Ascot (Greater Bendigo - Vic.)

Ascot lies within the top 10% of areas nationally in terms of population growth performance according to AreaSearch analysis of short and medium-term trends

Ascot's population, as of Nov 2025, is estimated at around 2,752 people. This figure reflects an increase of 181 individuals since the 2021 Census, which reported a population of 2,571 persons in the suburb of Ascot (Greater Bendigo - Vic.). The change was inferred from AreaSearch's estimation of the resident population at 2,594 following examination of the latest ERP data release by the ABS on Jun 2024 and an additional 22 validated new addresses since the Census date. This level of population equates to a density ratio of 260 persons per square kilometer in Ascot. The suburb's 7.0% growth since the 2021 census exceeded both the SA3 area (5.6%) and the SA4 region, marking it as a growth leader in the region. Natural growth contributed approximately 44.0% of overall population gains during recent periods, with other drivers such as interstate migration and overseas migration also being positive factors.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022, for areas covered by this data. For any SA2 areas not covered, AreaSearch utilises the VIC State Government's Regional/LGA projections released in 2023, with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group from these aggregations are applied across all areas for years 2032 to 2041. Looking ahead, exceptional growth is predicted over the period, placing Ascot in the top 10 percent of Australian non-metropolitan areas. The suburb is expected to increase by 1,681 persons to 2041 based on aggregated SA2-level projections, reflecting an overall increase of 62.6% over the 17 years.

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

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Ascot has recorded around 7 residential properties granted approval per year. Over the past 5 financial years, between FY-21 and FY-25, approximately 36 homes were approved, with an additional 3 approved so far in FY-26. This results in an average of about 10.5 new residents per year for every home built during this period.

Consequently, demand significantly outpaces supply, typically putting upward pressure on prices and increasing competition among buyers. The average construction value of new properties is $315,000, which is below regional norms, indicating more affordable housing options for purchasers. In FY-26, $235,000 in commercial development approvals have been recorded, suggesting minimal commercial development activity compared to the rest of Victoria. Ascot has significantly less development activity overall, at 62.0% below the regional average per person. This limited new supply generally supports stronger demand and values for established homes.

However, construction activity has intensified recently, although it remains below national averages, reflecting the area's maturity and possible planning constraints. Recent development in Ascot has been entirely comprised of detached dwellings, maintaining the area's traditional low density character with a focus on family homes appealing to those seeking space. This results in around 221 people per approval, indicating a transitioning market. Looking ahead, Ascot is expected to grow by 1,722 residents through to 2041, according to the latest AreaSearch quarterly estimate. At current development rates, housing supply may struggle to match population growth, potentially heightening buyer competition and supporting price increases.

Ascot has moderate levels of nearby infrastructure activity, ranking in the top 50% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified six projects that may impact this area. Key projects include Victory Christian College Epsom Campus, Maiden Gully Road/Calder Highway Intersection Upgrade, Epsom Village Shopping Centre Redevelopment, and Maiden Gully Growth Area. The following list details those likely to be most relevant.

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

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Employment performance in Ascot exceeds national averages across key labour market indicators

Ascot has a skilled workforce with notable representation in essential services sectors. Its unemployment rate is 2.7%, lower than the national average of 3.8%.

Over the past year, employment growth was estimated at 0.9%. As of June 2025, 1,291 residents are employed, with an unemployment rate of 1.1% below the Rest of Vic.'s rate. Workforce participation is high at 64.7%, compared to the Rest of Vic.'s 57.4%. Key employment sectors include health care & social assistance, construction, and retail trade.

Mining stands out with employment levels at 5.4 times the regional average, while agriculture, forestry & fishing employs just 2.2% of local workers, below the Rest of Vic.'s 7.5%. Between June 2024 and June 2025, employment increased by 0.9%, labour force by 1.7%, leading to an unemployment rise of 0.8 percentage points. In contrast, the Rest of Vic. saw employment decline by 0.9% and labour force decline by 0.4%. Jobs and Skills Australia's national employment forecasts from Sep-22 project a 6.6% increase over five years and 13.7% over ten years. Applying these projections to Ascot's employment mix suggests local employment could grow by 6.3% over five years and 13.5% over ten years, though this is a simple extrapolation for illustrative purposes only.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

AreaSearch's aggregation of latest postcode level ATO data released for financial year ending June 2022 shows Ascot had median taxpayer income of $55,054 and average income of $67,473. This is higher than national averages of $48,741 and $60,693 in Rest of Vic respectively. Based on Wage Price Index growth rate of 12.16% from financial year ending June 2022 to September 2025, estimated median income would be approximately $61,749 and average income $75,678. According to Australian Bureau of Statistics Census data for 2021, household, family, and personal incomes in Ascot are at the 58th percentile nationally. Income distribution shows that 40.7% of locals (1,120 people) earn between $1,500 and $2,999 per week, similar to regional levels where 30.3% fall within this range. After housing costs, residents retain 88.2% of their income, indicating strong purchasing power. The area's SEIFA income ranking places it in the fifth decile.

