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.