Banora Point, NSW 2486: Suburb Profile & Property Report

Market Report

House report
Unit Report

Banora Point has 266 houses available for sale. The median property price for a house is currently $1,050,000 with annual capital growth of 12.66% . There were 245 house sales in the past 12 months. On average, houses spend 23 days on market.

If you're thinking about buying an investment property in Banora Point, consider that rental yields for houses are currently 4.61% with an average median rent of $850 weekly. Houses have seen 4.74% growth in the past quarter, and 12.66% growth in the past 12 months.

The size of Banora Point is approximately 12.2 square kilometres. It has 21 parks covering nearly 7.8% of total area. The population of Banora Point in 2011 was 15,047 people. By 2016 the population was 16,173 showing a population growth of 7.5% in the area during that time. The predominant age group in Banora Point is 60-69 years.

Households in Banora Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Banora Point work in a trades occupation. In 2011, 74.4% of the homes in Banora Point were owner-occupied compared with 75.2% in 2016.

Banora Point has 114 units available for sale. The median property price for a unit is currently $725,000 with annual capital growth of 13.28% . There were 139 unit sales in the past 12 months. On average, units spend 20 days on market.

If you're thinking about buying an investment property in Banora Point, consider that rental yields for units are currently 5.08% with an average median rent of $700 weekly. Units have seen 4.32% growth in the past quarter, and 13.28% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$1,050,000	$725,000
Quarterly growth	+4.74%	+4.32%
12-month growth	+12.66%	+13.28%
Average annual growth	+11.04%	+11.27%
Weekly median rent	$850	$700
Gross rental yield	4.61%	5.08%
Number of Sales (12m)	245	139
Avg. Days on Market (12m)	23	20

Jump to Market Trends

Key Demographics	2011	2016
Total population	15,047	16,173
Population change (5y)	+2.49%	+7.50%
Median household income (p/w)	$910	$1,089
Household income change (5y)	+17.12%	+19.67%
Median age of persons	46	50

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Banora Point is $1,050,000 for houses and $725,000 for units.

The Median Growth in Banora Point over the past 12 months is 12.66% for houses and 13.28% for units.

Over the past 12 months there were 245 houses sold and 139 units sold in Banora Point. On average, houses spent 23 days on market and units spent 20 days on market.

In the past 12 months up to August 2024 there were 245 houses sold and 139 units sold in Banora Point. On average, houses spent 23 days on market and units spent 20 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Banora Point is $850 for houses and $700 for units.

The Rental Yield in Banora Point is 4.61% for houses and 5.08% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Banora Point was 16,173 in 2016, a +7.50% change compared to 2011.

The predominant age group in Banora Point is 60-69 years.

The population of Banora Point was 16,173 in 2016, a +7.50% change compared to 2011.

The predominant age group in Banora Point is 10-19 years.

Most of the population in Banora Point were born in Australia.

Most of the population in Banora Point report their religion as No Religion.

Most of the population in Banora Point report their religion as Anglican.

Most of the population in Banora Point report their income range as between $15,000 and $33,000 .

The median household income in Banora Point was $1,089 in 2016, a +19.67% change compared to 2011.

Most of the population in Banora Point report their income range as between $15,000 and $31,000 .

The median household income in Banora Point was $910 in 2011, a +17.12% change compared to 2006.

Most of the population in Banora Point work as Trades.

The chart below demonstrates the various levels of education in Banora Point.

Most of the population in Banora Point reached a qualification level of Certificate.

2011 2016

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This publication contains data and statistics provided by the Australian Bureau of Statistics, available at http://www.abs.gov.au/ and reproduced under Creative Commons Attribution 2.5 http://creativecommons.org/licenses/by/2.5/au/legalcode.

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While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

Contains property sales information provided under licence from the Valuer General New South Wales. RP Data Pty Ltd trading as CoreLogic Asia Pacific is authorised as a Property Sales Information provider by the Valuer General New South Wales.

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