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

Based on ABS population updates and AreaSearch validations, as of Nov 2025, Banksia Beach's estimated population is around 7,438. This shows an increase of 258 people since the 2021 Census, which reported a population of 7,180. The change was inferred from AreaSearch's estimate of 7,430 residents, following examination of ABS's June 2024 ERP data release and validation of 179 new addresses since the Census date. This results in a density ratio of 1,229 persons per square kilometer, higher than national averages assessed by AreaSearch. Over the past decade, Banksia Beach has shown resilient growth with a compound annual growth rate of 1.6%, outpacing national averages. Interstate migration contributed approximately 79.0% of overall population gains during recent periods.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area released in 2024, using 2022 as the base year. 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 where necessary. Future population growth is anticipated to slow down, with the Banksia Beach statistical area (Lv2) expected to grow by 323 persons to 2041, reflecting a total increase of 6.6% over the 17 years.

Residential development activity is lower than average in Banksia Beach according to AreaSearch's national comparison of local real estate markets

AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, indicates approximately 84 new homes were approved annually in Banksia Beach over the past five financial years, totalling an estimated 421 homes. Six approvals have been recorded so far in FY-26. On average, 1.6 new residents arrived per year for each new home between FY-21 and FY-25, suggesting balanced supply and demand with stable market conditions. However, this ratio has increased to 12.1 people per dwelling over the past two financial years, reflecting Banksia Beach's growing popularity and potential supply constraints. New properties are constructed at an average expected cost of $513,000, indicating a focus on the premium segment with upmarket properties.

This financial year has seen $7.7 million in commercial approvals registered, suggesting the area's residential character. Compared to Greater Brisbane, Banksia Beach shows 87.0% higher new home approvals per person, offering greater choice for buyers but with building activity slowing in recent years. Nationally, this rate is well above average, reflecting strong developer confidence in the area. Recent construction comprises 95.0% detached houses and 5.0% attached dwellings, maintaining Banksia Beach's traditional suburban character focused on family homes appealing to those seeking space. With around 1081 people per dwelling approval, Banksia Beach reflects a highly mature market.

According to the latest AreaSearch quarterly estimate, Banksia Beach is expected to grow by approximately 488 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 that could affect the region. Notable projects include Sunderland Drive Residential Estate at Pacific Harbour, Bribie Island Central Coles Precinct Redevelopment, and Pacific Harbour development on Bribie Island. Additionally, Moreton Bay Rail Link Stage 2 is expected to have a significant impact.

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AreaSearch analysis reveals Banksia Beach significantly outperforming the majority of regions assessed nationwide

Banksia Beach has a skilled workforce with diverse sector representation. Its unemployment rate was 2.2% in the past year.

Employment grew by 7.8% during this period, according to AreaSearch's statistical area data aggregation. As of September 2025, 2,839 residents are employed, with an unemployment rate of 1.8%, lower than Greater Brisbane's 4.0%. Workforce participation in Banksia Beach is significantly lower at 40.8% compared to Greater Brisbane's 64.5%. The dominant employment sectors among residents 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%. Employment opportunities locally appear limited as indicated by the count of Census working population vs resident population. Between September 2024 and September 2025, employment levels increased by 7.8%, labour force by 6.1%, reducing the unemployment rate by 1.6 percentage points. In Greater Brisbane, employment grew by 3.8%, labour force expanded by 3.3%, and unemployment fell by 0.5 percentage points during this period. State-level data to 25-November shows Queensland's employment contracted by 0.01% (losing 1,210 jobs), with the state unemployment rate at 4.2%, broadly in line with the national rate of 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 suggest national employment will expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Banksia Beach's employment mix, local employment is estimated to increase by 6.6% over five years and 13.5% over ten years.

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

AreaSearch's latest data for financial year 2023 shows 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 $58,236 with an average of $72,799. By September 2025, estimated incomes would be approximately $49,484 (median) and $67,630 (average), based on a 9.91% growth from financial year 2023. The 2021 Census places Banksia Beach's household, family, and personal incomes between the 10th and 19th percentiles nationally. Income analysis reveals 28.1% of residents (2,090 individuals) fall within the $800 - $1,499 income range, unlike broader area trends where 33.3% fall within the $1,500 - $2,999 range. After housing costs, 85.6% of income remains, ranking at the 21st percentile nationally. The area's SEIFA income ranking places it in the 5th decile.

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

Dwelling structure in Banksia Beach, as evaluated at the 2016 Census, comprised 92.9% houses and 7.2% other dwellings. In Brisbane metro, this was 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, compared to Brisbane metro's $1,647. Median weekly rent was $440, higher than Brisbane metro's $350. Nationally, Banksia Beach's mortgage repayments were higher than the average of $1,863, and rents were substantially above the national figure of $375.

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

Family households comprise 80.1% of all households, including 19.2% couples with children, 53.1% couples without children, and 7.3% single parent families. Non-family households account for 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's university qualification rate is 18.0%, significantly lower than Greater Brisbane's average of 30.5%. This disparity 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.

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

Banksia Beach has 13 active public transport stops. All of these are bus stops. They are served by one route in total, providing 99 weekly passenger trips combined.

The accessibility of transport is rated as good, with residents typically living 340 meters away from the nearest stop. On average, there are 14 trips per day across all routes, which equates to about 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 age groups. Approximately 52% (~3,837 individuals) have private health cover, compared to 47.6% across Greater Brisbane.

The most prevalent medical conditions are arthritis (13.7%) and asthma (7.5%). Around 57.0% of residents report no medical ailments, higher than the Greater Brisbane average of 52.7%. As of 2021, 45.5% (~3,384 individuals) are aged 65 or over. Health outcomes among seniors in Banksia Beach are above average and better than those of the general population.

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 has a cultural diversity level below average, with 75.7% of its population born in Australia, 90.1% being citizens, and 95.3% speaking English only at home. Christianity is the predominant religion in Banksia Beach, accounting for 60.4% of people, compared to 56.3% across Greater Brisbane. The top three ancestry groups are English (36.0%), Australian (23.8%), and Scottish (9.2%).

There are notable differences in the representation of certain ethnic groups: Welsh is overrepresented at 0.8%, German at 5.1%, and Dutch at 1.7%.

Banksia Beach ranks among the oldest 10% of areas nationwide

The median age in Banksia Beach is 60, which is considerably higher than the Greater Brisbane figure of 36 and substantially exceeds the national norm of 38. Relative to Greater Brisbane, Banksia Beach has a higher concentration of residents aged 65-74 (25.1%) but fewer residents aged 25-34 (3.3%). This concentration of residents aged 65-74 is well above the national figure of 9.4%. Between the 2021 Census and the present, the median age has increased by 1 year from 59 to 60, reflecting an aging population. Specifically, the 75 to 84 age group has grown from 12.5% to 16.9% of the population, while the 85+ cohort has increased from 2.4% to 3.5%. Conversely, the 5 to 14 age group has declined from 8.9% to 7.5%, and the 25 to 34 age group has dropped from 4.7% to 3.3%. Demographic modeling suggests that Banksia Beach's age profile will evolve significantly by 2041. The 75 to 84 age cohort is projected to expand considerably, increasing by 659 people (53%) from 1,257 to 1,917. The aging population dynamic is clear, with those aged 65 and above comprising all of the projected growth. Meanwhile, both the 0 to 4 and 55 to 64 age groups are expected to see reduced numbers.