Raceview

An assessment of population growth drivers in Raceview reveals an overall ranking slightly below national averages considering recent, and medium term trends

Analysis of ABS population updates for the wider region, alongside new address data validated by AreaSearch since the Census, indicates the population of the suburb of Raceview is approximately 10,782 as of May 2026. This represents a gain of 1,083 individuals (11.2%) from the 2021 Census, which recorded 9,699 residents. This shift is calculated from a resident population of 10,744 estimated by AreaSearch using the ABS ERP release from June 2025, combined with an extra 341 validated new addresses since the Census. Such a population size results in a density of 1,824 persons per square kilometer, which exceeds the typical average across the country. The 11.2% growth rate in the suburb of Raceview since the 2021 census outperformed the national average (9.3%) and the state level, placing the suburb as a regional growth leader. The primary driver of this growth was interstate migration, which accounted for approximately 49.0% of the overall population gains, with overseas migration and natural growth also contributing positively.

AreaSearch incorporates projections from the ABS and Geoscience Australia for each SA2 region, which were published in 2024 with 2022 as the baseline year. For SA2 regions lacking this information, or for any projections beyond 2032, figures from the Queensland State Government released in 2023 and based on 2021 data are used. Because the state projections do not include age group breakdowns, AreaSearch allocates growth weightings across age cohorts using the ABS Greater Capital Region projections published in 2023 with a 2022 baseline. Based on these demographic forecasts, the suburb of Raceview is projected to experience population expansion slightly below the national median, adding 646 residents by 2041 according to combined SA2 projections, which represents a total increase of 5.6% over the 16 years.

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

Based on AreaSearch analysis of ABS building approvals allocated from statistical areas, Raceview has averaged approximately 66 annual dwelling approvals, accumulating to an estimated 332 homes over the last 5 financial years. Thus far in FY-26, 69 approvals have been recorded. New home construction is averaging a value of $440,000, signaling a developer focus on high-end, premium properties, while a ratio of 2.6 people moving to the area per new home built between FY-21 and FY-25 suggests healthy demand to support real estate values. Furthermore, commercial approvals have reached $10.0 million this financial year, indicating a moderate level of business development.

Raceview registers approximately 56% of the building activity per person found in Greater Brisbane, ranking it in the 81st percentile of all areas evaluated across the nation. The split for new developments is 25.0% detached houses and 75.0% attached dwellings. This orientation toward higher-density options offers affordable entry points for first-time buyers, investors, and downsizers. This is a clear shift from the existing housing stock, which is 82.0% houses, showing a decrease in available development sites along with changing lifestyle preferences and a demand for more varied, affordable housing. With approximately 137 people per approval, the area shows the traits of a developing locality.

Projections indicate that Raceview will add 608 residents by 2041, based on the latest quarterly estimate from AreaSearch. Current rates of construction suggest that new housing supply will easily accommodate this demand, creating favorable conditions for purchasers and potentially driving growth past current population projections.

Raceview has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Local infrastructure projects, major developments, and urban planning decisions are key drivers of regional performance. AreaSearch has identified 14 projects likely to influence the area. Key developments include Monterea Land Holdings Monterea Estate, Raceview Rise, Scenic Views Estate Brassall, and the Cross Street Kerb and Channel Rehabilitation, with details provided for the most significant works.

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.

The employment landscape in Raceview shows performance that lags behind national averages across key labour market indicators

The local workforce exhibits a balanced mix of white and blue collar jobs, with a solid footprint in essential services, an unemployment rate of 5.3%, and an estimated job growth rate of 12.2% over the last year according to aggregated statistical area data from AreaSearch. As of March 2026, there are 5,260 employed residents, though the local unemployment rate sits 0.9% above the 4.3% rate of Greater Brisbane, and the participation rate of 65.2% is considerably lower than the 70.4% recorded in Greater Brisbane. Census data reveals that a low 8.8% of residents worked from home, though this figure should be viewed in light of COVID-19 pandemic restrictions.

The primary employment fields for local residents are health care & social assistance, retail trade, and manufacturing. The local workforce is highly specialized in manufacturing, employing residents at 1.5 times the regional rate. Conversely, professional & technical services have a minimal footprint, accounting for just 3.4% of jobs compared to 8.9% across the region. The comparison between the Census working population and resident population suggests this mostly residential area offers limited local employment opportunities.

AreaSearch analysis of SALM and ABS data for the broader statistical area shows employment expanded by 12.2% and the labor force grew by 10.6% over the 12-month period, resulting in a 1.4 percentage point reduction in the unemployment rate. In contrast, Greater Brisbane experienced employment growth of 3.2%, labor force growth of 3.4%, and a 0.1 percentage point increase in unemployment. Future local demand patterns can be explored through Jobs and Skills Australia's national employment forecasts from May-25. These five and ten-year projections have been applied to the local job profile to estimate potential growth. While national employment is projected to grow by 6.6% over five years and 13.7% over ten years, the rates vary widely by industry. Weighting these projections against the employment structure of the area indicates local jobs could grow by 6.2% over five years and 13.3% over ten years, representing a basic weighting extrapolation for illustration rather than a localized population forecast.

