Banana · Statistical Area 2 (SA2)

Economy & Advantage in Banana

How well-off the area is, how fast its population is growing, and the businesses and new homes here.

A steady 4.5% increase in population since 2021 marks the recent growth in Banana. While the area supports a high number of businesses, it generally faces more challenges with education and job skills than many similar regions.

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📍 Banana, Statistical Area 2 (SA2)

Where Banana sits — Socio-economic advantage (IRSAD decile)

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All statistical area 2 (sa2) areas, 2021. The marker is Banana — lower than 64% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Banana4
4719, QLD 5

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

The area has a typical advantage score of 961, which is smaller than about 64% of similar areas. While access to money and resources is higher than 60% of these areas, education and job skills rank much lower, being smaller than about 70% of peers.

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Lower than 64% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Advantage and Disadvantage, 2021, as a national decile: 1 = among the 10% most disadvantaged areas in Australia, 10 = among the 10% most advantaged. IRSAD summarises both advantage and disadvantage, so a high score reflects relatively many high-income, well-educated households and few low-income, low-skill ones.

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Lower than 57% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Disadvantage, 2021, as a national decile: 1 = among the 10% most disadvantaged areas in Australia, 10 = among the least disadvantaged. IRSD focuses on disadvantage alone (low income, low education, unemployment, unskilled occupations), so a higher decile means relatively less disadvantage.

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Higher than 57% of statistical area 2 (sa2) areas.

ABS Index of Economic Resources, 2021, as a national decile: 1 = among the 10% lowest areas for economic resources in Australia, 10 = among the highest. IER reflects the income, housing costs, dwelling size and assets of households, so a higher decile means relatively greater economic resources.

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Lower than 71% of statistical area 2 (sa2) areas.

ABS Index of Education and Occupation, 2021, as a national decile: 1 = among the 10% lowest areas for education and occupation in Australia, 10 = among the highest. IEO reflects residents' qualifications and the skill level of their jobs, so a higher decile means a more highly educated and skilled workforce.

961

Lower than 65% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Advantage and Disadvantage, 2021, as a raw index score (standardised so the Australian average is about 1000). Higher scores indicate relatively greater advantage; lower scores greater disadvantage.

Population growth

Annual population estimates and change since the census.

Banana's population has grown by 4.5% since 2021. This is around the middle for its level, though it is well below the Queensland growth rate of 8.7%.

Business & building

Operating businesses and dwellings approved.

With 2,099 businesses, this region is larger than about 89% of similar areas.

2,099

Higher than 86% of statistical area 2 (sa2) areas.

Operating businesses (ABS Counts of Australian Businesses), June 2025.

Sources

  • Socio-Economic Indexes for Areas (SEIFA) — Australian Bureau of Statistics, 2021 (CC BY 4.0).
  • Regional Population (Estimated Resident Population) — Australian Bureau of Statistics, 2024 (CC BY 4.0).
  • Counts of Australian Businesses & Building Approvals — Australian Bureau of Statistics, 2025 (CC BY 4.0).

More for Banana

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Banana [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/308041528/banana/topic/economy-advantage