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Sales Activity
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Population
Population growth drivers in Ascot are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends
Ascot's population is approximately 6,370 as of August 2025. This figure represents an increase of 601 people, a rise of 10.4% since the 2021 Census which reported a population of 5,769. The change is inferred from ABS's estimated resident population of 6,318 as of June 2024 and an additional 207 validated new addresses since the Census date. This results in a population density of 2,578 persons per square kilometer, placing Ascot in the upper quartile relative to national locations assessed by AreaSearch. Ascot's growth rate exceeded both national (8.6%) and state averages, marking it as a growth leader in the region. Overseas migration contributed approximately 50.8% of overall population gains during recent periods, although all drivers including interstate migration and natural growth were positive factors.
AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered by this data, and years post-2032, Queensland State Government's SA2 area projections are adopted, released in 2023 based on 2021 data. These state projections do not provide age category splits; hence proportional growth weightings aligned with ABS Greater Capital Region projections (released in 2023, based on 2022 data) are applied for each age cohort. Looking ahead, Ascot is projected to have above median population growth among statistical areas analyzed by AreaSearch, with an expected increase of 1,163 persons by 2041 based on the latest population numbers, resulting in a total gain of 17.4% over the 17-year period.
Frequently Asked Questions - Population
Development
Recent residential development output has been above average within Ascot when compared nationally
Ascot has seen approximately 105 new homes approved annually. Development approval data is produced by the ABS on a financial year basis. Over the past five financial years, from FY21 to FY25, around 528 dwellings were approved, with one recorded so far in FY26. On average, about 1.2 people moved to the area annually for each dwelling built over these five years. However, recent data shows this has intensified to 8.7 people per dwelling over the past two financial years, indicating growing popularity and potential undersupply.
New homes are being constructed at an average expected cost of $843,000, suggesting developers focus on the premium market with high-end developments. Additionally, $6.8 million in commercial development approvals have been recorded this financial year, reflecting the area's primarily residential nature. Compared to Greater Brisbane, Ascot records 155.0% more development activity per person, which should provide buyers with ample choice, though development activity has moderated in recent periods. This is substantially higher than nationally, indicating strong developer confidence in the location. New building activity shows 4.0% detached houses and 96.0% attached dwellings, representing a notable shift from the area's existing housing composition of 41.0% houses. This trend reflects decreasing availability of developable sites and changing lifestyles requiring more diverse, affordable housing options. The location has approximately 532 people per dwelling approval, reflecting an established area.
Population forecasts indicate Ascot will gain 1,111 residents through to 2041. With current construction levels, housing supply should adequately meet demand, creating favourable conditions for buyers while potentially enabling growth that exceeds current forecasts.
Frequently Asked Questions - Development
Infrastructure
Ascot has moderate levels of nearby infrastructure activity, ranking in the 41stth percentile nationally
The performance of an area is greatly influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified 31 such projects that are expected to impact the area. Notable projects include Bernborough Ascot Retirement Living, The Windermere, Doomben Railway Line Service Enhancement, and Albion Exchange. Below is a list detailing those considered most relevant.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
Frequently Asked Questions - Infrastructure
Northshore Hamilton - 201 Social & Affordable Homes
201 social and affordable homes within the Northshore Hamilton precinct. Partnership between Economic Development Queensland and Brisbane Housing Company Limited (BHCL). Part of Queensland Government's commitment to increase social and affordable housing supply in prime locations with excellent transport connectivity.
Albion Exchange
Albion Exchange is a transit-oriented development around the upgraded Albion Train Station in Brisbane, featuring up to 1200 new residences, retail, commercial, and lifestyle spaces, along with significant transport infrastructure improvements to support future interchange demand.
Platinum at Hamilton (formerly Icon)
Three-tower mixed-use development (formerly Icon, now Platinum) by Wentworth Equities with DA approval for up to 433 apartments across towers up to 30 storeys. Tower 1 has final approval (153 units), Towers 2-3 have preliminary approval. Originally $650M project redesigned to $700M. Project redesigned by Fuse Architecture with subtropical feel and sky garden features. Located on 7,637sqm site within Brisbane 2032 Olympic precinct.
Northshore Hamilton Street Renewal
Infrastructure renewal program preparing Northshore Hamilton for Olympic Athletes' Village. Includes road upgrades, utility improvements, and enhanced connectivity. Part of broader urban renewal supporting Brisbane 2032 preparations.
