Suburb Profile Report for Banora Point NSW (2486)

Banora Point House: Median price $570,000, Annual capital growth 3.27%, Number of sales 319, Weekly median advertised rent $530

Banora Point Unit: Median price $390,000, Annual capital growth 3.00%, Number of sales 181, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Banora Point, 2486 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 8.57%.

Across a shorter period, Banora Point, 2486 has seen a median price increase of 1.79% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Banora Point is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 926th in terms of most discounted suburbs in NSW

The NSW suburb of Banora Point, 2486 is in the Tweed local government area.

If you compare the increase in value of investment property in Banora Point, 2486 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 8.71%.

Across a shorter period, Banora Point, 2486 has seen a median price increase of 1.30% over the last quarter.

Sellers are offering property buyers an average discount of -3.06% to buyers in Banora Point at the moment, which is less than average for the rest of NSW.

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 3.00%, investors should hope to achieve an overall return of 5.60%

Metrics i HOUSE UNIT
$570,000 $390,000
1.79% 1.30%
8.57% 8.71%
3.27% 3.00%
$530 $420
319 181
4.84% 5.60%
63.56 52.53

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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Recent sales & rentals