Millbank (Qld)

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

As of Feb 2026, Millbank's population is estimated at around 2,630. This reflects an increase of 131 people since the 2021 Census, which reported a population of 2,499. The change is inferred from AreaSearch's estimate of 2,611 residents following examination of ABS ERP data released in June 2024 and one validated new address since the Census date. This level of population equates to a density ratio of 769 persons per square kilometer. Population growth was primarily driven by interstate migration contributing approximately 82.0% 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. Considering projected demographic shifts, the suburb is expected to increase by 62 persons to 2041, reflecting a total increase of 2.2% 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 residential construction activity, with an average of three new dwelling approvals per year over the past five years. This totals 16 dwellings approved in that period. The rural nature of Millbank drives development based on specific local housing needs rather than broader market demand.

The small sample size means individual projects can significantly influence annual growth and relativity statistics. Compared to Rest of Qld, Millbank has much lower development activity, and its levels are also below national averages. All new construction in the area consists of detached houses, maintaining its rural character with an emphasis on space. Notably, developers are building more traditional houses than the current mix suggests (77.0% at Census), indicating 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. Future projections estimate Millbank will add 58 residents by 2041, based on the latest AreaSearch quarterly estimate. 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 strong levels of nearby infrastructure activity, ranking in the top 30% nationally

AreaSearch has identified four projects that could impact the local area's performance. These include New Social Housing in Avoca, Millbank Wastewater Treatment Plant - Inlet Works, Bundaberg Social Housing Program, and Bundaberg Civic and Cultural Precinct. The following list details those likely to be most relevant.

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 balanced workforce comprising white and blue collar jobs. Essential services sectors are well represented in the area. The unemployment rate is 6.8%, with an estimated employment growth of 8.2% over the past year.

As of September 2025, there are 1,080 residents employed, with an unemployment rate of 9%. This is above Rest of Qld's rate of 4.1%. Workforce participation in Millbank is lower at 52.7%, compared to Rest of Qld's 65.7%. Only 2.4% of residents work from home.

Employment is concentrated in health care & social assistance, retail trade, and education & training. Health care & social assistance has a notably high concentration, with employment levels at 1.6 times the regional average. Conversely, public administration & safety shows lower representation at 2.6%. Over the year to September 2025, employment increased by 8.2% while labour force increased by 9.5%, causing unemployment to rise by 1.1 percentage points. National employment forecasts from Jobs and Skills Australia project an increase of 6.7% over five years and 14.3% over ten years for Millbank, based on its current employment mix.

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

According to AreaSearch's aggregation of the latest postcode level ATO data released on June 30, 2023, Millbank suburb had a median income among taxpayers of $38,159 with an average level standing at $47,152. This is lower than national averages of $53,146 and $66,593 across Rest of Qld respectively. Based on Wage Price Index growth of 9.91% from financial year 2023 to September 2025, estimated median income would be approximately $41,941 and average at $51,825 during this period. From the 2021 Census data, incomes in Millbank fall between the 3rd and 4th percentiles nationally for households, families, and individuals. Income analysis shows that 29.6% of the population (778 individuals) have incomes ranging from $400 to $799, contrasting with the region where the $1,500 to $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 the 4th percentile nationally.

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

Millbank's dwelling structures, as per the latest Census, were 76.7% houses and 23.3% other dwellings. Non-Metro Qld had similar figures of 76.4% houses and 23.6% other dwellings. Home ownership in Millbank was 38.2%, with mortgaged dwellings at 24.6% and rented ones at 37.3%. The median monthly mortgage repayment was $1,188, lower than Non-Metro Qld's average of $1,655. The median weekly rent in Millbank was $270, compared to Non-Metro Qld's $345. Nationally, Millbank's mortgage repayments were significantly lower at $1,188 against the Australian average of $1,863, and rents were substantially below the national figure of $375.

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 comprise the remaining 36.4%, with lone person households at 32.5% and group households making up 3.8%. The median household size is 2.2 people, which is smaller than the Rest of Qld average of 2.5.

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 the Australian average of 30.4%. This disparity presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most common, with a rate of 10.0%, followed by postgraduate qualifications at 2.7% and graduate diplomas at 1.4%. Vocational credentials are prevalent among residents aged 15 and above, with 35.7% holding such qualifications.

Advanced diplomas account for 6.8%, while certificates make up 28.9%. A substantial 23.2% of the population is actively engaged in 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 operational public transport stops, all serving buses. Five different routes operate here, offering a total of 222 weekly passenger trips. Transport accessibility is rated good, with residents on average located 208 meters from the nearest stop. Most residents commute outward due to its residential nature. Cars remain the primary mode of transport, used by 94% of residents. On average, there are 1.1 vehicles per dwelling, lower than the regional average.

According to the 2021 Census, only 2.4% of residents work from home, which could be due to COVID-19 conditions. Across all routes, service frequency averages 31 trips per day, resulting in approximately 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, as indicated by AreaSearch's assessment. Mortality rates and chronic condition prevalence are high across various health conditions that affect both younger and older age groups. Private health cover is extremely low at approximately 46% of the total population (~1,206 people), compared to 52.5% in Rest of Qld and the national average of 55.7%.

The most prevalent medical conditions are arthritis (13.2%) and mental health issues (9.2%). Conversely, 53.3% of residents reported no medical ailments, lower than the 67.6% in Rest of Qld. Working-age individuals face notable health challenges due to elevated chronic condition rates. The area has a higher proportion of seniors, with 32.5% aged 65 and over (854 people), compared to 20.4% in Rest of Qld. Health outcomes among seniors present some challenges, aligning with national rankings for the general population.

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

Millbank's cultural diversity was found to be below average, with 87.6% of its population born in Australia, 91.4% being citizens, and 93.3% speaking English only at home. Christianity was the main religion, comprising 54.4% of Millbank's population, compared to 52.2% across Rest of Qld. The top three ancestry groups were English (32.6%), Australian (29.7%), and Irish (7.9%).

Notably, German ancestry was overrepresented at 6.1%, while Australian Aboriginal was equally represented at 3.9%. Serbian ancestry was also notably present at 0.3% compared to the regional average of 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 41 years and considerably older than the national norm of 38 years. Compared to the Rest of Qld average, the 85+ cohort is notably over-represented in Millbank at 6.4%, while the 35-44 age group is under-represented at 9.2%. Between 2021 and present, the 25-34 age group has grown from 11.4% to 13.0% of the population, while the 35-44 cohort has declined from 9.8% to 9.2%. By 2041, demographic modeling suggests Millbank's age profile will change significantly. The 85+ age cohort is projected to expand by 73 people (44%) from 168 to 242. Notably, the combined 65+ age groups are projected to account for 72% of total population growth, reflecting the area's aging demographic profile. In contrast, population declines are projected for the 65-74 and 5-14 cohorts.