Banyo

Banyo has seen population growth performance typically on par with national averages when looking at short and medium term trends

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, the suburb of Banyo's population is estimated at around 6,593 as of Nov 2025. This reflects an increase of 488 people (8.0%) since the 2021 Census, which reported a population of 6,105 people. The change is inferred from the resident population of 6,524 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 159 validated new addresses since the Census date. This level of population equates to a density ratio of 1,390 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. Over the past decade, Banyo has demonstrated resilient growth patterns with a compound annual growth rate of 1.8%, outpacing the SA4 region. Population growth for the area was primarily driven by overseas migration that contributed approximately 62.0% of overall population gains during recent periods, although all drivers including natural growth and interstate migration were positive factors.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, and for years post-2032, Queensland State Government's SA2 area projections, released in 2023 and based on 2021 data, are adopted. It should be noted that these state projections do not provide age category splits; hence where utilised, AreaSearch is applying proportional growth weightings in line with the ABS Greater Capital Region projections (released in 2023, based on 2022 data) for each age cohort. As we examine future population trends, an above median population growth of Australian statistical areas is projected, with the suburb expected to increase by 1,439 persons to 2041 based on aggregated SA2-level projections, reflecting a gain of 21.8% in total over the 17 years.

AreaSearch analysis of residential development drivers sees Banyo recording a relatively average level of approval activity when compared to local markets analysed countrywide

AreaSearch analysis of ABS building approval numbers shows Banyo had approximately 41 dwelling approvals per year over the past 5 financial years, totalling around 209 homes. As of FY-26, there have been 7 approvals recorded so far. The average number of new residents per year for each dwelling in Banyo between FY-21 and FY-25 was approximately 2.8. This reflects robust demand that supports property values.

The average construction cost value of new homes approved in the area over this period is around $665,000, indicating developers are targeting the premium market segment with higher-end properties. In FY-26, there have been $26.8 million worth of commercial approvals registered in Banyo, demonstrating moderate levels of commercial development compared to Greater Brisbane. Banyo has 10.0% less new development per person than Greater Brisbane and ranks among the 23rd percentile nationally for areas assessed, suggesting somewhat limited buyer options while strengthening demand for established dwellings. New building activity shows 56.0% standalone homes and 44.0% medium and high-density housing, marking a significant shift from existing housing patterns (currently 92.0% houses), likely due to diminishing developable land availability and evolving lifestyle preferences and housing affordability needs.

The location has approximately 724 people per dwelling approval, indicating an established market. According to the latest AreaSearch quarterly estimate, Banyo is expected to grow by 1,439 residents through to 2041. Development in the area is keeping pace with projected growth, but buyers may face increasing competition as the population expands.

Banyo has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified ten projects that may affect the area. Notable projects include Little Eagle Nudgee, Railway Parade connection project - Nudgee, Poppy Nudgee Estate, and Nudgee Co-Living Project. The following list details those most likely to be relevant.

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 Banyo demonstrate strong performance, ranking among the top 35% of areas assessed nationally

Banyo has an educated workforce with diverse sector representation. Its unemployment rate was 3.6% as of the past year's statistical area data aggregation by AreaSearch.

Employment growth over this period was estimated at 11.5%. As of June 2025, 3905 residents were in work, with an unemployment rate of 0.5% below Greater Brisbane's rate of 4.1%, and workforce participation at 69.4%. Dominant employment sectors include health care & social assistance, transport, postal & warehousing, and professional & technical services. The area specializes in transport, postal & warehousing with an employment share 1.9 times the regional level, while education & training has limited presence at 7.4% compared to 9.4% regionally.

The worker-to-resident ratio was 0.9 as of the Census, indicating substantial local employment opportunities. Between June 2024 and June 2025, employment levels increased by 11.5%, labour force grew by 10.5%, reducing the unemployment rate by 0.9 percentage points. In comparison, Greater Brisbane recorded employment growth of 4.4% with a 0.4 percentage point reduction in unemployment. National employment forecasts from Jobs and Skills Australia for Sep-22 project national employment expansion at 6.6% over five years and 13.7% over ten years. Applying these projections to Banyo's employment mix suggests local employment should increase by 6.5% over five years and 13.6% over ten years, based on a simple weighting extrapolation for illustrative purposes.

Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch

AreaSearch aggregated latest postcode level ATO data released for financial year 2022. Banyo had a median taxpayer income of $60,747 and an average income of $72,336. Nationally, these figures are high, compared to Greater Brisbane's $55,645 and $70,520 respectively. By September 2025, estimated incomes would be approximately $69,246 (median) and $82,456 (average), based on Wage Price Index growth of 13.99% since financial year 2022. Census data shows household, family, and personal incomes in Banyo cluster around the 73rd percentile nationally. The predominant income cohort is 33.9% of locals (2,235 people) earning $1,500 - 2,999 per week, similar to the surrounding region at 33.3%. The district's affluence is evident with 30.2% earning over $3,000 weekly, supporting premium retail and services. Housing accounts for 15.0% of income. Strong earnings place residents in the 75th percentile for disposable income, and the area's SEIFA income ranking is in the 6th decile.