Brookfield BTR - 11-23 MacArthur Avenue
Brookfield's first Australian build-to-rent project featuring dual 23-storey towers with 560 purpose-built rental apartments designed by Fender Katsalidis. Part of Brookfield's $400 million investment and $1.3 billion Portside Wharf precinct expansion. Features concierge, resort-style amenities, co-working spaces, targeting 4 Star Green Star rating with sustainable design and 100% electric, fossil fuel-free operations.
Northshore Hamilton Social and Affordable Housing
201 social and affordable homes to be delivered by Brisbane Housing Company as part of wider market housing development providing approximately 1,300 additional homes in the precinct. $160 million investment supporting 460+ jobs.
Bernborough Ascot Retirement Living
Nation's first vertical retirement community integrated within a racecourse precinct by Keyton. $270 million development featuring multiple towers including completed Fig Tree House and under-construction Poinciana House (53 apartments, completion early 2025). Achieving 6-Star Green Star sustainability rating.
Charlton House - Ascot Green Stage 3
Third building in Mirvac's Ascot Green community comprising 112 apartments over 13 levels with resort-style pool and rooftop terrace. Features 1-4 bedroom apartments and villas with panoramic views over Eagle Farm racecourse and Brisbane CBD. Expected completion mid-2025. Average apartment sale price $1.29 million.
Employment
Employment conditions in Ascot demonstrate strong performance, ranking among the top 35% of areas assessed nationally
Ascot has an educated workforce with significant representation in professional services. Its unemployment rate is 3.0% and it saw estimated employment growth of 3.7% over the year ending June 2025.
By this date, 3914 residents were employed while the unemployment rate was 1.1% lower than Greater Brisbane's rate of 4.1%. Workforce participation in Ascot is at 67.3%, slightly higher than Greater Brisbane's 64.5%. The leading employment industries among residents are professional & technical, health care & social assistance, and retail trade, with professional & technical showing notable concentration at 1.7 times the regional average. However, education & training has limited presence in Ascot with only 6.0% of employment compared to the regional average of 9.4%.
Over the year ending June 2025, employment increased by 3.7% and labour force grew by 2.9%, leading to a decrease in unemployment rate by 0.8 percentage points. In comparison, Greater Brisbane saw employment growth of 4.4%, labour force expansion of 4.0%, and a reduction in unemployment rate of 0.4 percentage points. State-level data from Sep-25 shows Queensland's employment contracted by 0.23% (losing 8070 jobs) with an unemployment rate of 4.2%, compared to the national unemployment rate of 4.5% and national employment growth of 0.26%. Jobs and Skills Australia's national employment forecasts from May 2025 project national employment growth of 6.6% over five years and 13.7% over ten years, with varying growth rates across industry sectors. Applying these projections to Ascot's employment mix suggests local growth of approximately 7.1% over five years and 14.4% over ten years.
Frequently Asked Questions - Employment
Income
Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch
Ascot's income level is among the top percentile nationally according to latest ATO data aggregated by AreaSearch for financial year 2022. Ascot's median income among taxpayers is $68,299 and average income stands at $131,756, compared to Greater Brisbane's figures of $55,645 and $70,520 respectively. Based on Wage Price Index growth of 11.71% since financial year 2022, current estimates would be approximately $76,297 (median) and $147,185 (average) as of March 2025. From the 2021 Census, household, family and personal incomes all rank highly in Ascot, between the 79th and 90th percentiles nationally. Income analysis reveals 27.8% of population (1,770 individuals) fall within $1,500 - 2,999 income range, consistent with broader trends across region showing 33.3% in same category. Notably, 37.1% earn above $3,000 weekly, reflecting prosperity pockets driving local economic activity. Housing accounts for 14.7% of income while strong earnings rank residents within 80th percentile for disposable income. Area's SEIFA income ranking places it in the 9th decile.
