Banksia Beach

Population growth drivers in Banksia Beach are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

As of Nov 2025, the estimated population of Banksia Beach is around 7,860. This reflects a growth of 680 people since the 2021 Census, which reported a population of 7,180. The current population is inferred from AreaSearch's estimate of 7,850 residents following examination of ABS' ERP data release in Jun 2024 and an additional 179 validated new addresses since the Census date. This results in a population density ratio of 1,299 persons per square kilometer, above the average seen across national locations assessed by AreaSearch. Banksia Beach's population growth of 9.5% since the 2021 Census exceeded both the SA3 area's growth of 8.6% and the national average. Interstate migration contributed approximately 79.0% of overall population gains during recent periods.

For future projections, AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022. However, 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, applying proportional growth weightings in line with ABS Greater Capital Region projections released in 2023. Anticipating future population dynamics, AreaSearch anticipates lower quartile growth of statistical areas, with Banksia Beach expected to grow by 316 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 0.8% in total over the 17 years.

Residential development activity is slightly higher than average within Banksia Beach when compared nationally

AreaSearch analysis of ABS building approval numbers indicates Banksia Beach has seen around 86 new homes approved annually over the past five financial years from FY-21 to FY-25, totalling an estimated 434 homes. As of FY-26, 7 approvals have been recorded. This results in approximately 1.6 new residents per year per dwelling constructed on average during this period. The market shows good balance between supply and demand, supporting stable conditions with an average construction value of $513,000 for new homes.

In FY-26, there have also been $4.8 million in commercial approvals, reflective of the area's primarily residential nature. Compared to Greater Brisbane, Banksia Beach shows 92.0% higher construction activity per person, offering greater choice for buyers though recent activity has eased. This activity is well above average nationally, indicating strong developer confidence in the area. Recent construction comprises 96.0% standalone homes and 4.0% townhouses or apartments, preserving Banksia Beach's suburban nature with a focus on detached housing attracting space-seeking buyers. With around 344 people per dwelling approval, Banksia Beach exhibits a developing market.

AreaSearch's latest quarterly estimate projects the area to grow by 59 residents through to 2041. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

Banksia Beach has strong levels of nearby infrastructure activity, ranking in the top 30% nationally

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified six projects expected to affect the region. Notable ones are Sunderland Drive Residential Estate at Pacific Harbour, Bribie Island Central Coles Precinct Redevelopment, and Pacific Harbour development itself on Bribie Island. Additionally, Moreton Bay Rail Link Stage 2 is of relevance. The following details these projects in order of significance:.

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.

Employment conditions in Banksia Beach demonstrate exceptional strength compared to most Australian markets

Banksia Beach has a skilled labor force with diverse industry representation, an unemployment rate of 2.3% as of June 2025, and experienced employment growth of 10.6% over the past year according to AreaSearch data aggregation. The resident workforce totals 2,818 individuals, with an unemployment rate 1.8% lower than Greater Brisbane's rate of 4.1%.

Workforce participation in Banksia Beach is significantly lower at 40.8%, compared to Greater Brisbane's 64.5%. Dominant employment sectors include health care & social assistance, construction, and retail trade. Construction shows notable concentration with employment levels at 1.3 times the regional average. Conversely, health care & social assistance has lower representation at 14.3% versus the regional average of 16.1%.

The area offers limited local employment opportunities as indicated by Census data. Over the 12 months to June 2025, employment increased by 10.6%, labor force by 8.5%, leading to a 1.9 percentage point decrease in unemployment rate. In contrast, Greater Brisbane saw employment grow by 4.4% and unemployment fall by 0.4 percentage points. National employment forecasts from Jobs and Skills Australia (Sep-22) project national growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Banksia Beach's employment mix suggests local growth should be around 6.6% over five years and 13.5% over ten years, though this is a simple extrapolation for illustrative purposes only and does not account for localized population projections.

Income figures position the area below 75% of locations analysed nationally by AreaSearch

AreaSearch released postcode level ATO data for financial year 2022. Banksia Beach had a median taxpayer income of $45,022 and an average of $61,532. Nationally, these figures are lower than average. Greater Brisbane's median was $55,645 and average was $70,520. By September 2025, estimated incomes would be approximately $51,321 (median) and $70,140 (average), based on a 13.99% Wage Price Index growth since financial year 2022. The 2021 Census showed Banksia Beach's household, family, and personal incomes fell between the 10th and 19th percentiles nationally. Income analysis revealed 28.1% of residents (2,208 individuals) had incomes between $800 - $1,499, unlike broader area trends where 33.3% fell within $1,500 - $2,999 range. After housing costs, 85.6% of income remained, ranking at the 21st percentile nationally. The area's SEIFA income ranking placed it in the 5th decile.

