Jacobs Well

Jacobs Well lies within the top 10% of areas nationally in terms of population growth performance according to AreaSearch analysis of short and medium-term trends

As per ABS population updates and AreaSearch validation, the population of Jacobs Well is estimated at around 4,024 as of May 2026. This reflects a growth of 1,142 people since the 2021 Census, which reported a population of 2,882. The growth was inferred from AreaSearch's estimate of 3,780 residents in June 2025 and an additional 268 validated new addresses since the Census date. This results in a density ratio of 296 persons per square kilometer. Jacobs Well's population grew by 39.6% between the 2021 Census and May 2026, exceeding the Rest of Qld's growth rate of 9.2%. Interstate migration contributed approximately 85.0% of overall population gains during recent periods.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022, and Queensland State Government's SA2 area projections released in 2023 based on 2021 data for areas not covered by this data and years post-2032. Future population trends predict exceptional growth, placing Jacobs Well in the top 10 percent of national non-metropolitan areas. By 2041, the suburb is expected to increase by 1,945 persons, reflecting a total increase of 42.3% over the 16 years.

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

AreaSearch analysis of ABS building approval numbers in Jacobs Well shows around 51 residential properties granted approval each year. Over the past five financial years, from FY-21 to FY-25, approximately 255 homes were approved, with a further 59 approved so far in FY-26. This results in an average of about 4.4 new residents arriving per dwelling constructed annually over these five years.

This demand outpaces supply, which typically influences prices and increases competition among buyers. The average construction value of new homes is $732,000, indicating developers target the premium market segment with higher-end properties. In FY-26, commercial approvals totalled $4.3 million, reflecting the area's primarily residential nature. Compared to the Rest of Qld, Jacobs Well has 75.0% more building activity per person, providing buyers ample choice, although recent construction activity has eased. This high activity level is above the national average, indicating strong developer confidence in the area.

Recent construction comprises 98.0% detached houses and 2.0% townhouses or apartments, maintaining Jacobs Well's low density nature and attracting space-seeking buyers with an emphasis on detached housing. With around 85 people per dwelling approval, Jacobs Well exhibits growth area characteristics. According to AreaSearch's latest quarterly estimate, Jacobs Well is projected to grow by 1,701 residents through to 2041. Development keeps pace with projected growth, though increasing competition may be faced by buyers as the population expands.

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

Infrastructure changes significantly influence an area's performance. AreaSearch has identified six projects likely impacting the region. Notable projects are Pelican on Parade Estate, Calypso Bay, Pelican Place Estate - Jacobs Well, and Pelican Place Estate. The following 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.

Jacobs Well ranks among the top 25% of areas assessed nationally for overall employment performance

Jacobs Well has a diverse workforce with both white and blue collar jobs. The construction sector is notably prominent. Unemployment stands at 2.9%, with an estimated employment growth of 4.4% over the past year, according to AreaSearch's aggregation of statistical area data.

As of December 2025, 2,152 residents are employed, while the unemployment rate is 1.1% lower than Regional Qld's rate of 4.0%. Workforce participation in Jacobs Well is higher at 71.1%, compared to Regional Qld's 64.5%. According to Census responses, 16.0% of residents work from home, though Covid-19 lockdown impacts should be considered. Leading employment industries include construction, health care & social assistance, and manufacturing.

Jacobs Well has a significant specialization in construction, with an employment share twice the regional level. However, health care & social assistance is under-represented, with only 10.1% of Jacobs Well's workforce compared to Regional Qld's 16.1%. Employment opportunities locally may be limited, as indicated by the difference between Census working population and resident population. In the year to December 2025, employment levels increased by 4.4%, labour force grew by 4.3%, with unemployment remaining largely unchanged. This contrasts with Regional Qld, where employment grew by 0.7%, labour force expanded by 1.0%, and unemployment rose slightly. National employment forecasts from Jobs and Skills Australia, released in May-25, suggest potential future demand within Jacobs Well. These projections estimate national employment growth of 6.6% over five years and 13.7% over ten years. However, growth rates vary significantly between industry sectors. Applying these projections to Jacobs Well's employment mix suggests local employment should increase by 6.0% over five years and 12.4% over ten years, though these are simple extrapolations for illustrative purposes and do not account for localised population projections.

The area exhibits notably strong income performance, ranking higher than 70% of areas assessed nationally through AreaSearch analysis

The median taxpayer income in Jacobs Well suburb is $59,280, with an average of $68,934, according to the latest postcode level ATO data aggregated by AreaSearch for the financial year 2023. This figure is slightly above the national average, contrasting with Regional Qld's median income of $53,146 and average income of $66,593. Based on Wage Price Index growth of 11.36% since the financial year 2023, current estimates would be approximately $66,014 (median) and $76,765 (average) as of March 2026. Census data shows that household, family and personal incomes in Jacobs Well cluster around the 71st percentile nationally. In terms of income distribution, the $1,500 - $2,999 earnings band captures 37.9% of the community (1,525 individuals), reflecting patterns seen in the region where 31.7% similarly occupy this range. High housing costs consume 16.2% of income, though strong earnings still place disposable income at the 73rd percentile and the area's SEIFA income ranking places it in the 6th decile.

