Greenbank

Greenbank lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends

As of November 2025, the estimated population for the Greenbank statistical area (Lv2) is around 15,298. This reflects a significant increase from the 2021 Census figure of 9,587 people, marking a growth of 5,711 individuals, or approximately 59.6%. The latest resident population estimate by AreaSearch, following examination of the June 2024 ABS ERP data release and validation of additional addresses since the Census date, is 13,937. This results in a population density ratio of 137 persons per square kilometer, indicating ample space for further development. Notably, Greenbank's growth rate exceeds both national (9.7%) and state averages, positioning it as a regional growth leader. The primary driver of this population growth has been interstate migration, contributing approximately 83.0% of overall gains during recent periods.

However, all factors including natural growth and overseas migration have been positive contributors to the area's demographic trends. AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data and years post-2032, Queensland State Government's SA2 area projections are used, released in 2023 based on 2021 data. Where these state projections lack age category splits, AreaSearch applies proportional growth weightings aligned with the ABS Greater Capital Region projections (released in 2023, based on 2022 data) for each age cohort. Looking ahead, demographic trends suggest exceptional growth for the Greenbank SA2 over the next decade and a half. According to aggregated SA2-level projections, the area is expected to increase by approximately 13,975 persons by 2041, reflecting an overall increase of around 77.8% over this period.

The level of residential development activity in Greenbank was found to be higher than 90% of real estate markets across the country

AreaSearch analysis of ABS building approval numbers allocated from statistical area data shows Greenbank experienced around 486 dwelling approvals each year. Over the past five financial years, between FY-21 and FY-25, approximately 2,432 homes were approved, with a further 292 approved in FY-26 to date. On average, each new dwelling constructed over these five years attracted two new residents.

This suggests a balanced supply and demand dynamic, fostering stable market conditions. The average construction value of new properties was $390,000, higher than regional norms, indicating quality-focused development.

In FY-26, commercial approvals totalled $16.9 million, reflecting steady investment activity in the area. Recent construction comprised 95% detached dwellings and 5% townhouses or apartments, maintaining Greenbank's low-density character. With around 25 people per dwelling approval, Greenbank exhibits growth area characteristics. AreaSearch's latest quarterly estimate projects Greenbank to gain 11,895 residents by 2041. Given current construction levels, housing supply is expected to meet demand adequately, creating favourable conditions for buyers and potentially enabling population growth exceeding current forecasts.

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

The performance of an area can significantly influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified a total of 142 projects that are expected to impact the area. Notable projects include Greenbank Town Centre Redevelopment, Willowbrook Estate, Covella Estate, and Greenbank Town Centre (Greenbank Shopping Centre Expansion & Residential Precinct). The following list provides details on those projects likely to be most relevant.

Professional plan users can use the search below to filter and access additional projects.

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AreaSearch analysis of employment trends sees Greenbank performing better than 90% of local markets assessed across Australia

Greenbank's workforce is skilled, with the construction sector prominently represented. The unemployment rate was 1.9% in September 2025, lower than Greater Brisbane's 4.0%.

Employment grew by an estimated 3.9% over the past year. As of September 2025, 7,558 residents were employed, with a workforce participation rate of 67.3%, slightly higher than Greater Brisbane's 64.5%. Key industries for employment among residents are construction, health care & social assistance, and retail trade. Construction is particularly strong, with an employment share 1.6 times the regional level.

However, professional & technical services are under-represented, at 4.8% compared to Greater Brisbane's 8.9%. The area appears to offer limited local employment opportunities, as indicated by Census data comparing working population and resident population. Over the 12 months to September 2025, employment increased by 3.9%, while labour force grew by 3.5%, leading to a fall in unemployment of 0.4 percentage points. In comparison, Greater Brisbane saw employment grow by 3.8% and unemployment fall by 0.5 percentage points. State-level data as of 25-Nov shows Queensland's employment contracted by 0.01%, with an unemployment rate of 4.2%. National employment forecasts from May-25 project a 6.6% increase over five years and 13.7% over ten years, but growth rates vary significantly between sectors. Applying these projections to Greenbank's employment mix suggests local employment should increase by 6.1% over five years and 12.7% over ten years.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

Greenbank suburb shows median taxpayer income of $56,749 and average income of $64,433 based on latest postcode level ATO data aggregated by AreaSearch for financial year 2023. This is lower than national average, contrasting with Greater Brisbane's median income of $58,236 and average income of $72,799. By September 2025, estimated incomes would be approximately $62,373 (median) and $70,818 (average), considering Wage Price Index growth of 9.91% since financial year 2023. Census 2021 data shows household incomes rank at the 80th percentile with weekly earnings of $2,240. Income distribution indicates largest segment is 37.7% earning $1,500 - $2,999 weekly (5,767 residents), similar to metropolitan region where 33.3% fall into this bracket. Suburb demonstrates affluence with 31.2% earning over $3,000 per week, supporting premium retail and service offerings. Housing accounts for 14.6% of income, while strong earnings place residents within 81st percentile for disposable income. Area's SEIFA income ranking places it in the 5th decile.

