Millbank (Qld)

Millbank has shown very soft population growth performance across periods assessed by AreaSearch

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, Millbank's population is estimated at around 2628 as of November 2025. This reflects an increase of 129 people (5.2%) since the 2021 Census, which reported a population of 2499 people. The change is inferred from the resident population of 2611 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional two validated new addresses since the Census date. This level of population equates to a density ratio of 768 persons per square kilometer, which is relatively in line with averages seen across locations assessed by AreaSearch. Population growth for the area was primarily driven by interstate migration that contributed approximately 82% of overall population gains during recent periods.

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. These state projections do not provide age category splits; hence proportional growth weightings aligned with ABS Greater Capital Region projections released in 2023 based on 2022 data are applied where utilised. Considering projected demographic shifts, lower quartile growth of non-metropolitan areas nationally is anticipated. The Millbank (Qld) SA2 is expected to increase by 64 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of approximately 2.4% in total over the 17 years.

Residential development activity is lower than average in Millbank according to AreaSearch's national comparison of local real estate markets

Millbank has seen minimal construction activity with three new dwelling approvals annually on average over the past five years. This totals 16 dwellings approved during this period. The area's rural nature contributes to these low development levels, as housing needs driven by local demand typically guide development rather than broader market forces.

Notably, the small sample size can significantly influence annual growth and relativity statistics. Compared to Rest of Qld and national averages, Millbank has much lower development activity. All new constructions in the area have been detached houses, maintaining its rural character with an emphasis on space. Interestingly, developers are building more traditional houses than the current mix suggests (77.0% at Census), indicating continued strong demand for family homes despite density pressures.

The estimated population per dwelling approval is 578 people, reflecting Millbank's quiet and low activity development environment. According to AreaSearch quarterly estimates, the area is projected to add 62 residents by 2041. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

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

Four projects identified by AreaSearch may impact the area: New Social Housing in Avoca, Millbank Wastewater Treatment Plant - Inlet Works, Bundaberg Social Housing Program, and Bundaberg Civic and Cultural Precinct. These are key projects to consider for their potential influence on the area's performance.

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

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Millbank shows employment indicators that trail behind approximately 70% of regions assessed across Australia

Millbank has a diverse workforce with both white and blue collar jobs. Key sectors include essential services, healthcare & social assistance, retail trade, and education & training.

The unemployment rate was 6.7% in September 2024, with an estimated employment growth of 8.2% over the past year. As of September 2025, 1,081 residents are employed, but the unemployment rate is higher than Rest of Qld's at 7.8%. Workforce participation is lower at 45.3%, compared to Rest of Qld's 59.1%. Employment is concentrated in healthcare & social assistance, which is 1.6 times the regional average, but public administration & safety has lower representation at 2.6% versus the regional average of 5.9%.

Over the year to September 2025, employment increased by 8.2%, while labour force grew by 9.4%, causing unemployment to rise by 1.1 percentage points. In contrast, Rest of Qld saw employment grow by 1.7% and unemployment rise by 0.3 percentage points. State-level data from November 25 shows Queensland's employment contracted by 0.01%, with an unemployment rate of 4.2%. National forecasts suggest overall employment growth of 6.6% over five years and 13.7% over ten years, but local projections based on Millbank's employment mix estimate growth at 6.7% over five years and 14.3% over ten years.

Income metrics place the area in the bottom 10% of locations nationally according to AreaSearch analysis

According to AreaSearch's aggregation of latest postcode level ATO data released for financial year ended June 2023, Millbank suburb had median income among taxpayers at $38,159 and average income at $47,152. These figures are lower than national averages of $53,146 and $66,593 respectively in Rest of Qld. Based on Wage Price Index growth rate of 9.91% from financial year ended June 2023 to September 2025, estimated median income is approximately $41,941 and average income is $51,825 as of that date. From the 2021 Census, household incomes in Millbank fall between 3rd and 4th percentiles nationally. Income analysis shows 29.6% of population (777 individuals) have income within $400 - $799 range, contrasting with region where $1,500 - $2,999 bracket leads at 31.7%. Housing affordability pressures are severe in Millbank, with only 83.1% of income remaining after housing costs, ranking at 4th percentile nationally.

