Ascot

Population growth drivers in Ascot are above average based on AreaSearch's ranking of recent, and medium to long-term trends

Ascot's population is 6,594 as of May 2026. This is an increase from the 2021 Census count of 5,769 people, reflecting a growth of 825 individuals (14.3%). The change was inferred from ABS data showing an estimated resident population of 6,454 in June 2025 and an additional 269 validated new addresses since the Census date. This results in a population density ratio of 2,669 persons per square kilometer, placing Ascot in the upper quartile relative to national locations assessed by AreaSearch. The area's growth rate exceeded both the national average (9.3%) and state averages, marking it as a growth leader regionally. Overseas migration contributed approximately 66.7% of overall population gains during recent periods, with all drivers including interstate migration and natural growth being positive factors.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 using 2022 as the base year. For areas not covered by this data and years post-2032, Queensland State Government's SA2 area projections are used, released in 2023 based on 2021 data. However, these state projections do not provide age category splits; thus, AreaSearch applies proportional growth weightings in line with ABS Greater Capital Region projections for each age cohort, released in 2023 using 2022 data as the base year. Looking ahead, Ascot is projected to have above median population growth based on statistical areas analyzed by AreaSearch. The area is expected to grow by 1,042 persons to reach a total of 7,636 people by 2041, reflecting an overall gain of 13.7% over the 16-year period.

Recent residential development output has been above average within Ascot when compared nationally

Ascot has seen approximately 105 new homes approved annually. Over the past five financial years, from FY21 to FY25, around 528 homes were approved, with an additional 76 approved so far in FY26. On average, over these five years, about 1.2 new residents arrived per new home, indicating a balanced supply and demand creating stable market conditions. However, recent data shows this ratio has intensified to 8.7 people per dwelling over the past two financial years, suggesting growing popularity and potential undersupply.

New homes are being built at an average expected construction cost value of $435,000, reflecting developers' focus on the premium market with high-end developments. This year alone, $6.8 million in commercial approvals have been registered, highlighting the area's residential character. Compared to Greater Brisbane, Ascot has 154.0% more construction activity per person, providing buyers with ample choice, although development activity has moderated in recent periods. This activity is significantly higher than the national average, indicating strong developer confidence in the location. Recent construction comprises approximately 4.0% standalone homes and 96.0% townhouses or apartments, reflecting a trend towards denser development that appeals to downsizers, investors, and entry-level buyers. This shift marks a notable departure from the area's existing housing composition, which is currently 41.0% houses. With around 532 people per dwelling approval, Ascot shows a developed market.

According to the latest AreaSearch quarterly estimate, Ascot is projected to add 902 residents by 2041. Given current construction levels, housing supply should adequately meet demand, creating favourable conditions for buyers while potentially enabling growth that exceeds current forecasts.

Ascot has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

The performance of a region is significantly influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified 27 such projects that are expected to impact the area. Notable projects include the Oriel Park Masterplan by Mirvac, The Windermere project, the Eagle Farm Racecourse Master Plan Redevelopment, and Bernborough Ascot Retirement Living. Below is a list of projects likely to be most relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

Employment performance in Ascot exceeds national averages across key labour market indicators

Ascot has an educated workforce with professional services well represented. The unemployment rate is 3.6%, with estimated employment growth of 1.1% in the past year as of December 2025. There are 3,874 residents employed, with an unemployment rate of 0.6% lower than Greater Brisbane's 4.1%.

Workforce participation is 71.6%, slightly higher than Greater Brisbane's 69.6%. A significant 27.4% of residents work from home, potentially influenced by Covid-19 lockdowns. Key employment industries include professional & technical, health care & social assistance, and retail trade. The area specializes in professional & technical jobs, with an employment share 1.7 times the regional level.

However, education & training employs only 6.0% of local workers, lower than Greater Brisbane's 9.4%. Employment opportunities appear limited locally due to the predominantly residential nature. Between December 2024 and December 2025, employment levels increased by 1.1%, while labour force grew by 1.6%, leading to a rise in unemployment rate of 0.5 percentage points. In contrast, Greater Brisbane saw employment growth of 3.2% and labour force growth of 3.0%, with a drop in unemployment rate of 0.1 percentage points. National employment forecasts from Jobs and Skills Australia project national employment growth of 6.6% over five years and 13.7% over ten years, with varying rates across industries. Applying these projections to Ascot's employment mix suggests local employment should increase by 7.1% over five years and 14.4% over ten years.

Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch

AreaSearch's latest postcode level ATO data for financial year 2023 shows that income in Ascot SA2 is among the top percentile nationally. The median assessed income is $70,261 and the average income stands at $133,268. In contrast, Greater Brisbane has a median income of $58,236 and an average income of $72,799. Based on Wage Price Index growth of 11.36% since financial year 2023, current estimates for Ascot SA2 would be approximately $78,243 (median) and $148,407 (average) as of March 2026. The 2021 Census data reveals that household, family, and personal incomes in Ascot rank highly nationally, between the 78th and 89th percentiles. Income distribution shows that 27.8% of the population falls within the $1,500 - $2,999 income range, reflecting a pattern seen in the broader area where 33.3% occupy this range. A substantial proportion of high earners (37.1%) have incomes above $3,000 per week, indicating strong economic capacity throughout the suburb. Housing accounts for 14.7% of income, and residents rank within the 79th percentile for disposable income. The area's SEIFA income ranking places it in the 9th decile.

