Biloela is a moderately sized suburb in Queensland within the Banana local government area (postcode 4715). With a population of 5,692, the suburb has a blend of families and working-age professionals with a median age of 36. Households earn a median income of $98K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 technicians & trades, labourers, machinery operators & drivers. Employment in the area leans toward mining and manufacturing. The top ancestries reported are Australian, English, Irish.
Biloela has a median house price of $315,000, which has risen solidly by 6.8% year-on-year. Units have a median price of $280,000 (-0.4% YoY). The current median weekly rent is $420. This gives a gross rental yield of approximately 6.9%. The median monthly mortgage repayment is $1,300.
Biloela is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 966, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Banana LGA is moderate at 4,914 incidents per 100,000 population.
On the investment side, Biloela shows a gross rental yield of approximately 6.9%, rated as high yield. Property prices sit below the state median ($315K/$1.1M), which can point to relative value. The price-to-income ratio of 3.2x is considered affordable. House prices have moved +6.8% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.