Ascot is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

Ascot's dwelling structure, as per the latest Census, consisted of 98.9% houses and 1.1% other dwellings. In comparison, Non-Metro Vic had 90.6% houses and 9.4% other dwellings. Home ownership in Ascot stood at 35.4%, with mortgaged dwellings at 48.1% and rented ones at 16.4%. The median monthly mortgage repayment was $1,517, higher than Non-Metro Vic's average of $1,408. Weekly rent in Ascot was recorded at $350, compared to Non-Metro Vic's $295. Nationally, Ascot's mortgage repayments were lower at $1,517 versus Australia's average of $1,863, and rents were also lower at $350 compared to the national figure of $375.

Ascot features high concentrations of family households, with a higher-than-average median household size

Family households constitute 82.3% of all households, including 36.8% couples with children, 31.9% couples without children, and 13.1% single parent families. Non-family households account for the remaining 17.7%, with lone person households at 15.8% and group households comprising 1.9% of the total. The median household size is 2.8 people, which is larger than the Rest of Vic. average of 2.4.

Educational achievement in Ascot places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community

The area has lower university qualification rates at 22.0% compared to Victoria's average of 33.4%. Bachelor degrees are the most common at 15.1%, followed by graduate diplomas (4.0%) and postgraduate qualifications (2.9%). Vocational credentials are held by 39.2% of residents aged 15 and above, with advanced diplomas at 11.1% and certificates at 28.1%. Educational participation is high, with 30.2% currently enrolled in formal education: primary (11.9%), secondary (7.6%), and tertiary (3.1%).

Schools appear to be located outside the immediate catchment boundaries, requiring residents to access them in neighboring areas.

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

Transport analysis shows three active public transport stops operating in Ascot. These stops are served by a mix of bus routes, with one route providing all services. The total weekly passenger trips across these stops is 185.

Transport accessibility is rated as moderate, with residents typically located 592 meters from the nearest stop. Service frequency averages 26 trips per day across all routes, resulting in approximately 61 weekly trips per individual stop.

Health performance in Ascot is lower than average with common health conditions somewhat prevalent across both younger and older age cohorts

Ascot faces significant health challenges, with common health conditions prevalent across both younger and older age cohorts. The rate of private health cover is approximately 54%, covering around 1,472 people, which is higher than the 50.5% average in the rest of Victoria.

Mental health issues and asthma are the most common medical conditions, affecting 9.2% and 9.1% of residents respectively. Around 66.4% of residents declare themselves completely clear of medical ailments, compared to 62.0% in the rest of Victoria. The area has 14.9% of residents aged 65 and over, totaling 410 people, which is lower than the 18.9% average in the rest of Victoria. Health outcomes among seniors present some challenges, broadly in line with the general population's health profile.

Ascot is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

Ascot's cultural diversity was found to be below average, with 91.7% of its population being Australian citizens, born in Australia (90.6%), and speaking English only at home (92.6%). Christianity was the predominant religion in Ascot, comprising 46.7% of the population. However, Judaism was notably overrepresented in Ascot at 0.2%, compared to 0.1% across the rest of Victoria.

In terms of ancestry, the top three groups were English (32.3%), Australian (31.2%), and Irish (9.8%). Some ethnic groups showed notable divergences: Welsh was overrepresented at 0.6% in Ascot compared to 0.4% regionally, Dutch at 1.3% versus 1.1%, and German at 3.5% versus 3.2%.

Ascot's population is younger than the national pattern

Ascot has a median age of 34, which is considerably lower than the Rest of Vic.'s figure of 43 and Australia's national average of 38 years. Compared to the Rest of Vic. average, Ascot's population aged 25-34 is notably over-represented at 16.2%, while those aged 65-74 are under-represented at 9.2%. Between 2021 and present day, the age group 25 to 34 has grown from 14.1% to 16.2% of Ascot's population, while the 35 to 44 cohort increased from 14.4% to 16.0%. Conversely, the 45 to 54 age group has declined from 10.2% to 8.3%, and the 55 to 64 group dropped from 11.6% to 10.2%. Demographic modeling suggests that Ascot's age profile will evolve significantly by 2041, with the 25 to 34 age cohort projected to grow significantly, expanding by 416 people (93%) from 445 to 862.