Greenbank
Greenbank logged 906 development applications in 12 months, a volume that signals rapid greenfield conversion across its 110.5 km2 footprint, one of the largest suburban land areas in this dataset. Population grew 23.3% over the past decade, with net internal migration averaging 1,066 arrivals per year, meaning domestic movers rather than overseas arrivals are the primary growth engine. Despite this expansion, university qualifications at 22.9% sit 7.2 percentage points below the national average, and SEIFA scores place it at decile 5 on both IRSAD and IRSD. The suburb is simultaneously growing fast and staying affordable at a $550,000 estimated median.
Population
9,587
Median Age
37.0
Household IncomeiMedian weekly household income (ABS Census)
$2,240/wk
DAs (12 months)iDevelopment Applications lodged in the past year
940
Median House
$550K
Estimated from rent (2025)
The $550,000 estimated median positions Greenbank as one of the more affordable family suburbs in southeast Queensland. Detached houses dominate at 98.6%, with 77.5% of dwellings having 4+ bedrooms, meaning buyers get substantial floor space. Mortgage-to-income at 20.8% is comfortably below stress levels. The 56.3% mortgage share is high, consistent with a suburb of recent purchasers still building equity. Three-bedroom homes at 17.6% are the minority, so downsizers will find limited stock. The 1.5% vacancy rate signals tight supply despite the massive 906-DA pipeline, though many approvals are still under construction.
For Buyers
The $550,000 estimated median positions Greenbank as one of the more affordable family suburbs in southeast Queensland. Detached houses dominate at 98.6%, with 77.5% of dwellings having 4+ bedrooms, meaning buyers get substantial floor space. Mortgage-to-income at 20.8% is comfortably below stress levels. The 56.3% mortgage share is high, consistent with a suburb of recent purchasers still building equity. Three-bedroom homes at 17.6% are the minority, so downsizers will find limited stock. The 1.5% vacancy rate signals tight supply despite the massive 906-DA pipeline, though many approvals are still under construction.
For Investors
The renter share at 15.4% is thin compared to the national average, limiting tenant pool depth. Weekly rent of $430 against an estimated $550,000 median produces a gross yield around 4.1%, above metro averages. Vacancy at 4.4% is slightly elevated. The 906 development applications in 12 months represent extraordinary pipeline activity that will add significant new supply. Net internal migration of 1,066 per year provides strong demand, but the gentrification score of 40 (active signals) suggests this remains a price-sensitive market where new supply can compress yields if it outpaces absorption.
Development Activity
Total DAs
1,170
Last 12 Months
940
YoY ChangeiYear-over-year change in DA lodgements
+1441.0%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Greenbank iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Greenbank State School
Prep-6 · 859 students
Everleigh State School
Prep-6 · 781 students
Demographics
English (3,757), Scottish (888) and Irish (807) ancestry dominate, with overseas-born at 24.4%, just 2.8 percentage points above the national average. University qualifications at 22.9% sit 7.2 points below national, the lowest in this batch relative to baseline. Average household size of 3.2 is 0.7 above the national 2.5, reflecting a family-heavy composition. Couples with children (3,778) significantly outnumber couples without (1,980). The median age of 37 is 3 years below national. Punjabi (81) and Mandarin (41) lead non-English languages, indicating early-stage subcontinental migration patterns.
Age Distribution
Bedrooms
Dwelling Structure
98.6%
Houses
1.1%
Townhouse
0.3%
Apartment
Tenure
Owner-occupiers total 84.6% (28.3% outright + 56.3% mortgage), one of the highest ownership rates in this batch. Renters at 15.4% are a small minority. The housing stock is remarkably homogeneous: 98.6% detached houses, 1.1% semi-detached, 0.3% apartments. Four-plus bedroom homes at 77.5% dominate, with three-bedroom at 17.6% and almost no compact dwellings. The estimated $550,000 median is affordable by southeast QLD standards. Turnover at 26.6% is moderate, consistent with the mix of established owners and new arrivals buying into the greenfield expansion.
