Eriostemon australasius, commonly known as pink wax flower, occurs between Fraser Island and Nowra and is a shrub of heathlands and low open woodlands.

Eriostemon banksii is endemic to Cape York Peninsula and is a shrub or small tree occurring in heathland and rainforest margins.

[2][3] The genus Eriostemon was first formally described in 1798 by James Edward Smith but he did not nominate a type species.

[8][9][10] Pink wax flower is described as being a "very desirable" garden plant, however it is difficult to propagate and to maintain.

A semi-shaded position in well-drained soil is regarded as the conditions best suited to the species.