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 since the Census, Millbank's population is estimated at around 2,594 as of Nov 2025. This reflects an increase of 95 people (3.8%) since the 2021 Census, which reported a population of 2,499 people. The change is inferred from the resident population of 2,553 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 2 validated new addresses since the Census date. This level of population equates to a density ratio of 758 persons per square kilometer, which is relatively in line with averages seen across locations assessed by AreaSearch. Population growth for the suburb was primarily driven by interstate migration that contributed 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. It should be noted that these state projections do not provide age category splits; hence where utilised, AreaSearch applies proportional growth weightings inline with the ABS Greater Capital Region projections released in 2023 based on 2022 data for each age cohort. Considering projected demographic shifts, lower quartile growth of non-metropolitan areas nationally is anticipated. The suburb is expected to increase by 63 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 3.7% 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 had 2 new dwelling approvals annually over the past five years, totalling 14. This low development level reflects its rural nature where housing needs drive development rather than market demand. The small sample size means individual projects can significantly impact annual growth statistics.

Millbank has much lower development activity compared to Rest of Qld and national averages. All new constructions were detached houses, maintaining the area's rural character. Interestingly, 77% of dwellings built were traditional houses, indicating strong family home demand despite density pressures. The estimated population per dwelling approval is 521 people.

Future projections show Millbank adding 95 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing buyer competition and supporting stronger price growth.

Millbank has emerging levels of nearby infrastructure activity, ranking in the 32ndth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified four projects expected to affect this region: New Social Housing in Avoca, Millbank Wastewater Treatment Plant - Inlet Works, Bundaberg Social Housing Program, and New Bundaberg Hospital. Relevant details are listed below.

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.

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, with significant representation from essential services sectors. Its unemployment rate was 7.3% in the past year, with an estimated employment growth of 4.8%.

As of June 2025, there are 1,055 employed residents, with an unemployment rate of 3.4%, compared to Rest of Qld's 3.9%. Workforce participation is lower at 45.3% versus Qld's 59.1%. Key employment sectors include health care & social assistance, retail trade, and education & training. Health care & social assistance has a notable concentration with levels at 1.6 times the regional average, while public administration & safety shows lower representation at 2.6% compared to the regional average of 5.9%.

Limited local employment opportunities are indicated by Census working population vs resident population counts. Between June 2024 and June 2025, employment increased by 4.8%, labour force by 7.0%, raising unemployment by 1.9 percentage points. In contrast, Rest of Qld saw employment grow by 1.8%, labour force expand by 2.0%, and unemployment rise by 0.2 percentage points. Jobs and Skills Australia's national employment forecasts from Sep-22 project overall growth of 6.6% over five years and 13.7% over ten years, with varying rates across sectors. Applying these projections to Millbank's employment mix suggests local employment should increase by 6.7% over five years and 14.3% over ten years, assuming constant population projections.

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

AreaSearch's aggregation of the latest postcode level ATO data released for financial year 2022 shows Millbank had a median income among taxpayers of $38,159 with an average level of $47,152. This is lower than national averages and compares to levels of $50,780 and $64,844 across Rest of Qld respectively. Based on Wage Price Index growth since financial year 2022, current estimates would be approximately $43,497 (median) and $53,749 (average) as of September 2025. From the 2021 Census, household, family and personal incomes in Millbank all fall between the 3rd and 4th percentiles nationally. Income analysis reveals 29.6% of the population (767 individuals) fall within the $400 - 799 income range, contrasting with the region where the $1,500 - 2,999 bracket leads at 31.7%. Housing affordability pressures are severe, with only 83.1% of income remaining, ranking at the 4th percentile nationally.

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

Millbank's dwelling structure, as per the latest Census evaluation, consisted of 76.7% houses and 23.3% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Non-Metro Qld's 84.6% houses and 15.4% other dwellings. Home ownership in Millbank stood at 38.2%, with the rest of dwellings either mortgaged (24.6%) or rented (37.3%). The median monthly mortgage repayment was $1,188, below Non-Metro Qld's average of $1,300. The median weekly rent figure in Millbank was recorded at $270, compared to Non-Metro Qld's $285. Nationally, Millbank's mortgage repayments were significantly lower than the Australian average of $1,863, while 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 account for 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 make up 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, 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%. This presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most common at 10.0%, followed by postgraduate qualifications (2.7%) and graduate diplomas (1.4%). Vocational credentials are prominent, with 35.7% of residents aged 15+ holding them - advanced diplomas at 6.8% and certificates at 28.9%.

A total of 23.2% of the population is actively pursuing formal education, including 9.3% in primary education, 6.3% in secondary education, and 3.2% in tertiary education. Educational facilities seem to be located outside the immediate catchment boundaries, requiring families to access schools in neighboring areas.

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 five different routes that together offer 222 weekly passenger trips. The accessibility of these services is rated as good, with residents typically located 208 meters from the nearest stop.

On average, there are 31 trips per day across all routes, which amounts to 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, with various conditions affecting both younger and older residents. Private health cover is low, at approximately 46% (around 1,190 people), compared to 48.0% across the rest of Queensland and a national average of 55.3%. The most prevalent medical conditions are arthritis (13.2%) and mental health issues (9.2%).

Conversely, 53.3% of residents reported having no medical ailments, lower than the 59.1% in the rest of Queensland. Millbank has a higher proportion of seniors aged 65 and over at 32.4% (840 people), compared to 26.3% in the rest of Queensland. The health outcomes among seniors are broadly similar to those of 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. The predominant religion in Millbank is Christianity, comprising 54.4% of the population, similar to the regional figure of 54.0%. The top three ancestry groups are English (32.6%), Australian (29.7%), and Irish (7.9%).

Notably, German ancestry was overrepresented at 6.1%, compared to 6.4% regionally, while Australian Aboriginal ancestry was also higher at 3.9% versus 3.4%. Serbian ancestry showed a smaller divergence with 0.3% in Millbank versus 0.1% regionally.

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

Millbank's median age is 47 years, which exceeds Rest of Qld's median age of 41 and is considerably older than the national norm of 38 years. Compared to the Rest of Qld average, Millbank has a notably over-represented cohort of 65-74 year-olds (15.1% locally) while 35-44 year-olds are under-represented (9.4%). This concentration of 65-74 year-olds 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 74 people (45%) from 166 to 241. Notably, the combined 65+ age groups are projected to account for 66% of total population growth, reflecting Millbank's aging demographic profile. In contrast, population declines are projected for the 65-74 and 5-14 cohorts.