Ascot (Brisbane - Qld)

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

As at Feb 2026, AreaSearch estimates Ascot's population to be around 7,350. This reflects a growth of 819 people since the 2021 Census, which reported a population of 6,531. The change is inferred from AreaSearch's estimate of 7,151 residents in Jun 2024 and an additional 254 validated new addresses since the Census date. This results in a density ratio of 2,625 persons per square kilometer, placing Ascot in the upper quartile nationally according to AreaSearch assessments. The suburb's population growth rate of 12.5% since the 2021 census exceeds both national (9.9%) and state averages, marking it as a growth leader regionally. Overseas migration contributed approximately 55% of overall population gains during recent periods in Ascot, although all drivers including interstate migration and natural growth were positive factors.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area released in Jun 2024 with a base year of 2022. 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 are adopted, applying proportional growth weightings in line with ABS Greater Capital Region projections for each age cohort. Based on aggregated SA2-level projections, Ascot is expected to increase by 1,426 persons to reach a total population of around 8,776 by 2041, reflecting an overall increase of approximately 16.7% over the 17-year period.

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

AreaSearch analysis of ABS building approval numbers shows Ascot had around 103 dwelling approvals per year over the past five financial years, totalling an estimated 517 homes. By FY26, 74 approvals have been recorded. On average, 1.5 new residents arrived annually per new home between FY21 and FY25, indicating balanced supply and demand with stable market conditions. However, this has intensified to 9.8 people per dwelling over the past two financial years, suggesting growing popularity and potential undersupply. New properties are constructed at an average expected cost of $843,000, reflecting a focus on the premium segment.

In FY26, $5.8 million in commercial development approvals have been recorded, demonstrating Ascot's primarily residential nature. Building activity shows 4.0% detached dwellings and 96.0% medium to high-density housing, marking a significant shift from existing housing patterns (currently 43.0% houses). This trend may be due to diminishing developable land availability and evolving lifestyle preferences. Ascot has approximately 344 people per dwelling approval, reflecting an established area.

Population forecasts indicate Ascot will gain 1,227 residents by 2041. With current construction levels, housing supply should meet demand adequately, 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 to local infrastructure significantly impact an area's performance. AreaSearch has identified 37 projects likely to affect the area. Notable ones include Oriel Park Masterplan by Mirvac, The Windermere, Platinum at Hamilton (formerly Icon), and Northshore Hamilton Street Renewal. Below is a list of those most relevant.

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

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AreaSearch assessment positions Ascot ahead of most Australian regions for employment performance

Ascot's workforce is highly educated with strong professional services representation. The unemployment rate was 3.5% in the past year, with an estimated employment growth of 1.2%. As of December 2025, 4,340 residents were employed, an unemployment rate of 0.6% below Greater Brisbane's 4.1%, and a workforce participation rate of 73.7%.

Notably, 27.8% of residents worked from home, potentially influenced by Covid-19 lockdowns. Key industries include professional & technical (1.7 times the regional average), health care & social assistance, and retail trade. Manufacturing employs only 3.4% of local workers compared to Greater Brisbane's 6.4%. Many residents commute elsewhere for work based on Census data.

Over a 12-month period ending in May-25, employment increased by 1.2%, labour force by 1.6%, and unemployment rose by 0.4 percentage points. National employment forecasts project growth of 6.6% over five years and 13.7% over ten years, with local projections suggesting Ascot's employment could increase by 7.1% and 14.3% respectively, based on industry-specific extrapolations.