Jacobs Well is characterized by a predominantly suburban housing profile, with ownership patterns similar to the broader region

The dwelling structure in Jacobs Well, as per the latest Census, consisted of 98.9% houses and 1.1% other dwellings (semi-detached, apartments, 'other' dwellings). This contrasts with Regional Qld's composition of 76.4% houses and 23.6% other dwellings. Home ownership in Jacobs Well stood at 29.2%, with mortgaged dwellings at 56.6% and rented dwellings at 14.2%. The median monthly mortgage repayment was $2,141, higher than Regional Qld's average of $1,655. The median weekly rent in Jacobs Well was $465, compared to Regional Qld's $375. Nationally, Jacobs Well's mortgage repayments were significantly higher at $2,141 against the Australian average of $1,863, and rents were substantially above the national figure of $375.

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

Family households account for 84.2% of all households, including 37.7% couples with children, 37.3% couples without children, and 8.5% single parent families. Non-family households make up the remaining 15.8%, with lone person households at 13.4% and group households comprising 2.2%. The median household size is 2.7 people, which is larger than the Regional Queensland average of 2.5.

Jacobs Well shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

The area has university qualification rates of 13.8%, significantly lower than the Australian average of 30.4%. This disparity presents both challenges and opportunities for targeted educational initiatives. Bachelor degrees are most common at 10.1%, followed by postgraduate qualifications at 2.4% and graduate diplomas at 1.3%. Vocational credentials are prevalent, with 46.5% of residents aged 15+ holding them.

Advanced diplomas account for 11.8% while certificates make up 34.7%. Educational participation is high, with 25.7% of residents currently enrolled in formal education. This includes 9.7% in primary education, 7.7% in secondary education, and 3.1% pursuing tertiary education.

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

Jacobs Well has ten operational public transport stops, all offering bus services. These stops are served by one route collectively facilitating 181 weekly passenger trips. Transport accessibility is deemed good, with residents typically residing 288 meters from the nearest stop. As a predominantly residential area, most commuters travel outward, primarily using cars (95%). On average, there are 2.0 vehicles per dwelling, exceeding the regional norm. According to the 2021 Census, 16% of residents work from home, potentially influenced by COVID-19 conditions.

Across all routes, service frequency averages 25 trips daily, translating to approximately 18 weekly trips per individual stop.

The level of general health in Jacobs Well is notably higher than the national average with prevalence of common health conditions low among the general population though higher than the nation's average across older, at risk cohorts

Jacobs Well shows superior health outcomes, as assessed by AreaSearch through mortality rates and chronic condition prevalence. The prevalence of common health conditions among its general population is low but exceeds the national average for older, high-risk cohorts.

Approximately 55% (~2,193 people) have private health cover, higher than Regional Qld's 52.5%. The most prevalent medical conditions are arthritis and asthma, affecting 8.9 and 7.2% of residents respectively, with 69.5% reporting no medical ailments compared to Regional Qld's 67.6%. Health outcomes for the under-65 population are better than average. Jacobs Well has 15.2% of residents aged 65 and over (611 people), lower than Regional Qld's 20.4%, but ranks below the national average for this age group.

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

Jacobs Well had a lower cultural diversity, with 87.2% citizens, 79.6% born in Australia, and 95.6% speaking English only at home. Christianity was the predominant religion, at 48.9%, compared to Regional Qld's 52.2%. The top ancestry groups were English (31.7%), Australian (28.1%), and Scottish (8.1%).

Notably, New Zealanders were overrepresented at 1.9% (vs regional 0.9%), Maori at 1.5% (vs 0.8%), and Hungarians at 0.4% (vs 0.2%).

Jacobs Well's median age exceeds the national pattern

The median age in Jacobs Well is 41 years, matching Regional Queensland's average and slightly older than Australia's 38 years. Compared to Regional Queensland, Jacobs Well has a higher proportion of residents aged 45-54 (14.4%) but fewer residents aged 75-84 (4.3%). According to the 2021 Census, the population aged 15-24 grew from 9.6% to 13.0%, while the 45-54 age group declined from 16.2% to 14.4%. By 2041, demographic projections indicate significant shifts in Jacobs Well's age structure. The 45-54 age group is projected to grow by 54% (312 people), reaching a total of 892 from the current figure of 579.