Millbank QLD 4670
Millbank is in Bundaberg LGA, QLD, postcode 4670, with population 2,499.
Strong evidence
Millbank has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Population growth. Missing or weaker areas are still shown so the page does not overstate precision.
Weekly rent screens at about 43% of annual income. Income and rent use area-level data, so household-level affordability can differ.
Open matching rent ranking →893 latest-year approvals in Bundaberg, +0.0% YoY; population +1.3% YoY (1.6% 5yr).
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QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
Release-based suburb price series, not a live market feed
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Income-stretched rent market
Weekly rent screens at about 43% of annual income. Snapshot rent $410/wk.
Income and rent use area-level data, so household-level affordability can differ.
Millbank has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Population growth. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Crime, Population growth
No fallback or lower-precision signals flagged.
Schools, Hospitals, Transport
Millbank currently reads as a growth-momentum candidate.
Entry price sits in the lower-cost range for a first-pass screen. Recent price movement shows visible market momentum. Missing evidence to verify: Schools, Transport.
Compare it against a contrasting suburb before turning it into a decision.
Entry price sits in the lower-cost range for a first-pass screen. Recent price movement shows visible market momentum.
No major caution is visible beyond the normal source checks.
Schools, Transport
Compare-ready
- Buyers want a quick sense of price, schools, and neighbourhood scale before getting lost in data.
- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
Millbank QLD
Millbank is a smaller suburb in Queensland within the Bundaberg local government area (postcode 4670). With a population of 2,499, the suburb has a mature demographic with a median age of 47. Households earn a median income of $52K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
The median house price in Millbank is $500,000, having surged 11.1% over the past year. Units have a median price of $378,000 (+7.9% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,188.
The crime rate in the Bundaberg LGA is moderate at 5,052 incidents per 100,000 population.
From an investment perspective, Millbank offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($500K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 9.6x is considered moderate. House prices have moved +11.1% year-on-year. Population growth of +1.3% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Millbank is a smaller suburb in Queensland within the Bundaberg local government area (postcode 4670). With a population of 2,499, the suburb has a mature demographic with a median age of 47. Households earn a median income of $52K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
The median house price in Millbank is $500,000, having surged 11.1% over the past year. Units have a median price of $378,000 (+7.9% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,188.
The crime rate in the Bundaberg LGA is moderate at 5,052 incidents per 100,000 population.
From an investment perspective, Millbank offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($500K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 9.6x is considered moderate. House prices have moved +11.1% year-on-year. Population growth of +1.3% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Millbank FAQ
Common questions-
What LGA is Millbank in?
Millbank is in the Bundaberg Local Government Area, QLD, postcode 4670. Council-level context for Bundaberg LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
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What is the median house price in Millbank?
The current median house price in Millbank, QLD is $500K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
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What is the typical weekly rent in Millbank?
The median weekly rent in Millbank is $410/wk, based on the current market rent dataset. The current rent signal is income-stretched rent market.
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What does the rent signal say about Millbank?
Income-stretched rent market: Weekly rent screens at about 43% of annual income. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
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Is Millbank a good investment?
QuickProperty's investment signals for Millbank show: Moderate Yield, Below Median, Moderate. These are computed from price, rent, income, and population data — not an opaque score.
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Where does QuickProperty get its data for Millbank?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
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How often is the Millbank data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.