Suburb Profile Report for Banora Point NSW (2486)

Banora Point House: Median price $540,000, Annual capital growth 3.21%, Number of sales 308, Weekly median advertised rent $505

Banora Point Unit: Median price $370,000, Annual capital growth 3.05%, Number of sales 194, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Banora Point has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.22%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Banora Point has increased when compared to the 5 year average annual rate.

Banora Point, 2486 is offering NSW ‘s 944th 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.

Renters in Suburb are facing rents around $6060 per annum or $505 every week.

Property value increases in Banora Point have tracked just higher than the NSW average of 5.73% over the last 12 months.

Comparing Banora Point,2486 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Banora Point itself are offering an average vendor discount of -3.40% to real estate investors.

Renters in Suburb are facing rents around $4740 per annum or $395 every week.

Metrics i HOUSE UNIT
$540,000 $370,000
1.79% 1.37%
8.22% 10.45%
3.21% 3.05%
$505 $395
308 194
4.86% 5.55%
74.62 74.27

Source: CoreLogic

DSR Score for property investment : Very 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