Ascot (Brisbane - Qld)

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

Ascot's population is estimated at around 7,350 as of February 2026. This reflects an increase 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 following examination of ABS data released in June 2024 and an additional 254 validated new addresses since the Census date. This level of population equates to a density ratio of 2,625 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by AreaSearch. Ascot's growth rate of 12.5% since the 2021 Census exceeded both the national average (9.9%) and state average. Overseas migration contributed approximately 55.00000000000001% of overall population gains during recent periods, with other drivers including interstate migration and natural growth also being positive factors.

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 released in 2023 based on 2021 data are adopted, with proportional growth weightings applied for age cohorts. Looking ahead, an above median population growth is projected for the suburb of Ascot (Brisbane - Qld), with an expected increase of 1,414 persons to 2041, reflecting a total increase of 16.5% over the 17 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. This totals an estimated 516 homes from FY-21 to FY-25. By FY-26, 74 approvals have been recorded. On average, 1.5 new residents arrived per new home annually between FY-21 and FY-25, indicating balanced supply and demand. However, this ratio has increased 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 segment development. In FY-26, $5.8 million in commercial development approvals have been recorded, highlighting Ascot's primarily residential nature. Building activity shows 4.0% detached dwellings and 96.0% medium to high-density housing, marking a 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 353 people per dwelling approval, reflecting an established area. Population forecasts indicate it will gain 1,216 residents by 2041. With current construction levels, housing supply should 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 to local infrastructure significantly impact an area's performance. AreaSearch identified 37 projects likely influencing the area. Notable ones are Oriel Park Masterplan by Mirvac, The Windermere, Platinum at Hamilton (previously Icon), and Northshore Hamilton Street Renewal. Below is a list of 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. Its unemployment rate is 3.1%, having grown by an estimated 1.4% over the past year (AreaSearch data). As of September 2025, there are 4,319 residents employed with an unemployment rate of 0.9% below Greater Brisbane's rate of 4.0%.

Workforce participation is at 73.2%, slightly higher than Greater Brisbane's 70.7%. According to Census responses, 27.8% of residents work from home. Key industries include professional & technical (notably concentrated), health care & social assistance, and retail trade. Manufacturing employs just 3.4% of local workers, below Greater Brisbane's 6.4%.

Many residents commute elsewhere for work based on Census data. Over the past year, employment increased by 1.4%, labour force by 1.1%, leading to a 0.3 percentage point decrease in unemployment (AreaSearch analysis). By comparison, Greater Brisbane saw employment growth of 3.8% and unemployment fall by 0.5 percentage points. Jobs and Skills Australia forecasts national employment growth at 6.6% over five years and 13.7% over ten years. Applying these projections to Ascot's industry mix suggests local employment could increase by 7.1% over five years and 14.3% over ten years, though this is a simplified extrapolation for illustrative purposes only.

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 9.91% since financial year 2023, current estimates would be approximately $73,846 (median) and $137,838 (average) as of September 2025. 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 (2,013 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 dwelling structure, as per the latest Census data, consisted of 42.9% houses and 57.2% other dwellings (semi-detached, apartments, 'other' dwellings). This compares 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 $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 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, 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 notable 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, 9.3% in secondary, and 8.6% in primary education.

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

Transport analysis in Ascot shows 43 active public transport stops operating. These include a mix of train and bus services. There are 31 individual routes serving these stops, collectively providing 1,472 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 146 meters from the nearest stop. Ascot is primarily residential, with most residents commuting outward. 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 of Ascot's health outcomes shows excellent results. Mortality rates and chronic condition prevalence are very low across all age groups. Private health cover is exceptionally high at approximately 77% of the total population (5,651 people), compared to 55.8% in Greater Brisbane and the national average of 55.7%.

The most common medical conditions are mental health issues (7.5%) and asthma (7.4%). A total of 74.0% of residents report being completely clear of medical ailments, higher than the 69.2% in Greater Brisbane. Working-age residents have low chronic condition prevalence. Ascot has 20.7% of residents aged 65 and over (1,521 people), higher than Greater Brisbane's 15.2%. Health outcomes among seniors are strong, aligning with national rankings for the general population.

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 25.4% born overseas. Christianity is the predominant religion in Ascot, accounting for 58.4%, compared to 47.8% across Greater Brisbane. The top three ancestral 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 and Welsh ancestries are underrepresented at 0.3% and 0.6%, respectively, compared to regional percentages of 0.9% and 0.5%.

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

The median age in Ascot as of 2021 is 39 years, which is slightly higher than Greater Brisbane's average of 36 years and close to Australia's median age of 38 years. Compared to Greater Brisbane, Ascot has a higher percentage of residents aged 65-74 (11.0%) but fewer residents aged 25-34 (12.4%). Between the 2016 Census and the 2021 Census, Ascot's median age increased by one year, from 38 years to 39 years. Specifically, the percentage of residents aged 75 to 84 grew from 4.9% to 7.7%, while the percentage of those aged 65 to 74 increased from 8.9% to 11.0%. Conversely, the percentage of residents aged 25 to 34 decreased from 14.8% to 12.4%. By 2041, Ascot's age composition is projected to change significantly. The number of residents aged 75 to 84 is expected to grow by 75%, from 565 people to 989 people. Those aged 65 and above are projected to comprise 67% of the population growth in Ascot. Meanwhile, both the 0 to 4 age group and the 35 to 44 age group are expected to decrease in number.