Ascot (Vic.)

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According to investigations of ABS population updates for the wider region, alongside new addresses validated by Districts since the Census, the resident count of the suburb of Ascot (Greater Bendigo - Vic.) is estimated to be approximately 2,621 as of May 2026. This represents a gain of 50 people (1.9%) since the 2021 Census, which documented a population of 2,571 individuals. This adjustment is calculated from the resident population of 2,587, estimated by Districts following analysis of the most recent ERP data release by the ABS (June 2025) and an extra 23 validated new addresses since the Census date. Such a population level results in a density ratio of 248 persons per square kilometer, offering substantial space per individual and potential scope for subsequent expansion. Over the previous decade, the suburb of Ascot (Greater Bendigo - Vic.) has shown durable growth trends with a 3.2% compound annual growth rate, outperforming the SA3 area. Population expansion for the locality was mainly propelled by natural growth which accounted for roughly of total population additions during recent periods, although all components including interstate migration and overseas migration were positive contributors.

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Ascot possesses a skilled workforce, with essential services sectors well represented, and an unemployment rate of just 2.9%, based on Districts aggregation of statistical area data. As of March 2026, 1,172 residents are in work while the unemployment rate is 0.8% below Regional Vic.'s rate of 3.7%, and workforce participation matches Regional Vic.'s 61.1%. Based on Census responses, a moderate 13.6% of residents were found to work from home, though Covid-19 lockdown impacts should be considered.

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The most recent postcode level ATO data from Districts for financial year 2023 indicates that earnings in Ascot are close to the national average, with the median recorded at $55,054 and the average income sitting at $67,473. This compares to Regional Vic. figures of a median income of $50,954 and an average income of $62,728. Factoring in a Wage Price Index increase of 9.62% since financial year 2023, present estimates would be approximately $60,350 (median) and $73,964 (average) as of March 2026. Based on 2021 Census data, household, family and personal incomes in Ascot group around the 58th percentile nationally. The earnings profile shows the largest cohort comprises 40.7% of residents (1,066 people) in the $1,500 - 2,999 bracket, mirroring patterns observed in the wider region where of the population are in this range. Once housing costs are deducted, residents retain of their income, indicating healthy purchasing power, while the area's SEIFA income ranking falls in the th decile.

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Residential structures in Ascot, as measured during the most recent Census, consisted of 98.9% separate houses and 1.1% other dwellings (such as semi-detached homes, apartments, and alternative dwellings), compared to Regional Vic.'s breakdown of 90.1% houses and 9.9% other dwellings. Meanwhile, the home ownership rate in Ascot was lower than the Regional Vic. benchmark at 35.4%, with the remaining properties occupied by people with a mortgage (48.1%) or renting (16.4%). The median monthly mortgage payment in the area was higher than the Regional Vic. average at $1,517, while the median weekly rent was recorded at $350, compared to Regional Vic. figures of $1,430 and $285. On a national scale, Ascot's mortgage payments are significantly lower than the Australian average of $1,863, and rents are below the national figure of $375.

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Family households represent the vast majority at 82.3% of all households, consisting of 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 of 2.8 people is larger than the Regional Vic. average of 2.4.

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The locality experiences some educational challenges, with university graduation rates (22.0%) falling significantly below the VIC average of 33.4%. This represents both a hurdle and an opening for focused educational programs. Bachelor degrees are the most common at 15.1%, followed by graduate diplomas (4.0%) and postgraduate qualifications (2.9%). Vocational and technical skills are highly prevalent, with 39.2% of residents aged 15+ holding practical qualifications – advanced diplomas (11.1%) and certificates (28.1%).

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Public transport analysis reveals three active transport stops operating within Ascot. These stops are serviced by two individual routes, collectively providing 253 weekly passenger trips. Transport accessibility is rated as moderate, with residents typically located 592 meters from the nearest transport stop. As a primarily residential area, most residents commute outward - car remains the dominant mode at 97%. Vehicle ownership averages 1.9 per dwelling, above the regional average. Some 13.6% of residents work from home (2021 Census; may reflect COVID-19 conditions).

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Ascot experiences notable health challenges, according to Districts' evaluation of mortality rates and chronic condition prevalence with common health conditions somewhat prevalent across both younger and older age cohorts, and the rate of private health cover just leading that of the average SA2 area at approximately 54% of the total population (~1,402 people). This compares to 50.5% across Regional Vic..

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Ascot was found to be below average in terms of cultural diversity, with 91.7% of its population being citizens, 90.6% born in Australia, and 92.6% speaking English only at home. The main religion in Ascot was found to be Christianity, which makes up 46.7% of people in Ascot. However, the most apparent overrepresentation was in Judaism, which comprises 0.2% of the population, compared to 0.1% across Regional Vic..

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With a median age of 34, Ascot is considerably lower than the Regional Vic. figure of 43 similarly significantly lower than Australia's 38 years. Compared to the Regional Vic. average, the 35 - 44 cohort is notably over-represented (16.6% locally), while 65 - 74 year-olds are under-represented (9.2%). In the period since 2021, the 35 to 44 age group has grown from 14.4% to 16.6% of the population, while the 25 to 34 cohort increased from 14.1% to 15.4%. Conversely, the 45 to 54 cohort has declined from 10.2% to 8.5% and the 55 to group dropped from to . Demographic modeling suggests Ascot's age profile will evolve significantly by . The to age cohort is projected to grow significantly, expanding by people () from to .

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Ascot currently has an estimated 217 children under 5 years old, comprising approximately 125 children aged 0-2 and 83 children aged 3-4. This cohort declined by an estimated 4% since the previous census. though population forecasts indicate future growth, with an anticipated increase of 53% by 2041 (to approximately 332 children). Meanwhile the 5-12 cohort currently amounts to 316. Birth rates in the area have averaged 14.7 per 1,000 residents over the latest two-year period, a high rate (among the top 20% of areas assessed nationally).