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

Based on ABS population updates and AreaSearch validations, the population of Jacobs Well is estimated at around 3709 as of Feb 2026. This reflects an increase of 827 people since the 2021 Census, which reported a population of 2882. The change was inferred from AreaSearch's estimate of 3570 residents following examination of ABS's latest ERP data release (June 2024), along with additional validated new addresses since the Census date. Jacobs Well's population density is 273 persons per square kilometer, providing significant space per person and potential room for further development. The suburb's growth rate of 28.7% since the 2021 census exceeded Rest of Qld (9.1%) and national averages, marking it as a regional growth leader. Interstate migration contributed approximately 85.0% of overall population gains during recent periods, with natural growth and overseas migration also positive factors.

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 or years post-2032, Queensland State Government's SA2 area projections are adopted, released in 2023 based on 2021 data. These state projections do not provide age category splits; hence proportional growth weightings aligned with ABS Greater Capital Region projections are applied for each age cohort. Future population trends predict exceptional growth, placing Jacobs Well in the top 10 percent of national non-metropolitan areas by 2041, with an expected increase of 1765 persons reflecting a total increase of 38.5% over the 17 years.

AreaSearch assessment of residential development activity positions Jacobs Well among the top 25% of areas assessed nationwide

AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, shows Jacobs Well has recorded around 50 residential properties granted approval each year. Over the past 5 financial years, between FY-21 and FY-25, approximately 254 homes were approved, with an additional 25 so far in FY-26. On average, about 2.9 people have moved to the area per new home constructed over these years, indicating healthy demand which should support property values.

New homes are being built at an average expected construction cost value of $732,000, suggesting developers target the premium market segment with higher-end properties. In FY-26, $4.3 million in commercial approvals have been registered, demonstrating the area's primarily residential nature. Compared to Rest of Qld, Jacobs Well has 80.0% more building activity per person, providing buyers with ample choice, although construction activity has eased recently. This activity is well above average nationally, reflecting strong developer confidence in the area. Recent construction comprises 98.0% detached houses and 2.0% townhouses or apartments, preserving the area's low density nature and attracting space-seeking buyers.

With around 81 people per dwelling approval, Jacobs Well shows characteristics of a growth area. Looking ahead, AreaSearch estimates Jacobs Well is expected to grow by 1,426 residents through to 2041. Current development appears well-matched to future needs, supporting steady market conditions without extreme price pressure.

Jacobs Well 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 five projects that may affect this region. Notable projects include Calypso Bay, Stapylton-Jacobs Well Road Upgrade, Pelican on Parade Estate, and Pelican Place Estate. The following details those most relevant.

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

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Employment conditions in Jacobs Well demonstrate strong performance, ranking among the top 35% of areas assessed nationally

Jacobs Well's workforce is balanced across white and blue-collar jobs. The construction sector stands out with high representation, an unemployment rate of 2.9%, and estimated employment growth of 2.7% in the past year, as per AreaSearch data aggregation. As of September 2025, 1,959 residents are employed, with an unemployment rate of 1.1% below Rest of Qld's rate of 4.1%.

Workforce participation is 68.4%, slightly higher than Rest of Qld's 65.7%. About 16.0% of residents work from home, though Covid-19 lockdown impacts may have influenced this figure. Major employment industries include construction, health care & social assistance, and manufacturing. Jacobs Well specializes in construction, with an employment share twice the regional level, but under-represents health care & social assistance, at 10.1% compared to Rest of Qld's 16.1%.

Employment opportunities locally may be limited, indicated by Census working population vs resident population counts. Between September 2024 and September 2025, employment levels increased by 2.7%, labour force grew by 2.5%, and unemployment fell by 0.2 percentage points, contrasting with Rest of Qld's figures. Jobs and Skills Australia forecasts national employment growth at 6.6% over five years and 13.7% over ten years. 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 this is a simplified extrapolation for illustrative purposes only.

