Banora Point
Statistical Area - sa2

An assessment of population growth drivers in Banora Point reveals an overall ranking slightly below national averages considering recent, and medium term trends

Banora Point's population, as of August 2025, is approximately 16,680. This figure represents an increase of 360 people since the 2021 Census, which recorded a population of 16,320. The growth is inferred from ABS estimates; Banora Point had an estimated resident population of 16,611 in June 2024 and 29 new addresses were validated after the Census date. The population density is around 1,766 persons per square kilometer, exceeding the national average according to AreaSearch assessments. Banora Point's growth rate of 2.2% since the census is within one percentage point of its SA4 region (3.2%), indicating strong growth fundamentals. Interstate migration accounted for approximately 62.2% of recent population gains in the area.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch employs NSW State Government's SA2 level projections, released in 2022 using the 2021 Census as the base year. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. Based on projected demographic shifts, Banora Point is expected to expand by 782 persons to 2041, reflecting a total increase of 4.3% over the 17-year period.

Residential development activity is lower than average in Banora Point according to AreaSearch's national comparison of local real estate markets

Banora Point has recorded approximately 23 residential properties granted approval annually. Development approval data is produced by the ABS on a financial year basis, with 118 dwellings approved between FY-21 and FY-25, including 1 approval so far in FY-26. On average, 4 new residents arrive per dwelling constructed over these years. This demand significantly exceeds new supply, leading to price growth and increased buyer competition.

The average construction value of new dwellings is $709,000, indicating a focus on the premium segment with upmarket properties. In FY-26, there have been $1.1 million in commercial approvals, suggesting minimal commercial development activity. Compared to Rest of NSW, Banora Point shows substantially reduced construction, being 53.0% below the regional average per person. This constrained new construction usually reinforces demand and pricing for existing homes. The level is also lower than nationally, reflecting market maturity and possible development constraints.

New development consists of 81.0% detached dwellings and 19.0% townhouses or apartments, preserving the area's suburban nature with an emphasis on detached housing attracting space-seeking buyers. Notably, developers are constructing more detached housing than the existing pattern implies (63.0% at Census), reflecting persistent strong demand for family homes. With around 1183 people per dwelling approval, Banora Point reflects a highly mature market. Population forecasts indicate Banora Point will gain 710 residents through to 2041. Current development appears well-matched to future needs, supporting steady market conditions without extreme price pressure.

Banora Point has moderate levels of nearby infrastructure activity, ranking in the 46thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified 11 projects likely influencing the region. Notable ones are East at Banora Estate, Altitude Aspire Residential Estate, Club Banora Master Plan Redevelopment, and Rise at Terranora Development. The following list details those most relevant.

Professional plan users can use the search below to filter and access additional projects.

Employment performance in Banora Point exceeds national averages across key labour market indicators

Banora Point, as of June 2025, has an unemployment rate of 2.2%, with 7,115 residents employed. This is 1.5% lower than the Rest of NSW's rate of 3.7%.

Workforce participation is 52.4%, compared to 56.4% in the Rest of NSW. The dominant employment sectors are health care & social assistance, retail trade, and construction. Retail trade has a particularly strong presence, with an employment share 1.4 times the regional level. Agriculture, forestry & fishing has limited presence at 0.7%, compared to 5.3% regionally.

Over the preceding 12 months, labour force decreased by 4.8% and employment declined by 4.3%, leading to a fall in unemployment rate of 0.5 percentage points. In contrast, the Rest of NSW saw employment fall by 0.1%, labour force expand by 0.3%, and unemployment rise by 0.4 percentage points. State-level data from Sep-25 shows NSW employment contracted by 0.41% (losing 19,270 jobs), with the state unemployment rate at 4.3%. National forecasts from May 2025 project employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Banora Point's employment mix suggests local growth of approximately 6.8%% over five years and 14.0% over ten years.

Income figures position the area below 75% of locations analysed nationally by AreaSearch

According to AreaSearch's aggregation of the latest postcode level ATO data released for financial year ended June 2022, Banora Point had a median income among taxpayers of $47,606 and an average income of $59,206. Both figures are lower than national averages which stood at $49,459 and $62,998 respectively for Rest of NSW. Based on Wage Price Index growth of 10.6% since financial year ended June 2022, current estimates suggest median income would be approximately $52,652 and average income around $65,482 by March 2025. From the Census conducted in August 2021, household incomes in Banora Point fell between the 18th and 21st percentiles nationally. The earnings profile showed that the largest segment comprised 29.0% earning between $1,500 to $2,999 weekly, with a total of 4,837 residents falling within this range. This pattern is similar to surrounding regions where approximately 29.9% of residents earn within this income bracket. Housing affordability pressures are severe in Banora Point, with only 81.9% of income remaining after housing costs, ranking at the 20th percentile nationally. The area's SEIFA income ranking places it within the 4th decile.