Millbank is characterized by a predominantly suburban housing profile, with a higher proportion of rental properties than the broader region

Dwelling structure in Millbank, as evaluated at the latest Census conducted on 28 August 2016, comprised 76.7% houses and 23.3% other dwellings. In comparison, Non-Metro Qld had 84.6% houses and 15.4% other dwellings. Home ownership in Millbank was at 38.2%, with the remainder of dwellings either mortgaged (24.6%) or rented (37.3%). The median monthly mortgage repayment in Millbank was $1,188, recorded as of 2019, while the median weekly rent figure was $270, compared to Non-Metro Qld's $1,300 and $285 respectively. Nationally, Millbank's mortgage repayments were significantly lower than the Australian average of $1,863 as of 2020, while rents were substantially below the national figure of $375 for the same year.

Millbank features high concentrations of lone person households and group households, with a lower-than-average median household size

Family households constitute 63.6% of all households, including 19.0% couples with children, 28.5% couples without children, and 15.1% single parent families. Non-family households account for the remaining 36.4%, with lone person households at 32.5% and group households comprising 3.8%. The median household size is 2.2 people, which is smaller than the Rest of Qld average of 2.4.

Millbank performs slightly above the national average for education, showing competitive qualification levels and steady academic outcomes

The area's university qualification rate is 14.1%, significantly lower than Australia's average of 30.4%. Bachelor degrees are the most common, at 10.0%, followed by postgraduate qualifications (2.7%) and graduate diplomas (1.4%). Vocational credentials are prevalent, with 35.7% of residents aged 15+ holding them, including advanced diplomas (6.8%) and certificates (28.9%). A total of 23.2% of the population is actively engaged in formal education, comprising 9.3% in primary, 6.3% in secondary, and 3.2% in tertiary education.

A substantial 23.2% of the population actively pursues formal education. This includes 9.3% in primary education, 6.3% in secondary education, and 3.2% pursuing tertiary education.

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

Millbank has 14 active public transport stops, all of which are bus stops. These stops are served by 5 different routes that together offer 222 weekly passenger trips. The accessibility of these services is rated as good, with residents typically living just 208 meters from the nearest stop.

On average, there are 31 trips per day across all routes, which amounts to about 15 weekly trips per individual stop.

Health performance in Millbank is a key challenge with a range of health conditions having marked impacts on both younger and older age cohorts

Millbank faces significant health challenges, with various conditions affecting both younger and older residents. Private health cover is low at approximately 46%, covering around 1,205 people, compared to 48.4% across the rest of Queensland (Rest of Qld) and a national average of 55.7%. The most prevalent medical conditions are arthritis (13.2%) and mental health issues (9.2%).

Conversely, 53.3% reported no medical ailments, compared to 59.1% in Rest of Qld. Millbank has a higher proportion of seniors aged 65 and over at 32.4%, or around 851 people, compared to 26.3% in Rest of Qld. The health outcomes among seniors are broadly aligned with the general population's health profile.

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

Millbank's population was found to be predominantly culturally homogeneous, with 87.6% born in Australia, 91.4% being citizens, and 93.3% speaking English only at home. Christianity was the dominant religion, comprising 54.4% of Millbank's population, compared to 54.0% across the Rest of Qld. The top three parental ancestry groups were English (32.6%), Australian (29.7%), and Irish (7.9%).

Some ethnic groups showed notable differences in representation: German at 6.1% (vs regional 6.4%), Australian Aboriginal at 3.9% (vs regional 3.4%), and Serbian at 0.3% (vs regional 0.1%).

Millbank hosts an older demographic, ranking in the top quartile nationwide

Millbank's median age is 47 years, which is notably higher than Rest of Qld's median age of 41 years and considerably older than the national norm of 38 years. Compared to the Rest of Qld average, Millbank has a notable over-representation of the 65-74 age cohort (15.1% locally) while under-representing the 35-44 year-olds (9.4%). This concentration of the 65-74 cohort is well above the national average of 9.4%. Between 2021 and present, the 25 to 34 age group has grown from 11.4% to 12.5% of Millbank's population. Demographic modeling suggests that by 2041, Millbank's age profile will evolve significantly. The 85+ age cohort is projected to expand notably, increasing by 72 people (43%) from 168 to 241. Notably, the combined 65+ age groups are projected to account for 67% of total population growth, reflecting Millbank's aging demographic profile. In contrast, population declines are projected for the 35-44 and 45-54 cohorts.