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

The suburb of Jacobs Well has a median taxpayer income of $59,280 and an average income of $68,934 according to the latest postcode level ATO data aggregated by AreaSearch for financial year 2023. This is slightly above the national average, contrasting with Rest of Qld's median income of $53,146 and average income of $66,593. Based on Wage Price Index growth of 9.91% since financial year 2023, current estimates would be approximately $65,155 (median) and $75,765 (average) as of September 2025. 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 (1,405 individuals), reflecting patterns seen in the region where 31.7% similarly occupy this range. High housing costs consume 16.2% of income, however 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

In Jacobs Well, as per the latest Census evaluation, 98.9% of dwellings were houses with 1.1% being other types such as semi-detached homes, apartments, or 'other' dwellings. This contrasts with Non-Metro Qld's figures of 76.4% houses and 23.6% other dwellings. Home ownership in Jacobs Well stood at 29.2%, with mortgaged properties at 56.6% and rented ones at 14.2%. The median monthly mortgage repayment was $2,141, higher than Non-Metro Qld's average of $1,655. Meanwhile, the median weekly rent in Jacobs Well was $465 compared to Non-Metro Qld's $345. Nationally, Jacobs Well's mortgage repayments were significantly higher at $2,141 versus Australia's 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 constitute 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 account for 15.8%, with lone person households at 13.4% and group households comprising 2.2%. The median household size is 2.7 people, larger than the Rest of Qld 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's university qualification rate is 13.8%, significantly lower than Australia's average of 30.4%. Bachelor degrees are the most common at 10.1%, followed by postgraduate qualifications (2.4%) and graduate diplomas (1.3%). Vocational credentials are prevalent, with 46.5% of residents aged 15+ holding them, including advanced diplomas (11.8%) and certificates (34.7%). Educational participation is high at 25.7%, with 9.7% in primary education, 7.7% in secondary education, and 3.1% pursuing tertiary education.

Educational participation is notably 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

Public transport analysis indicates ten active transport stops operating within Jacobs Well, consisting of a mix of bus services. These stops are served by one individual route, collectively facilitating 181 weekly passenger trips. Transport accessibility is rated good, with residents typically located 288 meters from the nearest stop. As predominantly residential, most residents commute outward; car remains the primary mode at 95%. Vehicle ownership averages 2.0 per dwelling, exceeding the regional average. Sixteen percent of residents work from home (2021 Census data).

Service frequency averages 25 trips daily across all routes, equating 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 evaluated by AreaSearch through mortality rates and chronic condition prevalence. The prevalence of common health conditions is low among the general population but higher than the national average for older, at-risk cohorts.

Approximately 55% (~2,022 people) have private health cover, compared to 52.5% in the rest of Queensland. Arthritis and asthma are the most prevalent medical conditions, affecting 8.9 and 7.2% of residents respectively, while 69.5% report being completely free from medical ailments, compared to 67.6% in the rest of Queensland. Health outcomes for those under 65 are better than average. Jacobs Well has 14.8% (548 people) of residents aged 65 and over, lower than the 20.4% in the rest of Queensland but still ranks lower nationally compared to the broader population.

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 cultural diversity index below the average, with 87.2% citizens, 79.6% born in Australia, and 95.6% speaking English only at home. Christianity was the predominant religion, accounting for 48.9%, compared to 52.2% regionally. The top three ancestry groups were English (31.7%), Australian (28.1%), and Scottish (8.1%).

Notably, New Zealanders made up 1.9% of Jacobs Well's population versus 0.9% regionally, Maori comprised 1.5% versus 0.8%, and Hungarians constituted 0.4% compared to the regional 0.2%.

Jacobs Well's median age exceeds the national pattern

The median age in Jacobs Well was 41 years as of the 2021 Census, matching Rest of Qld's average and being somewhat older than Australia's average of 38 years. Compared to Rest of Qld, Jacobs Well had a higher proportion of residents aged 45-54 (14.3%) but fewer residents aged 75-84 (4.3%). Between the 2016 Census and the 2021 Census, the median age decreased by 1.1 years from 42 to 41, indicating a shift towards a younger demographic. Key changes in age distribution showed that the proportion of residents aged 15-24 increased from 9.6% to 12.7%, while those aged 35-44 rose from 13.5% to 14.6%. Conversely, the proportion of residents aged 45-54 decreased from 16.2% to 14.3%, and those aged 55-64 dropped from 15.2% to 13.8%. Demographic modeling suggests that Jacobs Well's age profile will significantly evolve by 2041, with the 45-54 age cohort projected to experience strong growth, expanding by 258 people (49%) from 530 to 789.