Greenbank is characterized by a predominantly suburban housing profile

Greenbank's dwelling structure, as per the latest Census evaluation, consisted of 98.6% houses and 1.4% other dwellings such as semi-detached properties, apartments, and 'other' dwellings. Home ownership in Greenbank stood at 28.4%, with mortgaged dwellings accounting for 56.1% and rented dwellings at 15.4%. The median monthly mortgage repayment in the area was $2,015, recorded as of the latest available data. Meanwhile, the median weekly rent figure stood at $430. Nationally, Greenbank's median monthly mortgage repayments were higher than the Australian average of $1,863, while rents were substantially above the national figure of $375, also based on the most recent data available.

Greenbank features high concentrations of family households, with a median household size of 3.2 people

Family households comprise 85.9% of all households, including 46.0% couples with children, 29.0% couples without children, and 10.1% single parent families. Non-family households account for the remaining 14.1%, with lone person households at 12.0% and group households making up 2.1%. The median household size is 3.2 people.

Greenbank shows below-average educational performance compared to national benchmarks, though pockets of achievement exist

The area's university qualification rate is 17.0%, significantly 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 12.4%, followed by postgraduate qualifications (2.9%) and graduate diplomas (1.7%). Trade and technical skills are prominent, with 42.4% of residents aged 15+ holding vocational credentials – advanced diplomas (11.0%) and certificates (31.4%).

Educational participation is high, with 30.1% of residents currently enrolled in formal education. This includes 10.7% in primary education, 9.5% in secondary education, and 4.1% pursuing tertiary education.

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

Greenbank has 19 active public transport stops, all of which are bus stops. These stops are served by three different routes that together facilitate 560 weekly passenger trips. Residents' access to these services is considered limited, with an average distance of 1900 meters to the nearest stop.

On average, there are 80 trips per day across all routes, which translates to approximately 29 weekly trips per individual stop.

Greenbank'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

Greenbank residents show relatively positive health outcomes.

Prevalence of common conditions is low compared to the general population but higher than national averages in older, at-risk groups. Private health cover stands at approximately 53% of Greenbank's total population (~8,066 people), slightly above the average SA2 area rate. The most prevalent medical conditions are asthma and mental health issues, affecting 8.2 and 7.8% of residents respectively. Around 70.0% of residents report no medical ailments, compared to 0% across Greater Brisbane. Greenbank has 12.2% of residents aged 65 and over (1,866 people). Health outcomes among seniors require more attention than those in the broader population.

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

Greenbank's cultural diversity was found to be above average, with 13.5% of its population speaking a language other than English at home and 24.4% born overseas. The predominant religion in Greenbank is Christianity, accounting for 46.9% of the population. Notably, the 'Other' religious category comprises 2.2% of the population, which is higher compared to None% across Greater Brisbane.

In terms of ancestry, the top three represented groups are English (28.9%), Australian (26.1%), and Other (9.3%). Some ethnic groups show significant variations: New Zealanders make up 1.4% of Greenbank's population (compared to None% regionally), Maori also account for 1.4%, and Samoans comprise 0.8%.

Greenbank's population is slightly younger than the national pattern

Greenbank's median age in 2021 was 36 years, equal to Greater Brisbane's but younger than the national average of 38. The 5-14 age group made up 15.3% of Greenbank's population compared to Greater Brisbane, while the 25-34 cohort constituted 13.1%. Between 2021 and the present day, the 35-44 age group has increased from 13.4% to 14.4% of the population. Conversely, the 55-64 cohort decreased from 12.4% to 11.1%, and the 65-74 group dropped from 8.7% to 7.4%. Population forecasts for Greenbank in 2041 suggest significant demographic shifts, with the 45-54 age cohort projected to grow by 2,082 people (101%), from 2,065 to 4,148.