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 was approximately 6,439 as of November 2025. This represented an increase of 670 people since the 2021 Census, which reported a population of 5,769. The change was inferred from the estimated resident population of 6,318 in June 2024 and an additional 238 validated new addresses since the Census date. This resulted in a population density ratio of 2,606 persons per square kilometer, placing Ascot in the upper quartile relative to national locations assessed by AreaSearch. The area's growth rate of 11.6% since the 2021 census exceeded both the national average (8.9%) 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 adopted 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 released in 2023 based on 2021 data were adopted. These state projections did not provide age category splits; hence proportional growth weightings were applied in line with the ABS Greater Capital Region projections for each age cohort, released in 2023 and based on 2022 data. Looking ahead, an above median population growth is projected for Ascot, expected to grow by 1,163 persons to 2041 based on the latest annual ERP population numbers, reflecting a gain of 16.2% in total over the 17 years.

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 another 75 approved so far in FY26. On average, over these five years, about 1.2 new residents arrived per year for each new home. However, this ratio has increased to 8.7 people per dwelling over the past two financial years, suggesting growing popularity and potential undersupply.

The average construction cost value of new homes is $435,000, indicating a focus on the premium market with high-end developments. This year alone, Ascot has seen $6.8 million in commercial approvals registered, reflecting its residential character. Compared to Greater Brisbane, Ascot has 155% more construction activity per person, offering buyers ample choice, although development activity has moderated recently. Recent construction comprises 4% standalone homes and 96% townhouses or apartments, a notable shift from the area's existing housing composition of 41% houses. With around 532 people per dwelling approval, Ascot demonstrates a developed market. Future projections estimate Ascot to add approximately 1,042 residents by 2041. Given current construction levels, housing supply should meet demand adequately, creating favorable conditions for buyers while potentially allowing growth that exceeds current forecasts.

Future projections show Ascot adding 1,042 residents by 2041 (from the latest AreaSearch quarterly estimate). With current construction levels, housing supply should adequately meet demand, creating favourable conditions for buyers while potentially enabling growth that exceeds current forecasts.

Ascot has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 31 projects likely to affect the region. Notable projects include Oriel Park Masterplan by Mirvac, The Windermere, Northshore Hamilton Urban Development Area, and Eagle Farm Racecourse Master Plan Redevelopment. The following list details those most relevant.

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

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

Ascot has a highly educated workforce with strong representation in professional services. The unemployment rate is 3.2% and there was an estimated employment growth of 1.4% over the past year.

As of September 2025, 3858 residents are employed while the unemployment rate is 0.8% lower than Greater Brisbane's rate of 4.0%. Workforce participation in Ascot is 67.3%, compared to Greater Brisbane's 64.5%. Leading employment industries among residents include professional & technical, health care & social assistance, and retail trade. The area has a particular specialization in professional & technical services with an employment share of 1.7 times the regional level.

In contrast, education & training employs only 6.0% of local workers, below Greater Brisbane's 9.4%. Employment opportunities locally may be limited as indicated by the count of Census working population vs resident population. Between September 2024 and September 2025, employment levels increased by 1.4% and labour force increased by 1.1%, causing a decrease in unemployment rate by 0.3 percentage points. In comparison, Greater Brisbane experienced employment growth of 3.8% and labour force growth of 3.3%, with a drop of 0.5 percentage points in unemployment rate. State-level data from QLD to November 25 shows employment contracted by 0.01% (losing 1210 jobs), with the state unemployment rate at 4.2%, closely aligned with the national rate of 4.3%. National employment forecasts from Jobs and Skills Australia project a growth of 6.6% over five years and 13.7% over ten years. 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 2022 shows that Ascot SA2 has one of the highest incomes nationally. The median income is $68,299 and the average income stands at $131,756. This contrasts with Greater Brisbane's median income of $55,645 and average income of $70,520. Based on Wage Price Index growth of 13.99% since financial year 2022, current estimates for Ascot are approximately $77,854 (median) and $150,189 (average) as of September 2025. The 2021 Census shows that household, family, and personal incomes in Ascot rank highly nationally, between the 78th and 89th percentiles. Income distribution reveals that 27.8% of residents earn between $1,500 - $2,999 weekly, reflecting broader area patterns where 33.3% fall within this range. Notably, 37.1% of Ascot's population earns above $3,000 per week, indicating strong economic capacity. Housing accounts for 14.7% of income, and residents rank in 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 structures, as per the latest Census, comprised 41.3% houses and 58.8% other dwellings (semi-detached, apartments, 'other' dwellings). Brisbane metro had 36.5% houses and 63.6% other dwellings. Home ownership in Ascot was at 28.4%, with mortgaged dwellings at 28.0% and rented ones at 43.5%. The median monthly mortgage repayment was $2,400, above Brisbane metro's average of $2,167. Median weekly rent in Ascot was $390, compared to Brisbane metro's $410. Nationally, Ascot's mortgage repayments exceeded the Australian average of $1,863, and rents were higher than the national figure of $375.

Ascot features high concentrations of lone person households and group households, with a fairly typical median household size

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

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 and over holding university qualifications. This compares to 25.7% in Queensland (QLD) and 30.4% nationally. Bachelor degrees are the most common at 31.9%, followed by postgraduate qualifications at 10.3% and graduate diplomas at 3.5%. Vocational credentials are also prevalent, with 25.2% of residents aged 15 and over holding such qualifications – advanced diplomas at 10.9% and certificates at 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

Transport analysis indicates 40 operational stops in Ascot, offering a blend of train and bus services. These stops are supported by 25 unique routes, facilitating 1,472 weekly passenger trips collectively. Transport accessibility is deemed excellent, with residents situated an average of 141 meters from the nearest stop.

Service frequency averages 210 trips daily across all routes, translating to roughly 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

Ascot demonstrates excellent health outcomes across all age groups, with very low prevalence of common health conditions. The rate of private health cover is exceptionally high at approximately 82% (5,299 people), compared to Greater Brisbane's 71.3%. Nationally, the average is 55.3%.

Mental health issues and asthma are the most common medical conditions in Ascot, impacting 7.5 and 7.4% of residents respectively. A total of 73.5% of residents declare themselves completely clear of medical ailments, compared to Greater Brisbane's 73.7%. The area has 20.6% (1,329 people) of residents aged 65 and over, higher than Greater Brisbane's 12.2%. Health outcomes among seniors are particularly strong, broadly in line with the general population's health profile.

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 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 ancestral groups are English (28.2%), Australian (20.7%), and Irish (11.7%).

Notably, Scottish ancestry is overrepresented at 9.2% in Ascot versus 8.7% regionally, while Samoan ancestry is 0.3% compared to 0.1%, and German ancestry is 4.1% versus 4.0%.

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 slightly exceeds the national average of 38 years. Compared to Greater Brisbane, Ascot has a notably higher proportion of residents aged 65-74 (11.4% locally) but fewer residents aged 5-14 (10.2%). According to post-2021 Census data, the 65-74 age group increased from 9.0% to 11.4%, and the 75-84 cohort grew from 5.2% to 7.2%. Conversely, the 25-34 age group declined from 15.4% to 13.9%. Population forecasts for 2041 indicate significant demographic changes in Ascot. The 75-84 age group is expected to grow by 101%, reaching 933 people from 464, with residents aged 65 and older representing 72% of the anticipated growth. Meanwhile, the 5-14 and 0-4 age groups are projected to experience population declines.