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 of Nov 2025, the estimated population for Ascot (Brisbane - Qld) statistical area (Lv2) is around 7,295. This figure reflects an increase of 764 people since the 2021 Census, which reported a population of 6,531. The latest resident population estimate by AreaSearch is 7,151 as of June 2024, with an additional 228 validated new addresses recorded since the Census date contributing to this increase. This results in a density ratio of approximately 2,605 persons per square kilometer for Ascot (Brisbane - Qld) (SA2), placing it in the upper quartile nationally according to AreaSearch assessments. The area's population growth rate of 11.7% since the 2021 Census exceeds both national and state averages. Overseas migration accounted for approximately 55% of overall population gains during recent periods, with other drivers such as interstate migration and natural growth also contributing positively.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 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 from 2023, based on 2021 data, are used. However, these state projections do not provide age category splits; thus, AreaSearch applies proportional growth weightings in line with ABS Greater Capital Region projections released in 2023 and based on 2022 data for each age cohort. Demographic trends indicate an above median population growth is projected for the area. Based on aggregated SA2-level projections, Ascot (Brisbane - Qld) (SA2) is expected to increase by 1,408 persons to reach a total of 8,703 by 2041, reflecting a 17.4% overall increase 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 has averaged around 103 dwelling approvals per year over the past five financial years, totalling an estimated 516 homes. By FY26, 74 approvals have been recorded. This results in approximately 1.5 new residents arriving per new home annually between FY21 and FY25, indicating balanced supply and demand. However, recent data shows this ratio has intensified to 10.1 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 premium segments with upmarket properties.

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 patterns (currently 43.0% houses). This trend may indicate diminishing developable land availability and responds to evolving lifestyle preferences and housing affordability needs. Ascot has approximately 353 people per dwelling approval, reflecting an established area.

Population forecasts suggest Ascot will gain 1,271 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

The performance of a region can significantly be influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified 37 such projects that could potentially impact this area. Notable projects include Oriel Park Masterplan (Mirvac), The Windermere, Platinum at Hamilton (formerly Icon), and Northshore Hamilton Street Renewal. For further relevance, refer to the following list.

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.

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

Ascot's workforce is highly educated with significant representation in professional services. The unemployment rate was 3.1% as of the past year, with an estimated employment growth of 1.5%.

As of September 2025, 4,330 residents were employed, with an unemployment rate of 0.9% below Greater Brisbane's rate of 4.0%. Workforce participation was similar to Greater Brisbane's 64.5%. Key industries for employment among residents included professional & technical (1.7 times the regional average), health care & social assistance, and retail trade. Manufacturing employed only 3.4% of local workers, below Greater Brisbane's 6.4%.

Many residents commuted elsewhere for work based on Census data. In the 12-month period ending September 2025, employment increased by 1.5%, labour force by 1.1%, and unemployment fell by 0.3 percentage points. By comparison, Greater Brisbane recorded employment growth of 3.8% and unemployment falling by 0.5 percentage points. As of 25-Nov-25, Queensland's employment contracted by 0.01% with an unemployment rate of 4.2%, aligning with the national rate of 4.3%. Jobs and Skills Australia forecasts national employment 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 14.3% over ten years, based on a simple weighting extrapolation for illustrative purposes.

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 shows that median income in Ascot is $67,188 and average income stands at $125,410. In comparison, Greater Brisbane has 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 2021 Census, incomes in Ascot rank highly nationally, with household, family, and personal incomes between the 80th and 89th percentiles. In Ascot, 27.4% of individuals earn over $4,000 weekly, contrasting with the broader area where the $1,500 - $2,999 bracket is highest at 33.3%. Higher earners make up a substantial portion, with 37.5% exceeding $3,000 weekly. Housing accounts for 14.5% of income, and residents rank in the 81st 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

Ascot's dwelling structure, as recorded in the latest Census, consisted of 42.9% houses and 57.2% other dwellings including semi-detached properties, apartments, and 'other' dwellings. Home ownership stood at 28.9%, with mortgaged dwellings at 29.2% and rented ones at 41.8%. The median monthly mortgage repayment was $2,400, while the median weekly rent was $390. Nationally, Ascot's mortgage repayments were significantly 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 median household size of 2.3 people

Family households constitute 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 account for 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.

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

In Ascot, educational attainment exceeds broader standards significantly. Among residents aged fifteen or above, forty-six point zero percent possess university qualifications, contrasting with twenty-five point seven percent in Queensland and thirty point four percent nationally. This notable educational advantage favours the area for opportunities requiring advanced knowledge. Bachelor degrees are most prevalent at thirty-two point one percent, followed by postgraduate qualifications (ten point four percent) and graduate diplomas (three point five percent).

Vocational pathways comprise twenty-four point five percent of qualifications among those aged fifteen or above – advanced diplomas (ten point seven percent) and certificates (thirteen point eight percent). Educational participation is notably high, with thirty-two point five percent of residents currently enrolled in formal education. This includes nine point six percent in tertiary education, nine point three percent in secondary education, and eight point six percent pursuing primary education.

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

The analysis of public transportation in Ascot indicates that there are 43 active transport stops currently operating. These comprise a mix of train and bus services. The area is served by 31 individual routes, which together facilitate 1,472 weekly passenger trips.

Transport accessibility is rated as excellent, with residents typically located just 146 meters from the nearest transport stop. 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

Health outcomes data shows excellent results throughout Ascot, with very low prevalence of common health conditions across all age groups. Approximately 77% of the total population (5,609 people) has private health cover, compared to the national average of 55.7%.

Mental health issues and asthma are the most prevalent medical conditions in the area, affecting 7.5 and 7.4% of residents respectively. A significant majority, 74.0%, reported being completely free from medical ailments, unlike Greater Brisbane where this figure is 0%. Ascot has 19.7% of residents aged 65 and over (1,437 people), with seniors' health outcomes aligning closely with the general population's 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 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 was the main religion in Ascot, comprising 58.4% of people, compared to None% across Greater Brisbane. The top three ancestry groups were English (27.9%), Australian (21.0%), and Irish (11.8%).

Notably, Scottish representation was higher at 9.1%, while Samoan was 0.3% and Welsh was 0.6%.

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 (10.9%) but fewer children aged 0-4 (3.6%). Between the 2021 Census and now, the percentage of Ascot's population aged 65-74 has increased from 8.9% to 10.9%, while those aged 75-84 have risen from 4.9% to 6.8%. Conversely, the proportion of residents aged 25-34 has decreased from 14.8% to 13.2%. By 2041, Ascot's age composition is expected to change significantly. The 75-84 age group is projected to grow by 99%, reaching 988 people from 496. The population aged 65 and above is expected to comprise 67% of the total growth. Meanwhile, declines are projected for the 5-14 and 0-4 age groups.