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 ending June 2023 indicates that median income in Ascot suburb is $67,188 and average income stands at $125,410. This contrasts with Greater Brisbane's figures of a median income of $58,236 and an average income of $72,799. Based on Wage Price Index growth of 9.91% since financial year ending June 2023, current estimates for Ascot would be approximately $73,846 (median) and $137,838 (average) as of September 2025. According to the Census conducted in August 2021, incomes in Ascot rank highly nationally, with household income between the 80th and 89th percentiles, family income at the 84th percentile, and personal income at the 83rd percentile. The earnings profile shows that 27.4% of Ascot's population (2,013 individuals) have incomes exceeding $4,000 weekly, contrasting with the broader area where the $1,500 - $2,999 bracket leads at 33.3%. A significant proportion, 37.5%, earn more than $3,000 weekly, indicating strong purchasing power within the community. Housing accounts for 14.5% of income, and residents rank high in disposable income, placing them in the 81st percentile nationally. 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 42.9% houses and 57.2% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Brisbane metro had 73.5% houses and 26.5% other dwellings. Home ownership in Ascot stood at 28.9%, with mortgaged dwellings at 29.2% and rented ones at 41.8%. The median monthly mortgage repayment was $2,400, higher than Brisbane metro's average of $1,863. The median weekly rent in Ascot was $390, compared to Brisbane metro's $380. Nationally, Ascot's mortgage repayments were significantly higher than the Australian average of $1,863, while rents exceeded 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 60.4% of all households, including 25.7% couples with children, 25.7% couples without children, and 7.4% single parent families. Non-family households make up the remaining 39.6%, with lone person households at 34.2% and group households comprising 5.2% of the total. The median household size is 2.3 people, smaller than the Greater Brisbane average of 2.6.

Ascot demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics

Educational attainment in Ascot is notably high, with 46.0% of residents aged 15+ holding university qualifications. This compares to 25.7% in Queensland (QLD) and 30.4% nationally. Bachelor degrees are the most common at 32.1%, followed by postgraduate qualifications at 10.4% and graduate diplomas at 3.5%. Vocational pathways account for 24.5%, with advanced diplomas at 10.7% and certificates at 13.8%.

Educational participation is high, with 32.5% of residents currently enrolled in formal education. This includes 9.6% in tertiary education, 9.3% in secondary education, and 8.6% pursuing primary education.

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

The analysis indicates that Ascot has 43 operational public transport stops offering a mix of train and bus services. These stops are served by 31 different routes, facilitating a total of 1,472 weekly passenger trips. Residents enjoy excellent transport accessibility, with an average distance of 146 meters to the nearest stop. Predominantly residential, Ascot sees most residents commuting outward. Cars remain the primary mode of transport at 77%, while buses and trains account for 6% each. Vehicle ownership averages 1.2 per dwelling, lower than the regional norm.

According to the 2021 Census, a significant 27.8% of residents work from home, potentially influenced by COVID-19 conditions. Service frequency across all routes averages 210 trips daily, equating to approximately 34 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 excellent results for Ascot. Mortality rates and chronic condition prevalence are very low across all age groups. Approximately 77% of Ascot's total population (5651 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 conditions, affecting 7.5% and 7.4% of residents respectively. 74.0% of residents report no medical ailments, higher than the 69.2% in Greater Brisbane. Working-age residents have low chronic condition prevalence. Ascot has a higher proportion of seniors aged 65 and over (20.9%, or 1536 people) compared to Greater Brisbane's 15.2%. Health outcomes among seniors are strong, ranking broadly in line with the general population nationally.

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 exhibits above-average cultural diversity, with 13.7% speaking a language other than English at home and 25.4% born overseas. Christianity is the predominant religion in Ascot, accounting for 58.4%, compared to 47.8% across Greater Brisbane. The top three ancestry groups are English (27.9%), Australian (21.0%), and Irish (11.8%).

Notably, Scottish ancestry is overrepresented at 9.1% in Ascot versus 7.4% regionally, while Samoan is underrepresented at 0.3% compared to 0.9%, and Welsh is marginally higher at 0.6% versus 0.5%.

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

The median age in Ascot as of 2021 was 39 years, slightly higher than Greater Brisbane's average of 36 years and close to Australia's median of 38 years. Compared to Greater Brisbane, Ascot had a higher proportion of residents aged 65-74 (11.1%) but fewer residents aged 25-34 (12.4%). Between the 2016 Census and the 2021 Census, Ascot's median age increased by one year to 39 years from 38 years. The proportion of residents aged 75-84 grew from 4.9% to 7.7%, while those aged 65-74 increased from 8.9% to 11.1%. Conversely, the proportion of residents aged 25-34 decreased from 14.8% to 12.4%. By 2041, Ascot's age composition is expected to change significantly. The number of residents aged 75-84 is projected to grow by 75%, reaching 993 from 565. The population aged 65 and above is expected to comprise 66% of the total growth. Meanwhile, both the 0-4 and 5-14 age groups are projected to decrease in number.