Burbank is a close-knit residential community in Queensland within the Brisbane local government area (postcode 4156). With a population of 1,051, the suburb has a settled, mature resident base with a median age of 48. Households earn a median income of $138K per year, with an average household size of 3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% 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, managers, technicians & trades. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Burbank has a median house price of $1.8 million, holding roughly steady year-on-year. The median weekly rent is $365 (Census 2021). This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $3,102.
Burbank is served by 1 school, including 1 primary. The average ICSEA score is 1118, which is well above the national average of 1,000. Public transport access includes 6 bus stops. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 1.1%, which reads as low yield. Property prices are above the state median ($1.8M/$1.1M), placing it in the premium segment. The price-to-income ratio of 13.1x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.