Banora Point displays a diverse mix of dwelling types, with above-average rates of outright home ownership

Banora Point's dwelling structure, as per the latest Census, consists of 63.2% houses and 36.8% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Non-Metro NSW's 66.3% houses and 33.8% other dwellings. Home ownership in Banora Point stands at 45.8%, with the rest either mortgaged (34.3%) or rented (19.8%). The median monthly mortgage repayment is $1,900, exceeding Non-Metro NSW's average of $1,872. Median weekly rent in Banora Point is $440, higher than Non-Metro NSW's figure of $400. Nationally, Banora Point's mortgage repayments are above the Australian average of $1,863, and rents are substantially higher at $440 compared to the national figure of $375.

Banora Point has a typical household mix, with a fairly typical median household size

Family households constitute 70.7% of all households, including 25.6% couples with children, 30.7% couples without children, and 13.1% single parent families. Non-family households comprise the remaining 29.3%, with lone person households at 26.7% and group households making up 2.7% of the total. The median household size is 2.4 people, which aligns with the average for the Rest of NSW.

Banora Point shows below-average educational performance compared to national benchmarks, though pockets of achievement exist

The area has university qualification rates of 16.7%, significantly lower than the NSW average of 32.2%. This presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most common at 12.0%, followed by postgraduate qualifications (2.7%) and graduate diplomas (2.0%). Trade and technical skills are prominent, with 40.9% of residents aged 15+ holding vocational credentials – advanced diplomas (11.8%) and certificates (29.1%).

Educational participation is high, with 25.3% of residents currently enrolled in formal education, including 8.8% in primary, 7.7% in secondary, and 3.6% in tertiary education. The five schools in Banora Point have a combined enrollment of 2,583 students, serving typical Australian school conditions (ICSEA: 1009) with balanced educational opportunities. Education provision is balanced with three primary and two secondary schools serving distinct age groups.

Transport servicing is moderate compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Banora Point has 117 active public transport stops operating within its boundaries. These stops serve a mix of bus routes, with a total of 61 individual routes in operation. Collectively, these routes facilitate 1,085 weekly passenger trips.

The accessibility of transport in Banora Point is rated as excellent, with residents typically located just 147 meters from the nearest transport stop. On average, service frequency across all routes is 155 trips per day, which equates to approximately nine weekly trips per individual stop.

Health performance in Banora Point is well below average with prevalence of common health conditions notable across both younger and older age cohorts

Banora Point faces significant health challenges with high prevalence of common conditions across both younger and older age groups. Approximately 49% (~8,189 people) have private health cover, lower than the national average of 55.3%.

The most prevalent conditions are arthritis (affecting 11.8% of residents) and mental health issues (8.4%). Conversely, 61.1% claim to be free from medical ailments compared to 64.2% in Rest of NSW. Residents aged 65 and over comprise 27.2% (4,530 people), higher than the 26.1% in Rest of NSW. Despite this, health outcomes among seniors are notably better than those of the general population.

Banora Point ranks below the Australian average when compared to other local markets across a number of language and cultural background related metrics

Banora Point has a low cultural diversity with 84.2% of its population born in Australia, 91.3% being citizens, and 95.3% speaking English only at home. Christianity is the predominant religion in Banora Point, comprising 57.4% of the population, compared to 51.3% across Rest of NSW. The top three ancestry groups are English (32.8%), Australian (27.7%), and Irish (9.5%).

Some ethnic groups show notable differences: Scottish is proportionally equal at 8.7%, New Zealand is slightly higher at 0.8%, and Australian Aboriginal is marginally higher at 3.5%.

Banora Point hosts an older demographic, ranking in the top quartile nationwide

Banora Point's median age is 47 years, which is significantly higher than Rest of NSW's average of 43 years and substantially exceeds the national average of 38 years. The age profile shows that individuals aged 85+ make up 5.0% of the population, a figure notably higher than in Rest of NSW. Conversely, the 25-34 age group comprises only 9.3%, which is comparatively smaller than the Rest of NSW average. Between January 2021 and present, the 35-44 age group has increased from 10.1% to 11.7% of the population, while the 0-4 cohort has risen from 4.6% to 5.7%. Conversely, the 55-64 cohort has decreased from 12.6% to 11.0%, and the 65-74 group has dropped from 13.7% to 12.2%. By 2041, Banora Point's population is projected to experience significant shifts in age composition. Notably, the 85+ group is expected to grow by 40%, increasing from 827 to 1,157 people. Meanwhile, the 75-84 and 15-24 age groups are anticipated to decrease in population size.