Average rent in Banana, QLD — 2026

Banana comes in cheaper than most of Queensland — the typical renter pays $200/week, around 44% below the state median of $359/week (ABS Census 2021). Most households here own (around 63% are owners or paying down a mortgage), and only 24% rent. The suburb is overwhelmingly separate houses (96%), with very little high-density stock. Population is around 8,817, median age 40, and the most common occupation category is Managers. 5% of residents were born overseas. At 416km from Brisbane, Banana typically sits outside the inner-ring rent pressure zone — but state rent indices since 2021 have moved a lot, so the live figure above is a better current guide than the Census baseline.