Banyo

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

Based on ABS population updates and AreaSearch analysis, as of Nov 2025, Banyo's estimated population is around 6,628. This reflects an increase of 523 people since the 2021 Census, which reported a population of 6,105. The change is inferred from AreaSearch's estimation of the resident population at 6,549 following examination of ABS ERP data release in June 2024 and validation of 159 new addresses since the Census date. This results in a density ratio of 1,398 persons per square kilometer, above national averages assessed by AreaSearch. Over the past decade, Banyo has shown resilient growth patterns with a compound annual growth rate of 1.8%, outpacing its SA4 region. Overseas migration contributed approximately 62.0% of overall population gains during recent periods, though all drivers were positive factors.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022. For areas not covered and years post-2032, Queensland State Government's SA2 area projections released in 2023 based on 2021 data are adopted, applying proportional growth weightings from ABS Greater Capital Region projections released in 2023 based on 2022 data. Future population dynamics project an above median growth for the area, expecting an increase of 1,435 persons to 2041, reflecting a total increase of 21.1% 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

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Banyo has recorded around 40 residential properties granted approval per year over the past five financial years. This totals an estimated 202 homes. So far in FY-26, 8 approvals have been recorded. On average, 2.9 new residents are gained for each dwelling built annually between FY-21 and FY-25, indicating healthy demand which supports property values.

New homes are being built at an average expected construction cost of $665,000, revealing that developers target the premium market segment with higher-end properties. Additionally, $14.7 million in commercial development approvals have been recorded this financial year, suggesting balanced commercial development activity. Compared to Greater Brisbane, Banyo has 13.0% less new development per person while it places among the 28th percentile of areas assessed nationally, resulting in relatively constrained buyer choice which supports interest in existing homes. New building activity shows 53.0% detached dwellings and 47.0% attached dwellings, featuring an increasing blend of attached housing types offering choices across price ranges from spacious family homes to more accessible compact options.

This reflects a considerable change from the current housing mix (currently 92.0% houses), likely due to reduced availability of development sites and shifting lifestyle demands and affordability requirements. With around 592 people per dwelling approval, Banyo reflects a highly mature market. Population forecasts indicate Banyo will gain 1,400 residents through to 2041 (from the latest AreaSearch quarterly estimate). Development is keeping reasonable pace with projected growth, though buyers may face increasing competition as the population expands.

Banyo has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

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

The labour market in Banyo shows considerable strength compared to most other Australian regions

Banyo has an educated workforce with varied sector representation. Its unemployment rate was 3.6% in the past year.

Employment growth was estimated at 12.0%. As of September 2025, 4,046 residents are employed, with an unemployment rate of 0.4% below Greater Brisbane's rate of 4.0%. Workforce participation is 69.4%, compared to Greater Brisbane's 64.5%. Leading industries include health care & social assistance, transport, and professional services.

Transport, postal & warehousing has notably high employment levels at 1.9 times the regional average. Education & training is under-represented with 7.4% of Banyo's workforce compared to Greater Brisbane's 9.4%. The worker-to-resident ratio is substantial, indicating significant local employment opportunities. Between September 2024 and September 2025, employment increased by 12.0%, labour force by 10.9%, leading to a 0.9 percentage point decrease in unemployment. In comparison, Greater Brisbane saw employment grow by 3.8%. State-wide, Queensland's employment contracted by 0.01% from November 2024 to November 2025, with an unemployment rate of 4.2%, closely aligned with the national rate of 4.3%. National employment forecasts suggest growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Banyo's industry mix indicates local employment could increase by 6.5% over five years and 13.6% over ten years, though this is a simplified extrapolation for illustrative purposes only.