Frequently Asked Questions - Income
Housing
Ascot features a more urban dwelling mix with significant apartment living, with above-average rates of outright home ownership
In Ascot, as per the most recent Census data, 41.3% of dwellings were houses while 58.8% consisted of semi-detached homes, apartments, and other types of dwellings. In contrast, Brisbane metro had 36.5% houses and 63.6% other dwellings. Home ownership in Ascot stood at 28.4%, with mortgaged properties at 28.0% and rented ones at 43.5%. The median monthly mortgage repayment was $2,400, higher than Brisbane metro's average of $2,167. Weekly rent in Ascot was recorded at $390, compared to Brisbane metro's $410. Nationally, Ascot's mortgage repayments exceeded the Australian average of $1,863, and rents were above the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Ascot features high concentrations of lone person households and group households, with a fairly typical median household size
Family households are the most prevalent, accounting for 59.5% of all households. They consist of 24.6% couples with children, 26.1% couples without children, and 7.2% single parent families. Non-family households comprise the remaining 40.5%, with lone person households at 34.8% and group households making up 5.6%. The median household size is 2.2 people, which matches the average for Greater Brisbane.
Frequently Asked Questions - Households
Local Schools & Education
Educational achievement in Ascot places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community
Ascot's educational attainment notably exceeds broader standards. 45.7% of residents aged 15+ hold university qualifications, compared to 25.7% in Queensland (QLD) and 30.4% nationally. Bachelor degrees are 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 (10.9%) and certificates (14.3%).
Educational participation is high, with 29.9% of residents currently enrolled in formal education, including 9.3% in tertiary, 8.7% in primary, and 6.6% pursuing secondary education. Ascot State School serves the area, enrolling 633 students as of a certain date. The school focuses exclusively on primary education, with secondary options available nearby. School places per 100 residents (9.9) are below the regional average (13.7), indicating some students may attend schools in adjacent areas. Ascot demonstrates significant socio-educational advantages and academic achievement, with an ICSEA score of 1140.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Analysis shows 40 operational transport stops in Ascot, consisting of both train and bus services. These stops are served by 25 unique routes, offering a total of 1,472 weekly passenger trips. Transport accessibility is rated excellent, with residents typically residing 141 meters from the nearest stop.
Service frequency averages 210 trips daily across all routes, equating to approximately 36 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Ascot's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups
Health outcomes data shows exceptional results across Ascot, with very low prevalence of common health conditions across all age groups. The rate of private health cover is notably high at approximately 82% of the total population (5,242 people), compared to Greater Brisbane's 71.3%. Nationally, this figure stands at 55.3%.
Mental health issues and asthma are the most common medical conditions in Ascot, affecting 7.5% and 7.4% of residents respectively. A total of 73.5% of residents report being completely clear of medical ailments, similar to Greater Brisbane's figure of 73.7%. The area has 20.6% of residents aged 65 and over (1,314 people), higher than Greater Brisbane's 12.2%. Health outcomes among seniors are particularly strong, largely mirroring the general population's health profile.
Frequently Asked Questions - Health
Cultural Diversity
The level of cultural diversity witnessed in Ascot was found to be above average when compared nationally for a number of language and cultural background related metrics
Ascot's cultural diversity is above average, with 13.7% speaking a language other than English at home and 25.7% born overseas. Christianity is the predominant religion in Ascot at 57.8%, compared to 45.9% across Greater Brisbane. The top three ancestry groups are English (28.2%), Australian (20.7%), and Irish (11.7%).
Notably, Scottish ancestry is slightly overrepresented at 9.2% in Ascot versus 8.7% regionally. Samoan ancestry is also higher than the regional average, with 0.3% compared to 0.1%. German ancestry stands at 4.1%, similar to the regional level of 4.0%.
Frequently Asked Questions - Diversity
Age
Ascot's population is slightly older than the national pattern
The median age in Ascot is 40 years, which is higher than Greater Brisbane's average of 36 years and slightly exceeds the national average of 38 years. Compared to Greater Brisbane, Ascot has a notably higher proportion of individuals aged 65-74 (11.4%) but fewer individuals aged 5-14 (10.2%). According to post-2021 Census data, the population aged 65-74 increased from 9.0% to 11.4%, while those aged 75-84 grew from 5.2% to 7.2%. Conversely, the proportion of individuals aged 25-34 decreased from 15.4% to 13.9%. By 2041, population forecasts indicate significant demographic changes in Ascot. The 75-84 age group is expected to grow by 103%, reaching 933 people from 459. This growth will contribute significantly to the overall aging of the population, with individuals aged 65 and older representing 71% of anticipated growth. Meanwhile, the 5-14 and 0-4 age cohorts are expected to experience population declines.