Ascot, is a predominantly affluent residential suburb of Brisbane, Queensland, Australia, characterised by large Queenslander homes. Located 7 km from Brisbane, the suburb is well catered for in terms of public transport with many bus and train services departing from Ascot railway station. Playing host to Eagle Farm Racecourse, Ascot is best known for its racing carnivals, and for Racecourse Road, with its cafes, restaurants, boutique shops and the gracious poinciana trees lining the street.
Historically, the land was occupied by the Aboriginal Turrbal clan. In 1855, pastoralist James Sutherland purchased a large portion of area including Ascot and its surrounds. In 1882 a railway line was built from Eagle Junction to Ascot for access to the racecourse that had already been established. Until 1969 the suburb was also served by electric trams which ran up from Hamilton along Racecourse Road, Lancaster road and terminated in Alexandria Road.
The population in Ascot was 4,545 people in 2001, and the average house price of $871,500 (2005; REIQ) is one of the highest in Brisbane’s metropolitan area. Ascot is the most wealthiest suburb in Brisbane and there for one of the most expensive suburbs in Queenslad. Ascot, Hamilton and Clayfield are known as the wealth triangle suburbs in Brisbane.