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, as of February 2026, is approximately 6500, showing a rise of 731 individuals (12.7%) since the 2021 Census which reported 5769 inhabitants. This increase is inferred from ABS's estimated resident population of 6318 in June 2024 and an additional 264 validated new addresses since the Census date. The population density stands at 2631 persons per square kilometer, placing Ascot in the upper quartile nationally according to AreaSearch assessments. Ascot's growth rate exceeded both national (9.9%) and state averages, positioning it as a regional growth leader. Overseas migration contributed approximately 50.8% of overall population gains recently, with all drivers including interstate migration and natural growth being positive factors. For projections, AreaSearch uses ABS/Geoscience Australia data 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 from 2023 based on 2021 data are adopted, applying proportional growth weightings for age cohorts in line with ABS Greater Capital Region projections released in 2023. Looking ahead, Ascot is projected to grow by 1163 persons to 2041, reflecting a total gain of 15.1% over the 17-year period based on latest annual ERP population numbers.

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 a further 75 approved so far in FY26. On average, about 1.2 new residents have arrived per new home each year over these five financial years. However, recent data indicates 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 constructed at an average expected cost of $435,000, indicating a focus on the premium market with high-end developments. This year alone, $6.8 million in commercial approvals have been registered, reflecting the area's residential character. Compared to Greater Brisbane, Ascot has 155.0% more construction activity per person, offering buyers ample choice, although development activity has moderated in recent periods. This high level of activity is significantly higher than national averages, suggesting strong developer confidence in the location. Recent construction comprises approximately 4.0% standalone homes and 96.0% townhouses or apartments, indicating a trend towards denser development to provide accessible entry options for downsizers, investors, and entry-level buyers. This represents a notable shift from the area's existing housing composition, which is currently 41.0% houses, reflecting decreasing availability of developable sites and changing lifestyles. With around 532 people per dwelling approval, Ascot shows a developed market with future projections estimating an addition of 981 residents by 2041 (based on the latest AreaSearch quarterly estimate).

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

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 30 projects that could impact this region. Notable ones include Mirvac's Oriel Park Masterplan, The Windermere, Northshore Hamilton Urban Development Area, and Eagle Farm Racecourse Master Plan Redevelopment. Below is a list of those most likely to be 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's workforce is highly educated with strong representation in professional services. The unemployment rate was 3.2% as of September 2025. Employment growth over the past year was estimated at 1.4%.

As of September 2025, 3858 residents were employed, with an unemployment rate of 0.8% below Greater Brisbane's rate of 4.0%. Workforce participation in Ascot was 73.1%, compared to Greater Brisbane's 70.7%. According to Census responses, 27.4% of residents worked from home. Leading employment industries were professional & technical, health care & social assistance, and retail trade.

Ascot had a particularly high specialization in professional & technical services, with an employment share 1.7 times the regional level. Conversely, education & training employed only 6.0% of local workers, below Greater Brisbane's 9.4%. The area appeared to offer limited local employment opportunities based on Census data comparison between working population and resident population. Between September 2024 and September 2025, employment levels increased by 1.4%, labour force by 1.1%, reducing the unemployment rate by 0.3 percentage points. In contrast, Greater Brisbane experienced employment growth of 3.8% and labour force growth of 3.3%, with a drop in unemployment rate of 0.5 percentage points. National employment forecasts from Jobs and Skills Australia, published May-25, projected national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Ascot's employment mix suggested 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 Ascot SA2 has one of the highest incomes nationally, with a median assessed at $70,261 and an average income of $133,268. This contrasts with Greater Brisbane's median income of $58,236 and average income of $72,799. Based on Wage Price Index growth of 9.91% since financial year 2023, current estimates for Ascot would be approximately $77,224 (median) and $146,475 (average) as of September 2025. The 2021 Census reveals that household, family, and personal incomes in Ascot rank highly nationally, between the 78th and 89th percentiles. Income distribution shows 27.8% of residents earning between $1,500 - $2,999 weekly, reflecting broader area patterns where 33.3% fall within this range. Notably, 37.1% earn above $3,000/week, indicating strong economic capacity in the suburb. Housing accounts for 14.7% of income, and residents rank highly for disposable income (79th percentile) with the area's SEIFA income ranking placing 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, consisted of 41.3% houses and 58.8% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Brisbane metro's figures of 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, surpassing Brisbane metro's average of $1,863. Weekly rent in Ascot was $390, compared to Brisbane metro's $380. Nationally, Ascot's mortgage repayments were higher than the Australian average of $1,863, with rents exceeding 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

Education in Ascot exceeds wider standards significantly. Among residents aged fifteen or older, forty-five point seven percent possess university qualifications, compared to twenty-five point seven percent in Queensland and thirty point four percent nationally. This notable educational advantage places the area favourably for knowledge-based prospects. Bachelor degrees are most prevalent at thirty-one point nine percent, followed by postgraduate qualifications (ten point three percent) and graduate diplomas (three point five percent).

Vocational credentials are also prominent, with twenty-five point two percent of residents aged fifteen or older holding such qualifications - advanced diplomas comprise ten point nine percent, while certificates account for fourteen point three percent. Educational engagement is notably high, with twenty-nine point nine percent of residents currently enrolled in formal education. This includes nine point three percent pursuing tertiary education, eight point seven percent in primary education, and six point six percent engaged in secondary education.

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

Public transport analysis indicates 40 active stops operating in Ascot, 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 situated 141 meters from the nearest stop. Predominantly residential, most residents commute outward; car remains the primary mode at 77%, followed by train at 7% and bus at 6%. Vehicle ownership averages 1.2 per dwelling, lower than the regional average. Notably, 27.4% of residents work from home (2021 Census), potentially reflecting COVID-19 conditions.

Service frequency averages 210 trips daily 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 assessment shows Ascot has low mortality rates and chronic condition prevalence across all age groups. The most prevalent conditions are mental health issues (7.5%) and asthma (7.4%). 73.5% of residents report no medical ailments, compared to 69.2% in Greater Brisbane.

Health cover is high at approximately 82%, compared to 55.8% in Greater Brisbane and the national average of 55.7%. Working-age residents have low chronic condition prevalence. Ascot has a higher proportion of seniors (21.8%) than Greater Brisbane (15.2%), but senior health outcomes align with national rankings.

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 population shows above-average cultural diversity, 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 47.8% 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 in Ascot at 9.2%, while Samoan is underrepresented at 0.3%. German ancestry is almost equally represented 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 it modestly exceeds the national average of 38 years. Compared to Greater Brisbane, the cohort aged 65-74 is notably over-represented in Ascot at 11.5%, while those aged 5-14 are under-represented at 10.1%. Post-2021 Census data shows that residents have aged by an average of 1.1 years, with the median age rising from 39 to 40 years. The notable shifts include the 75 to 84 age group growing from 5.2% to 8.2%, and the 65 to 74 cohort increasing from 9.0% to 11.5%. Conversely, the 25 to 34 cohort has declined from 15.4% to 13.1%, and the 35 to 44 group dropped from 14.4% to 13.4%. By 2041, Ascot is expected to see significant shifts in its age composition. Leading this demographic shift, the 75 to 84 group will grow by 75%, reaching 933 people from 532. Senior residents aged 65 and above will drive 72% of population growth, highlighting demographic aging trends. Conversely, both the 5 to 14 and 0 to 4 age groups are expected to see reduced numbers.