Suburb Profile Report for Banora Point NSW (2486)

Banora Point House: Median price $540,000, Annual capital growth 3.35%, Number of sales 302, Weekly median advertised rent $500

Banora Point Unit: Median price $368,500, Annual capital growth 2.91%, Number of sales 193, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 9.09% for the last 12 months, Banora Point, 2486 has performed for property investments than its average annual 3.35% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Banora Point has given property investors a paper return of 1.89%. This puts Suburb as 746 on a list of fastest fasting appreciating suburbs in NSW

Banora Point, 2486 is offering NSW ‘s 984th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.

Often selling an investment property can take time, and in Banora Point the average time real estate has been on the market is 71.33 days.

Banora Point is 239th on a list of best yielding suburbs for rents in NSW with a 4.81% return

Banora Point is in the TOP 30% in NSW when comparing median price capital growth over the last year. Banora Point gave property investors a good capital gain figure when compared to the rest of the state, with 10.00%.

When looking at the potential capital gains offered to property investors over the last 3 years, Banora Point comes in at number 363th in NSW.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.42% offered to property buyers. Sellers in Banora Point itself are offering an average vendor discount of -3.47% to real estate investors.

Advertised rents are around the $390 mark per week – giving a return of 5.50% based on the median price in Suburb

HOUSE UNIT
$540,000 $368,500
1.89% 2.36%
9.09% 10.00%
3.35% 2.91%
$500 $390
302 193
4.81% 5.50%
71.33 72.35

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 15047
Median household income ($/weekly) 902
Median age of persons 47
Median housing loan repayment ($/monthly) 1894
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1734 11.5
    35-44 years 1703 11.3
    45-54 years 1912 12.7
    55-64 years 1876 12.5
    65-74 years 1876 12.5
    Others 5946 39.5
    Age Group
    Census Count Percent(%)
    Registered Married 6018 52.4
    Not Married 4545 39.6
    Defacto Relationship 919 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 12128 84.0
    Greece 68 0.5
    Papua New Guinea 449 3.1
    United Kingdom 1018 7.1
    Other 195 1.4
    Others 577 4.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 110 0.8
    Christianity 11202 79.8
    Hinduism 29 0.2
    Other Religious Groups 54 0.4
    No Religion 2602 18.5
    Others 34 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 847 15.8
    $600-$799 684 12.8
    $800-$999 588 11.0
    $1,000-$1,249 529 9.9
    $1,500-$1,999 573 10.7
    Others 2128 39.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 5664 47.3
    Employed, worked full-time 3112 26.0
    Employed, worked part-time 2365 19.7
    Unemployed, looking for work 454 3.8
    Employed, away from work 384 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 803 13.7
    Technicians & trades workers 884 15.1
    Community & personal service workers 824 14.1
    Clerical & administrative workers 849 14.5
    Sales 860 14.7
    Others 1639 28.0
    Occupation
    Census Count Percent(%)
    Pre-school 206 6.7
    Infants/Primary 1092 35.8
    Secondary 1027 33.7
    Technical or Further Educational Institution 330 10.8
    University or other Tertiary Institutions 324 10.6
    Others 73 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10877 76.1
    Semi-detached, row or terrace house, townhouse 2904 20.3
    Flat, unit or apartment 518 3.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2562 44.3
    Being purchased 1878 32.5
    Rented 1235 21.4
    Other tenure type 108 1.9
    Tenure Type
Census 2011, ABS
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