Suburb Profile Report for Banora Point NSW (2486)

Banora Point House: Median price $622,500, Annual capital growth 2.88%, Number of sales 277, Weekly median advertised rent $560

Banora Point Unit: Median price $435,000, Annual capital growth 2.86%, Number of sales 145, Weekly median advertised rent $450

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property value increases in Banora Point have tracked close to the NSW average of 0.15% over the last 12 months.

Taking the average capital gain, or increase in median house value, Banora Point,2486 has racked up an average of -0.12% over the period. This ranks it number 1193th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Banora Point is $622500, with sellers offering an average of -5.31% off the asking price.

Situated 665.97km from the CBD, Banora Point is one of Tweed (A) localities in the postcode 2486.

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 4.82%.

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.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.01% offered to property buyers. Sellers in Banora Point itself are offering an average vendor discount of -4.73% to real estate investors.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$622,500 $435,000
0.40% 0.00%
-0.12% 4.82%
2.88% 2.86%
$560 $450
277 145
4.68% 5.38%
72.2537313432836 73.0824742268041

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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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