Income levels sit below national averages according to AreaSearch assessment

According to the latest ATO data aggregated by AreaSearch for financial year 2023, personal income levels in the area are below the national average. The median income for taxpayers is $52,283 and the average income is $58,338, compared to Greater Brisbane averages of $58,236 and $72,799 respectively. Adjusted for Wage Price Index growth of 11.36% since financial year 2023, estimates for March 2026 stand at approximately $58,222 for the median and $64,965 for the average. Census 2021 data indicates that household, family, and personal incomes all place modestly between the 31st and 34th percentiles. The figures show 35.8% of the population, or 3,859 individuals, fall into the $1,500 - 2,999 income bracket, which is similar to the regional rate of 33.3%. Housing affordability represents a major challenge, leaving residents with only 83.5% of their income, which ranks in the 30th percentile.

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

The Census data indicates the local dwelling composition consists of 82.4% houses and 17.6% alternative dwellings like apartments and semi-detached homes, compared to 73.5% houses and 26.5% other dwellings in the Brisbane metro area. The home ownership rate is slightly below the Brisbane metro average at 24.8%, with 34.1% of homes mortgaged and 41.1% rented. Monthly mortgage costs are lower than the Brisbane metro average, with a median of $1,349, while the median weekly rent is $315, compared to metro figures of $1,863 and $380 respectively. At a national level, mortgage repayments are lower than the Australian average of $1,863, and rents are below the national median of $375.

Raceview has a typical household mix, with a fairly typical median household size

Families make up 70.1% of households, consisting of 29.6% couples with children, 23.3% couples without children, and 16.0% single parent families. Non-family living arrangements account for the remaining 29.9% of households, with lone person households representing 26.9% and group households making up 3.0%. The median household size of 2.6 people is identical to the Greater Brisbane average.

Educational outcomes in Raceview fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment

Educational attainment in the area presents challenges, as university qualification rates of 11.9% are much lower than the Greater Brisbane average of 30.5%. This situation highlights a clear opportunity for targeted educational programs. Bachelor degrees are the most common higher education qualification at 8.8%, followed by postgraduate degrees at 1.6% and graduate diplomas at 1.5%. Vocational and technical credentials are very common, with 42.0% of residents aged 15+ holding qualifications, consisting of advanced diplomas (9.9%) and certificates (32.1%).

Formal education participation is high, with 30.0% of the population currently enrolled in study. This includes 12.0% of residents in primary school, 9.2% in high school, and 3.0% enrolled in tertiary institutions.

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

Public transport services in the area include 30 active bus stops. These stops are served by 2 distinct routes, which generate 252 passenger trips each week. Transport access is rated as good, with residents living an average of 284 meters from their nearest stop. Given the residential nature of the suburb, most workers commute outside the area, and private vehicles remain the dominant mode of travel at 92%. Dwellings have an average of 1.4 vehicles. A low 8.8% of residents worked from home according to the 2021 Census, which may have been influenced by pandemic conditions.

Services average 36 daily trips across all routes, which translates to approximately 8 weekly trips for each stop.

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

AreaSearch evaluations of mortality rates and chronic disease prevalence highlight significant health issues in the area, affecting both younger and older cohorts, while the proportion of residents with private health insurance is low at approximately 50% of the population, representing about 5,425 people. This is lower than the Greater Brisbane average of 55.8% and the national benchmark of 55.7%.

Mental health conditions and asthma are the most common medical diagnoses, affecting 11.2 and 10.3% of the population respectively, while 60.9% of residents reported having no long-term health conditions, compared to 69.2% in Greater Brisbane. The working-age cohort faces notable challenges due to elevated rates of chronic illness. Residents aged 65 and over make up 18.6% of the population (2,005 people), which is higher than the Greater Brisbane figure of 15.1%. Health outcomes for seniors present challenges, with national rankings aligning closely with general population trends.

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

The area shows lower levels of cultural diversity than average, with citizens making up 89.8% of the population, 86.8% of residents born in Australia, and 93.2% speaking only English at home. Christianity is the dominant religion, practiced by 51.4% of the population, compared to 47.8% across Greater Brisbane.

Looking at parent countries of birth, the top three ancestries are Australian at 30.4% of the population, which is higher than the regional average of 23.2%, English at 29.5%, and German at 6.9%. Differences exist in other ethnic groups, with Samoans overrepresented at 1.3% compared to 0.9% regionally, New Zealand ancestry at 1.0% compared to 1.0% regionally, and Maori at 1.0% compared to 1.1% regionally.

Raceview's population is younger than the national pattern

The median age of 35 years is close to the Greater Brisbane average of 36 years, and younger than the national median of 38 years. Compared to Greater Brisbane, there is a higher share of residents aged 75 - 84 (7.0%) but a smaller proportion aged 25 - 34 (13.6%). The 75 to 84 age bracket expanded from 5.9% to 7.0% of the population since the 2021 Census, while the 5 to 14 age bracket decreased from 15.6% to 14.2%. Projections for 2041 indicate significant aging, with the 75 to 84 group forecast to grow by 55%, adding 417 people to reach 1,172. Residents aged 65 and over are expected to account for 80% of total population growth, while declines are projected for the 15 to 24 and 0 to 4 age cohorts.