Mortgage / mo
$2,015
Rent / wk
$430
HH Size
3.2
Personal Income / wk
$850
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
4.4%
Unoccupied
134
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
19.2%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
20.8%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
23.7%
Couples, no children
8,344
Total families
Economy & Employment
Healthcare leads at 16.1% (486 workers), followed by Construction at 14.7% (445), Education at 10.3%, Manufacturing at 8.3% and Retail at 7.4%. The 14.7% Construction share, nearly double the national average, reflects the suburb's own development boom. Clerical/Admin workers (749) narrowly lead Professionals (741) and Managers (630), a white-collar-but-not-professional profile. Unemployment at 4.8% is near the national average, while participation at 61.9% is moderate. The IEO decile 3 against IER decile 9 split is notable: modest educational outcomes paired with high economic resources, consistent with a trade-worker economy.
Unemployment
3.2%
Labour Force
6,133
Unemployed
199
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
68.7%
Part-time
26.5%
Participation
61.9%
Employed
4,457
Occupations
Top Industries
University
22.9%
Postgraduate
4.3%
Born Overseas
24.4%
Dwellings
2,888
Transport to Work
Car dependence is extreme at 91.9%, with public transport at just 2.1% and walking/cycling at 1.0%, consistent with the 110.5 km2 semi-rural layout. The suburb has 2 government primary schools: Greenbank State School (ICSEA 1,001, 859 students) and Everleigh State School (ICSEA 997, 781 students), both at or near the national benchmark of 1,000. The IRSAD and IRSD decile 5 readings place the suburb at the national midpoint. Rent-to-income at 19.2% and mortgage-to-income at 20.8% are both within comfortable ranges.
Drive
91.9%
Public Transport
2.1%
Walk / Cycle
1.0%
Work from Home
N/A
Population Forecast
+2.9%/yr
(+368 people/yr)
EstablishedPopulation growth averages 2.9% per year (368 persons), driven overwhelmingly by internal migration at 1,066 net arrivals annually, one of the strongest domestic inflow figures in this dataset. Overseas migration adds just 41 per year. The 10-year change of 23.3% reflects rapid greenfield conversion. The suburb's aging trajectory shows the senior share expanded 4.8 points while the working-age share contracted 3.6 points, suggesting original residents aging in place as new younger families arrive. Projections show growth from 10,996 in 2026 to 12,838 by 2031.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Internal Migration
Net Overseas / yr
+41
Net Internal / yr
+1,066
Gentrification Signal
Active
Net internal migration +1066/yr, Accelerating: 2% → 96%
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Greenbank compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Greenbank a good suburb to live in?
Greenbank suits families seeking affordable detached housing (98.6% houses, $550,000 estimated median) with space. The tradeoff is extreme car dependence (91.9% drive to work) and limited public transport. With 906 DAs in 12 months, the suburb is being actively built out, which means construction disruption but also new infrastructure.
What is the median house price in Greenbank?
The estimated median is $550,000 (derived from 2025 rental data), with weekly rent at $430 and monthly mortgage repayments of $2,015. The mortgage-to-income ratio is 20.8%, well below the 30% stress threshold. This positions Greenbank as an affordable entry point compared to inner Brisbane suburbs.
What schools are in Greenbank?
Greenbank has 2 government primary schools. Greenbank State School (ICSEA 1,001, 859 students) sits right at the national benchmark, and Everleigh State School (ICSEA 997, 781 students) is marginally below. No secondary school is within the suburb, requiring students to travel to neighbouring areas.
Is Greenbank safe?
Crime data is not available for Greenbank in the current dataset. The IRSAD decile 5 places it at the national midpoint. The 84.6% owner-occupier rate is high, a characteristic generally associated with lower crime. The 4.8% unemployment rate is close to the national average.
Is Greenbank good for property investment?
The estimated gross yield of 4.1% ($430/week on $550,000) is above metro averages, but the thin 15.4% renter share limits the tenant pool. The 906 DAs in 12 months signal massive supply additions that could compress yields. Internal migration at 1,066 per year provides demand, but absorption risk is real given the pipeline scale.
How is Greenbank's population changing?
Growth is rapid at 2.9% per year (368 people), driven by internal migration of 1,066 net arrivals annually, one of the strongest domestic inflows in this dataset. The 10-year population change of 23.3% reflects ongoing greenfield conversion. Projections show the population reaching 12,838 by 2031.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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