Ascot (Brisbane - Qld)

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

Based on ABS population updates and AreaSearch validations, as of May 2026, the suburb of Ascot (Brisbane - Qld) has an estimated population of around 7,399. This reflects a growth of 868 people since the 2021 Census, which reported a population of 6,531. The current resident population estimate by AreaSearch is 7,266, considering latest ERP data from ABS (June 2025) and additional validated new addresses since the Census date. This results in a density ratio of 2,642 persons per square kilometer, placing Ascot in the upper quartile nationally according to AreaSearch assessments. Ascot's growth rate of 13.3% since the 2021 census exceeds both national (9.3%) and state averages, marking it as a regional growth leader. Overseas migration contributed approximately 55% of overall population gains recently, with all migration drivers being positive factors.

AreaSearch uses 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 from 2023 (based on 2021 data) are adopted, with proportional growth weightings applied for age cohorts based on ABS Greater Capital Region projections released in 2023 using 2022 data. Future demographic trends project above median population growth for the suburb, with an expected increase of 1,251 persons to 2041, reflecting a total increase of 15.1% over the 16 years.

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. In FY26 so far, 75 approvals have been recorded. On average, 1.4 new residents arrived per new home annually between FY21 and FY25, indicating balanced supply and demand with stable market conditions. However, recent data shows this rate has intensified to 9.7 people per dwelling over the past two financial years, suggesting growing popularity and potential undersupply. New properties are constructed at an average value of $843,000, reflecting a focus on the premium segment.

This year, $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 and 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 1,118 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 in local infrastructure significantly affect an area's performance. AreaSearch has identified 34 projects that could impact this region. Notable ones include Oriel Park Masterplan by Mirvac, The Windermere, Platinum at Hamilton (previously Icon), and Northshore Hamilton Street Renewal. Below is a list of the most relevant projects.

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 has a highly educated workforce with strong representation in professional services. The unemployment rate was 3.5% as of the past year, with an estimated employment growth of 1.0%. As of December 2025, 4,305 residents were employed, with an unemployment rate of 0.7% below Greater Brisbane's rate of 4.1%, and a workforce participation rate of 71.6%.

A high proportion, 27.8%, of residents worked from home, though Covid-19 lockdown impacts should be considered. The key industries of employment among residents are professional & technical, health care & social assistance, and retail trade. Professional & technical services show particularly notable concentration with employment levels at 1.7 times the regional average, while 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.

In the 12-month period ending in May-25, employment increased by 1.0%, labour force grew by 1.5%, and unemployment rose by 0.4 percentage points. By comparison, Greater Brisbane recorded employment growth of 3.2% with a slight fall in unemployment. National employment forecasts from Jobs and Skills Australia project national employment to expand by 6.6% over five years and 14.3% over ten years. Applying these projections to Ascot's employment mix suggests local employment should increase by 7.1% over five years and 14.3% over ten years, assuming constant population projections.

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 is exceptionally high nationally. The median income is $67,188 and the 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 11.36% since financial year 2023, current estimates would be approximately $74,821 (median) and $139,657 (average) as of March 2026. From the 2021 Census, household, family and personal incomes all rank highly in Ascot, between the 80th and 89th percentiles nationally. The earnings profile shows that 27.4% of the population (2,027 individuals) fall within the $4000+ income range, contrasting with the broader area where the $1,500 - 2,999 bracket leads at 33.3%. Higher earners represent a substantial presence with 37.5% exceeding $3,000 weekly, indicating strong purchasing power within the community. Housing accounts for 14.5% of income while strong earnings rank residents within the 81st percentile for disposable income and 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 residential structure, as per the latest Census, consisted of 42.9% houses and 57.2% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Brisbane metro's 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. Median weekly rent in Ascot was recorded at $390, compared to Brisbane metro's $380. Nationally, Ascot's median monthly mortgage repayment exceeded the Australian average of $1,863, while its median weekly rent figure surpassed 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 constitute the remaining 39.6%, with lone person households at 34.2% and group households comprising 5.2%. The median household size is 2.3 people, which is 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 and above holding university qualifications. This figure exceeds the Queensland average of 25.7% and the Australian average of 30.4%. The most common university qualification is a Bachelor degree, held by 32.1% of residents in this age group. Postgraduate qualifications are held by 10.4%, and graduate diplomas by 3.5%.

Vocational pathways account for 24.5% of qualifications among those aged 15 and above, with advanced diplomas at 10.7% and certificates at 13.8%. Educational participation is high in Ascot, 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

Public transport analysis shows 43 active transport stops in Ascot, including both train and bus services. These stops are served by 31 individual routes that together facilitate 1,472 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 146 metres from the nearest stop. Most residents commute outward due to the area's residential nature. The car remains the dominant mode of transport at 77%, followed by bus at 6% and train at 6%. Vehicle ownership averages 1.2 per dwelling, below the regional average.

According to the 2021 Census, a high 27.8% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 210 trips per day across all routes, 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 assessment shows Ascot has low prevalence of common health conditions across all age groups. The private health cover rate is high at approximately 77%, compared to 55.8% in Greater Brisbane and 55.7% nationally. Mental health issues and asthma are the most prevalent medical conditions, affecting 7.5% and 7.4% of residents respectively.

74.0% 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 19.5% of residents aged 65 and over (1,442 people), higher than the 15.1% in Greater Brisbane. Health outcomes among seniors are strong, broadly in line 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 cultural diversity was found to be above average, with 13.7% of its population speaking a language other than English at home and 25.4% born overseas. Christianity is the main religion in Ascot, making up 58.4% of people, 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 representation is higher at 9.1%, compared to the regional average of 7.4%. Samoan representation is lower at 0.3% versus 0.9%, and Welsh representation is also lower at 0.6% compared to the regional average of 0.5%.

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

The median age in Ascot is 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 has a higher proportion of residents aged 65-74 (10.3%) but fewer children aged 0-4 (3.3%). Between the 2016 Census and the 2021 Census, the population aged 75-84 increased from 4.9% to 7.1%, while those aged 65-74 grew from 8.9% to 10.3%. Conversely, the proportion of children aged 0-4 declined from 4.4% to 3.3%. By 2041, Ascot's age composition is expected to change significantly. The number of people aged 75-84 is projected to grow by 76%, reaching 927 from 525. This growth will be led by the demographic shift of the aging population, with those aged 65 and above comprising 68% of the projected growth. Meanwhile, population declines are projected for children aged 0-4 and those aged 5-14.