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

Banyo's dwelling structure, as per the latest Census, consisted of 92.3% houses and 7.7% other dwellings (semi-detached, apartments, 'other' dwellings). This contrasts with Brisbane metro's figures of 56.6% houses and 43.4% other dwellings. Home ownership in Banyo stood at 27.3%, with mortgaged dwellings at 41.0% and rented ones at 31.6%. The median monthly mortgage repayment was $2,000, higher than Brisbane metro's average of $1,950. Median weekly rent in Banyo was $410, compared to Brisbane metro's $400. Nationally, Banyo's mortgage repayments exceeded the Australian average of $1,863, while rents were higher than the national figure of $375.

Banyo features high concentrations of group households, with a higher-than-average median household size

Family households account for 73.4% of all households, consisting of 34.1% couples with children, 26.1% couples without children, and 11.1% single parent families. Non-family households constitute the remaining 26.6%, with lone person households at 22.1% and group households comprising 4.4% of the total. The median household size is 2.6 people, which is larger than the Greater Brisbane average of 2.3.

The educational profile of Banyo exceeds national averages, with above-average qualification levels and academic performance metrics

Educational qualifications in Banyo trail regional benchmarks; 29.2% of residents aged 15+ hold university degrees compared to 35.4% in the SA3 area. This gap highlights potential for educational development and skills enhancement. Bachelor degrees lead at 21.0%, followed by postgraduate qualifications (5.6%) and graduate diplomas (2.6%). Trade and technical skills are prominent, with 34.2% of residents aged 15+ holding vocational credentials - advanced diplomas (11.8%) and certificates (22.4%).

Educational participation is high, with 27.5% of residents currently enrolled in formal education, including 8.6% in primary, 7.2% in secondary, and 5.7% pursuing tertiary education. The area has educational provisions such as Earnshaw State College and St Pius' Primary School, serving a total of 1,394 students. The area demonstrates above-average socio-educational conditions (ICSEA: 1052) with an educational mix including one primary and one K-12 school. Banyo functions as an education hub with 21.1 school places per 100 residents, significantly higher than the regional average of 12.6, attracting students from surrounding communities.

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

Banyo has 29 active public transport stops, served by five routes offering 886 weekly passenger trips. The average distance to the nearest stop is 244 meters for residents. Daily service frequency averages 126 trips across all routes, equating to about 30 weekly trips per individual stop.

Service frequency averages 126 trips per day across all routes, equating to approximately 30 weekly trips per individual stop.

Banyo's residents are healthier than average in comparison to broader Australia with prevalence of common health conditions quite low among the general population though higher than the nation's average across older, at risk cohorts

Health data shows that Banyo residents have relatively positive health outcomes. The prevalence of common health conditions among the general population is quite low but higher than the national average for older and at-risk cohorts.

Approximately 56% (~3,683 people) of the total population has private health cover, compared to 58.6% across Greater Brisbane. Mental health issues and asthma are the most common medical conditions in the area, affecting 9.0% and 7.3% of residents respectively. Around 70.8% of residents declare themselves completely clear of medical ailments, similar to the 70.7% figure for Greater Brisbane. Banyo has 12.8% (843 people) of residents aged 65 and over, lower than the 14.3% in Greater Brisbane. Health outcomes among seniors require more attention than those of the broader population.

The level of cultural diversity witnessed in Banyo was found to be above average when compared nationally for a number of language and cultural background related metrics

Banyo's population shows above-average cultural diversity, with 23.0% born overseas and 15.6% speaking a language other than English at home. Christianity is the predominant religion in Banyo, comprising 49.5% of its population. Notably, Judaism is overrepresented compared to Greater Brisbane, making up 0.2% versus 0.1%.

The top three ancestry groups are English (26.5%), Australian (25.3%), and Irish (9.7%). Some ethnic groups have notable divergences in representation: New Zealanders make up 1.2% of Banyo's population compared to 1.0% regionally, Maori at 0.9%, and French at 0.6% versus the regional average of 0.5%.

Banyo's population is slightly younger than the national pattern

Banyo's median age is 37 years, nearly matching Greater Brisbane's average of 36 and close to Australia's median of 38. Compared to Greater Brisbane, Banyo has a higher concentration of residents aged 35-44 (17.3%) but fewer residents aged 15-24 (11.4%). Between the 2021 Census and present day, the age group 45-54 has grown from 13.7% to 14.9%, while the age group 25-34 has declined from 16.2% to 14.4%. By 2041, demographic modeling suggests Banyo's age profile will change significantly. The 45-54 cohort is projected to grow by 37%, adding 367 residents to reach 1,350. Meanwhile, the 0-4 cohort is projected to grow by 0% (adding 1 person).