Millbank (Qld)

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

As of May 2026, the estimated population of the suburb of Millbank (Qld) is around 2,614. This figure reflects a growth of 115 people since the 2021 Census, which reported a population of 2,499. The current population estimate is based on AreaSearch's validation of new addresses and examination of the latest ERP data release by the ABS in June 2025, resulting in an estimated resident population of 2,608. This population level equates to a density ratio of 764 persons per square kilometer. The primary driver for this growth was interstate migration, contributing approximately 82.0% of overall population gains.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022. For areas not covered by this data and years post-2032, Queensland State Government's SA2 area projections from 2023 based on 2021 data are adopted. However, these state projections do not provide age category splits, so AreaSearch applies proportional growth weightings in line with the ABS Greater Capital Region projections released in 2023 and based on 2022 data for each age cohort. Considering projected demographic shifts, lower quartile growth of non-metropolitan areas nationally is anticipated. By 2041, the suburb of Millbank (Qld) is expected to increase by 53 persons, reflecting an overall increase of 1.8% over the 16-year period based on aggregated SA2-level projections.

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 dwellings approved annually on average over the past five years. This totals 16 dwellings in that period. The low development levels reflect the rural nature of the area, where housing needs typically drive development rather than broad market demand.

It is important to note that the small sample size means individual projects can significantly influence annual growth statistics. Compared to Rest of Qld and national averages, Millbank has much lower development activity. All new construction in the area has been detached houses, maintaining its rural character and emphasis on space. Interestingly, 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 519 people, reflecting Millbank's quiet, low activity development environment. Future projections show Millbank adding 47 residents by 2041, according to 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 very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified four projects likely to impact the region. Key projects are New Social Housing in Avoca, Millbank Wastewater Treatment Plant - Inlet Works, Bundaberg Social Housing Program, and New Bundaberg Hospital. 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.

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

Millbank has a diverse workforce that includes both white and blue collar jobs. Essential services sectors are well-represented in the area. As of December 2025, the unemployment rate is 6.8%.

Over the past year, there has been an estimated employment growth of 7.1%, according to AreaSearch's aggregation of statistical area data. In Millbank, as of December 2025, 1,061 residents are employed while the unemployment rate stands at 9.5% (2.7% higher than Regional Qld's rate of 4.0%). The workforce participation rate is lower in Millbank at 51.6%, compared to Regional Qld's 64.5%. According to Census responses, only 2.4% of residents work from home.

The employment landscape in Millbank is dominated by health care & social assistance, retail trade, and education & training sectors. Notably, the concentration in health care & social assistance is high at 1.6 times the regional average. Conversely, public administration & safety has a lower representation at 2.6%, compared to Regional Qld's average of 5.9%. The area appears to offer limited local employment opportunities, as indicated by the ratio of Census working population to resident population. Over the year ending December 2025, Millbank saw an increase in employment (7.1%) and labour force (8.0%), leading to a rise in unemployment rate by 0.8 percentage points. This compares to Regional Qld's employment growth of 0.7%, labour force expansion of 1.0%, and unemployment rise of 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 project that national employment will expand by 6.6% over five years and 13.7% over ten years. 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, although these are simple weighting extrapolations for illustrative purposes and do not account for localised population projections.

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 a median taxpayer income of $38,159 and an average income of $47,152. These figures are lower than the national averages of $53,146 and $66,593 in Regional Queensland respectively. Based on Wage Price Index growth of 11.36% from financial year ended June 2023 to March 2026, estimated median income is approximately $42,494 and average income is $52,508. The 2021 Census shows Millbank's household, family, and personal incomes fall between the 3rd and 4th percentiles nationally. Income analysis reveals 29.6% of Millbank population (773 individuals) earn within the $400-$799 range, contrasting with Regional Queensland where the $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 the 4th percentile nationally.

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

Millbank's dwelling structure, as per the latest Census, consisted of 76.7% houses and 23.3% other dwellings (semi-detached, apartments, 'other' dwellings). This is similar to Regional Qld's distribution of 76.4% houses and 23.6% other dwellings. Home ownership in Millbank was higher at 38.2%, with the rest being mortgaged (24.6%) or rented (37.3%). The median monthly mortgage repayment was $1,188, lower than Regional Qld's average of $1,655. The median weekly rent in Millbank was $270, compared to Regional Qld's $345. Nationally, Millbank's mortgage repayments were significantly lower at $1,188 versus 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 account for 63.6% of all households, including 19.0% that are couples with children, 28.5% that are couples without children, and 15.1% that are 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, which is smaller than the Regional Queensland 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 Australia's average of 30.4%. This disparity presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most prevalent at 10.0%, followed by postgraduate qualifications (2.7%) and graduate diplomas (1.4%). Vocational credentials are also prominent, with 35.7% of residents aged 15+ holding them, including advanced diplomas (6.8%) and certificates (28.9%).

A substantial 23.2% of the population is actively engaged in formal education, with 9.3% in primary, 6.3% in secondary, and 3.2% in tertiary education.

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

Analysis of public transport in Millbank indicates 14 active transport stops operating within the area, all serving buses. These stops are served by 5 individual routes, collectively providing 222 weekly passenger trips. Transport accessibility is rated as good, with residents typically located 208 meters from the nearest transport stop. Most residents commute outward due to the primarily residential nature of the area. Car remains the dominant mode of transportation at 94%. Vehicle ownership averages 1.1 per dwelling, below the regional average.

According to the 2021 Census, a relatively low 2.4% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 31 trips per day across all routes, equating 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, as assessed by AreaSearch through mortality rates and chronic condition prevalence. Several health conditions affect both younger and older age groups. Private health cover is low at approximately 46% of Millbank's total population (around 1,199 people), compared to 52.5% in Regional Queensland and the national average of 55.7%.

The most prevalent medical conditions are arthritis and mental health issues, affecting 13.2% and 9.2% of residents respectively. However, 53.3% of residents report having no medical ailments, compared to 67.6% in Regional Queensland. Working-age populations face notable health challenges due to higher chronic condition rates. Millbank has 33.0% of its population aged 65 and over (862 people), which is higher than the 20.4% in Regional Queensland. Health outcomes among seniors present some challenges, with national rankings generally aligned with 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 had a cultural diversity 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 in Millbank, making up 54.4% of people, compared to 52.2% across Regional Qld. The top three ancestry groups were English (32.6%), Australian (29.7%), and Irish (7.9%).

Notably, German ethnicity was overrepresented at 6.1%, Australian Aboriginal at 3.9%, and Serbian at 0.3%.

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

Millbank's median age is 47 years, which is notably higher than Regional Queensland's median age of 41 years, and considerably older than the national norm of 38 years. Compared to the Regional Queensland average, Millbank has a notably over-represented 85+ cohort (6.6% locally) while the 35-44 year-olds are under-represented (9.3%). Between 2021 and present, the 25-34 age group has grown from 11.4% to 12.8% of Millbank's population, while the 5-14 cohort has declined from 10.6% to 10.0%. Demographic modeling suggests that by 2041, Millbank's age profile will evolve significantly. The 85+ age cohort is projected to expand notably, increasing by 76 people (44%) from 172 to 249. Notably, the combined 65+ age groups are projected to account for 72% of total population growth, reflecting Millbank's aging demographic profile. Conversely, population declines are projected for the 65-74 and 5-14 cohorts.