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

Banksia Beach's dwelling structure, as per the latest Census, consisted of 92.9% houses and 7.2% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Brisbane metro's 78.8% houses and 21.2% other dwellings. Home ownership in Banksia Beach stood at 58.5%, with mortgaged dwellings at 27.1% and rented ones at 14.3%. The median monthly mortgage repayment was $1,950, higher than the Brisbane metro average of $1,647. Median weekly rent in Banksia Beach was $440, compared to Brisbane's $350. Nationally, Banksia Beach's mortgage repayments were above the Australian average of $1,863, and rents were substantially higher than the national figure of $375.

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

Family households account for 80.1% of all households, including 19.2% that are couples with children, 53.1% that are couples without children, and 7.3% that are single parent families. Non-family households make up the remaining 19.9%, with lone person households at 17.8% and group households comprising 2.0%. The median household size is 2.3 people, larger than the Greater Brisbane average of 2.1.

Educational outcomes in Banksia Beach fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment

The area has university qualification rates at 18.0%, substantially lower than Greater Brisbane's average of 30.5%. This presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most common at 12.1%, followed by postgraduate qualifications (3.6%) and graduate diplomas (2.3%). Trade and technical skills are prominent, with 41.8% of residents aged 15+ holding vocational credentials – advanced diplomas (13.3%) and certificates (28.5%).

School and university attendance encompasses 18.4% of the community, including 6.8% in primary education, 6.8% in secondary education, and 2.0% pursuing tertiary education. Banksia Beach State School serves the area with an enrollment of 897 students as of a recent report. The school has typical Australian school conditions (ICSEA: 997) and offers balanced educational opportunities, focusing exclusively on primary education with secondary options available in surrounding areas. As an education hub, the area has 11.4 school places per 100 residents, significantly above the regional average of 7.3, attracting students from nearby communities.

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

Transport analysis in Banksia Beach shows 13 active public transport stops operating. These are mixed bus routes, with one individual route servicing all stops. This results in a total of 99 weekly passenger trips.

Transport accessibility is rated good, with residents located an average of 340 meters from the nearest stop. Service frequency averages 14 trips per day across all routes, equating to approximately 7 weekly trips per individual stop.

Health performance in Banksia Beach is a key challenge with a range of health conditions having marked impacts on both younger and older age cohorts

Banksia Beach faces significant health challenges, with various conditions affecting both younger and older residents. Private health cover stands at approximately 52% of the total population (~4,054 people), slightly lower than the average SA2 area's 47.3%.

The most prevalent medical conditions are arthritis (13.7%) and asthma (7.5%). Conversely, 57.0% of residents report having no medical ailments, compared to 52.7% in Greater Brisbane. The senior population comprises 45.4%, or 3,568 people, with health outcomes among seniors being above average and better than the general population's health metrics.

Banksia Beach ranks below the Australian average when compared to other local markets across a number of language and cultural background related metrics

Banksia Beach's cultural diversity was found to be below average, with 75.7% of its population born in Australia, 90.1% being citizens, and 95.3% speaking English only at home. The predominant religion in Banksia Beach is Christianity, comprising 60.4% of the population, compared to 56.3% across Greater Brisbane. In terms of ancestry, the top three represented groups are English (36.0%), Australian (23.8%), and Scottish (9.2%).

Notably, Welsh (0.8%) is overrepresented in Banksia Beach compared to the regional average of 0.7%, as are German (5.1% vs 4.8%) and Dutch (1.7% vs 1.2%).

Banksia Beach ranks among the oldest 10% of areas nationwide

Banksia Beach has a median age of 60, which is significantly higher than Greater Brisbane's figure of 36, and substantially exceeds the national norm of 38. Compared to Greater Brisbane, Banksia Beach has a higher proportion of residents aged 65-74 (25.0%), but fewer residents aged 25-34 (3.3%). This concentration of 65-74 year-olds is well above the national figure of 9.4%. Between the 2021 Census and now, the proportion of Banksia Beach's population aged 75 to 84 has grown from 12.5% to 16.9%, while those aged 85+ increased from 2.4% to 3.5%. Conversely, the proportion of residents aged 5-14 has declined from 8.9% to 7.5%, and those aged 25-34 have dropped from 4.7% to 3.3%. Looking ahead to 2041, demographic projections indicate significant shifts in Banksia Beach's age structure. Notably, the 75 to 84 age group is projected to grow by 44%, reaching 1,914 people from the current figure of 1,328. This growth is driven solely by an aging population, with those aged 65 and above comprising all of the projected growth. In contrast, both the 0-4 and 25-34 age groups are expected to decrease in number.