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

AreaSearch's latest postcode level ATO data for financial year ending June 2023 shows median income in Banyo suburb was $60,747 and average income was $72,336. This compares to Greater Brisbane's median income of $58,236 and average income of $72,799 during the same period. Based on Wage Price Index growth rate of 9.91% since financial year ending June 2023, estimated median income for Banyo as of September 2025 would be approximately $66,767 and average income would be around $79,504. According to Australian Bureau of Statistics Census data from 2021, incomes in Banyo cluster around the 73rd percentile nationally. Income analysis reveals that the largest segment comprises 33.9% of residents earning between $1,500 and $2,999 weekly. This is consistent with broader trends across metropolitan regions showing 33.3% in the same income category. Higher earners represent a significant portion at 30.2%, indicating strong purchasing power within the community. Housing expenses account for 15.0% of total income. Strong earnings rank residents within the 75th percentile for disposable income. The area's SEIFA income ranking places it in the 6th decile nationally.

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

In Banyo, according to the latest Census evaluation, 92.3% of dwellings were houses, with the remaining 7.7% being semi-detached, apartments, or other types. This contrasts with Brisbane's metropolitan area, which had 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's metro average of $1,950 but lower than the national average of $1,863. The median weekly rent in Banyo was $410, compared to Brisbane's metro average of $400 and the national figure of $375.

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

Family households constitute 73.4% of all households, including 34.1% couples with children, 26.1% couples without children, and 11.1% single parent families. Non-family households account for the remaining 26.6%, with lone person households at 22.1% and group households comprising 4.4%. 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 the SA3 area's 35.4%. This gap indicates potential for educational development and skills enhancement. Bachelor degrees are most common 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 comprise 11.8% and certificates 22.4%.

Educational participation is notably high at 27.5%, including primary education (8.6%), secondary education (7.2%), and tertiary education (5.7%).

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

Transport analysis shows 29 active stops operating in Banyo, offering a mix of train and bus services. These stops are served by 21 individual routes, collectively providing 1587 weekly passenger trips. Transport accessibility is rated good, with residents typically located 240 meters from the nearest stop.

Service frequency averages 226 trips per day across all routes, equating to approximately 54 weekly trips per 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 for Banyo shows positive health outcomes overall. The prevalence of common health conditions is low among the general population but higher than the national average for older and at-risk groups.

Approximately 56% (~3,703 people) have private health cover, compared to 60.2% in Greater Brisbane. Mental health issues affect 9.0% of residents, followed by asthma at 7.3%. Around 70.8% report no medical ailments, similar to the 70.7% across Greater Brisbane. Banyo has a lower percentage of seniors aged 65 and over (12.8%, or 848 people) compared to Greater Brisbane's 14.3%. Health outcomes among seniors require more attention than those in the broader population.

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

Banyo's cultural diversity was above average, with 23.0% of its population born overseas and 15.6% speaking a language other than English at home. Christianity was the predominant religion in Banyo, accounting for 49.5% of people. Notably, Judaism had an overrepresentation in Banyo, comprising 0.2% compared to the region's 0.1%.

For ancestry, the top three groups were English (26.5%), Australian (25.3%), and Irish (9.7%). Some ethnic groups showed notable divergences: New Zealand was overrepresented at 1.2% in Banyo versus 1.0%, Maori at 0.9% versus 0.9%, and French at 0.6% compared to the region's 0.5%.

Banyo's population is slightly younger than the national pattern

Banyo's median age is nearly 37 years, close to Greater Brisbane's average of 36 and Australia's median of 38. Compared to Greater Brisbane, Banyo has a higher percentage of 35-44 year-olds (17.3%) but fewer 15-24 year-olds (11.5%). Between the 2021 Census and now, the 45-54 age group has grown from 13.7% to 15.0%, while the 15-24 cohort increased from 10.4% to 11.5%. Conversely, the 25-34 cohort has declined from 16.2% to 14.4%. By 2041, demographic modeling suggests significant changes in Banyo's age profile. The 45-54 cohort is projected to grow by 36%, adding 355 residents to reach 1,350. Meanwhile, the 0-4 group is expected to contract by 2 residents.