get used to the planes eventually.
The new train station has changed everything for my commute to the city.
I never have trouble finding tenants; the proximity to the airport is a huge draw for FIFO workers.
Love the parks, but we are looking at private schools as the local options are just okay.
The townhouse lifestyle in the marina is perfect; low maintenance and great views.
Race days are a nightmare for parking and getting out of my own driveway.
Position the property as a premium lifestyle choice that offers the best of both worlds: riverside tranquility and unmatched urban connectivity.
High-income tenants (FIFO/Corporate) make this a stable yield play with long-term land value support.
High entry costs and potential for higher maintenance on older riverside homes.
Access to the river and great parks for weekend recreation.
Noise can be a significant adjustment if you are a light sleeper.
Ensure all smoke alarms and RCDs are compliant, and check for any specific local council requirements regarding short-term racing rentals.
The '5-Minute Commute' to the Airport and the 'Swan River Playground' at your doorstep.
Affluent professionals, FIFO executives, and active retirees.
This report is based on projected data and trends as of March 31, 2026. It is intended for informational purposes only and does not constitute financial, legal, or professional real estate advice. Buyers should conduct their own independent due diligence and consult with qualified professionals before making any property purchase.
MUST BE SOLD - FINANCIAL CIRCUMSTANCES
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