Ascot features a more urban dwelling mix with significant apartment living, with above-average rates of outright home ownership

Ascot's dwelling structure, as per the latest Census, consisted of 41.3% houses and 58.8% other dwellings (semi-detached, apartments, 'other' dwellings). In contrast, Brisbane metro had 73.5% houses and 26.5% other dwellings. Home ownership in Ascot stood at 28.4%, with mortgaged dwellings at 28.0% and rented ones at 43.5%. The median monthly mortgage repayment was $2,400, higher than Brisbane metro's average of $1,863. Median weekly rent in Ascot was $390, compared to Brisbane metro's $380. Nationally, Ascot's mortgage repayments were significantly higher at $2,400 against the Australian average of $1,863, while rents were higher at $390 than the national figure of $375.

Ascot features high concentrations of lone person households and group households, with a lower-than-average median household size

Family households account for 59.5% of all households, including 24.6% couples with children, 26.1% couples without children, and 7.2% single parent families. Non-family households constitute the remaining 40.5%, with lone person households at 34.8% and group households comprising 5.6%. The median household size is 2.2 people, which is smaller than the Greater Brisbane average of 2.6.

Ascot shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Educational attainment in Ascot is notably high, with 45.7% of residents aged 15+ holding university qualifications. This compares to 25.7% in Queensland (QLD) and 30.4% nationally. Bachelor degrees are the most prevalent at 31.9%, followed by postgraduate qualifications (10.3%) and graduate diplomas (3.5%). Vocational credentials are also prominent, with 25.2% of residents aged 15+ holding such qualifications – advanced diplomas account for 10.9%, while certificates make up 14.3%.

Educational participation is high, with 29.9% of residents currently enrolled in formal education. This includes 9.3% in tertiary education, 8.7% in primary education, and 6.6% pursuing secondary education.

Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Ascot has 40 active public transport stops, offering a mix of train and bus services. These stops are served by 31 individual routes, collectively facilitating 1,472 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 141 meters from the nearest stop. As primarily residential, most residents commute outward. Car remains the dominant mode at 77%, while train accounts for 7% and bus for 6%. Vehicle ownership averages 1.2 per dwelling, below the regional average.

According to the 2021 Census, a high 27.4% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 210 trips per day across all routes, equating to approximately 36 weekly trips per individual stop.

Ascot's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

AreaSearch's health outcomes data shows exceptional results for Ascot. Mortality rates and chronic condition prevalence are very low across all age groups. Approximately 82% of Ascot's total population (5,374 people) has private health cover, compared to 55.8% in Greater Brisbane and the national average of 55.7%.

Mental health issues and asthma are the most common medical conditions, affecting 7.5% and 7.4% of residents respectively. 73.5% of residents report being completely clear of medical ailments, compared to 69.2% in Greater Brisbane. Working-age residents have low chronic condition prevalence. Ascot has 20.5% of residents aged 65 and over (1,352 people), higher than Greater Brisbane's 15.1%. Health outcomes among seniors are strong, aligning with national rankings for the general population.

The level of cultural diversity witnessed in Ascot was found to be slightly above average when compared nationally for a number of language and cultural background related metrics

Ascot's cultural diversity was found to be above average, with 13.7% of its population speaking a language other than English at home and 25.7% born overseas. The predominant religion in Ascot was Christianity, comprising 57.8% of the population, compared to 47.8% across Greater Brisbane. Regarding ancestry, the top three groups represented were English (28.2%), Australian (20.7%), and Irish (11.7%).

Notably, Scottish representation was higher than average at 9.2%, while Samoan was lower at 0.3%. German representation was similar to regional levels at 4.1%.

Ascot's population aligns closely with national norms in age terms

The median age in Ascot is 40 years, which is higher than Greater Brisbane's average of 36 years and also exceeds the national average of 38 years. Comparing the two areas, the percentage of people aged 65-74 in Ascot is notably higher at 10.8%, while those aged 5-14 are under-represented at 9.8%. According to post-2021 Census data, the proportion of people aged 75-84 has increased from 5.2% to 7.6%, and the 65-74 age group has risen from 9.0% to 10.8%. Conversely, the percentage of those aged 0-4 has decreased from 4.5% to 3.2%, and the 35-44 age group has fallen from 14.4% to 13.3%. By 2041, population forecasts indicate significant demographic changes for Ascot. The 75-84 age group is expected to grow by 74%, reaching 871 people from the current 501. This growth will contribute significantly to the overall demographic aging trend, with residents aged 65 and older representing 73% of anticipated population growth. Meanwhile, the 5-14 and 0-4 age groups are expected to experience population declines.