Banora Point

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

Based on AreaSearch's analysis, Banora Point's population is around 16,861 as of Feb 2026. This reflects an increase of 541 people (3.3%) since the 2021 Census, which reported a population of 16,320 people. The change is inferred from the estimated resident population of 16,608 from the ABS as of June 2024 and an additional 30 validated new addresses since the Census date. This population level equates to a density ratio of 1,786 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. Banora Point's 3.3% growth since the census positions it within 0.8 percentage points of the SA4 region (4.1%), demonstrating competitive growth fundamentals. Population growth for the area was primarily driven by interstate migration, which contributed approximately 62.2% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the NSW State Government's SA2 level projections, as released in 2022 with 2021 as the base year. Growth rates by age group from these aggregations are also applied to all areas for years 2032 to 2041. Considering the projected demographic shifts, lower quartile growth of national regional areas is anticipated, with the area expected to expand by 782 persons by 2041 based on the latest annual ERP population numbers, reflecting an increase of 3.1% in total over the 17 years.

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 around 23 residential properties granted approval annually, totalling 118 homes over the past 5 financial years. So far in FY-26, 8 approvals have been recorded. Given an average of 4 new residents per year arriving per dwelling constructed over the past 5 financial years (between FY-21 and FY-25), demand significantly exceeds new supply, which usually results in price growth and increased buyer competition, while new dwellings are developed at an average value of $326,000. There have also been $1.1 million in commercial approvals this financial year, suggesting a predominantly residential focus.

Relative to the Rest of NSW, Banora Point has significantly less development activity (53.0% below regional average per person). This limited new supply generally supports stronger demand and values for established properties. This activity is similarly below the national average, indicating the area's established nature and suggesting potential planning limitations. Recent construction comprises 81.0% detached houses and 19.0% medium and high-density housing, maintaining the area's traditional suburban character with a focus on family homes appealing to those seeking space. Notably, developers are constructing more detached housing than the existing pattern implies (63.0% at Census), reflecting persistent strong demand for family homes amid densification trends. The location has approximately 1183 people per dwelling approval, demonstrating an established market.

Population forecasts indicate Banora Point will gain 529 residents through to 2041 (from the latest AreaSearch quarterly estimate). Based on current development patterns, new housing supply should readily meet demand, offering good conditions for buyers and potentially facilitating population growth beyond current projections.

Banora Point has strong levels of nearby infrastructure activity, ranking in the top 30% nationally

Nothing can influence an area's performance as much as changes to local infrastructure, major projects, and planning initiatives. In total, 10 projects have been identified by AreaSearch that are likely to have an impact on the area. Key projects include Altitude Aspire Residential Estate, Club Banora Master Plan Redevelopment, Rise at Terranora Development, and Pacific Highway Banora Point Upgrade, with the list below detailing those likely to be of most relevance.

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

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

AreaSearch analysis places Banora Point well above average for employment performance across multiple indicators

Banora Point possesses a balanced workforce spanning white and blue collar employment, with essential services sectors well represented, an unemployment rate of just 2.4%, and relative employment stability over the past year. As of December 2025, 7,340 residents are in work while the unemployment rate is 1.5% below Regional NSW's rate of 3.9%, and workforce participation lags significantly (54.9% compared to Regional NSW's 61.3%). Based on Census responses, a low 12.7% of residents were found to work from home, though Covid-19 lockdown impacts should be considered.

The dominant employment sectors among residents include health care & social assistance, retail trade, and construction. The area has particular employment specialization in retail trade, with an employment share of 1.4 times the regional level. In contrast, agriculture, forestry & fishing employs just 0.7% of local workers, below Regional NSW's 5.3%. The predominantly residential area appears to offer limited employment opportunities locally, as indicated by the count of Census working population vs resident population.

Based on AreaSearch analysis of SALM and ABS data, over the 12 months to December 2025, labour force levels decreased by 0.3% combined with employment decreasing by 0.1%, resulting in the unemployment rate falling by 0.2 percentage points. In contrast, Regional NSW experienced an employment decline of 1.2% and labour force decline of 0.8%, with a 0.4 percentage point rise. Jobs and Skills Australia's national employment forecasts from May-25 can offer further insight into potential future demand within Banora Point. These projections, covering five and ten-year periods, have been mapped against the local employment profile to estimate growth patterns. While national employment is forecast to expand by 6.6% over five years and 13.7% over ten years, growth rates differ significantly between industry sectors. Applying these industry-specific projections to Banora Point's employment mix suggests local employment should increase by 6.8% over five years and 14.0% over ten years (please note this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections).

Income levels sit below national averages according to AreaSearch assessment

The Banora Point SA2 shows a median taxpayer income of $51,302 and an average of $63,511 according to the latest postcode level ATO data aggregated by AreaSearch for FY-23. This is below the national average, contrasting with Regional NSW's median income of $52,390 and average income of $65,215. Based on Wage Price Index growth of 8.86% since FY-23, current estimates would be approximately $55,847 (median) and $69,138 (average) as of September 2025. According to 2021 Census figures, household, family and personal incomes in Banora Point all fall between the 18th and 21st percentiles nationally. Distribution data shows the largest segment comprises 29.0% earning $1,500 - 2,999 weekly (4,889 residents), reflecting patterns seen in the surrounding region where 29.9% similarly occupy this range. Housing affordability pressures are severe, with only 81.9% of income remaining, ranking at the 19th percentile.

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

Dwelling structure within Banora Point, as evaluated at the latest Census, comprised 63.2% houses and 36.8% other dwellings (semi-detached, apartments, 'other' dwellings), in comparison to Regional NSW's 82.6% houses and 17.4% other dwellings. Meanwhile, the level of home ownership within Banora Point was well beyond that of Regional NSW, at 45.8%, with the remainder of dwellings either mortgaged (34.3%) or rented (19.8%). The median monthly mortgage repayment in the area was above the Regional NSW average at $1,900, while the median weekly rent figure was recorded at $440, compared to Regional NSW's $1,733 and $330. Nationally, Banora Point's mortgage repayments are higher than the Australian average of $1,863, while rents are substantially above the national figure of $375.

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

Family households dominate at 70.7% of all households, comprising 25.6% couples with children, 30.7% couples without children, and 13.1% single parent families. Non-family households make up the remaining 29.3%, with lone person households at 26.7% and group households comprising 2.7% of the total. The median household size of 2.4 people matches the Regional NSW average.

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

The area faces educational challenges, with university qualification rates (16.7%) substantially below the NSW average of 32.2%. This represents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees lead at 12.0%, followed by postgraduate qualifications (2.7%) and graduate diplomas (2.0%). Trade and technical skills feature prominently, with 40.9% of residents aged 15+ holding vocational credentials, including advanced diplomas (11.8%) and certificates (29.1%).

Educational participation is notably high, with 25.3% of residents currently enrolled in formal education. This includes 8.8% in primary education, 7.7% in secondary education, and 3.6% pursuing tertiary education.

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

Public transport analysis reveals 133 active transport stops operating within Banora Point, comprising a mix of buses. These stops are serviced by 61 individual routes, collectively providing 1,085 weekly passenger trips. Transport accessibility is rated as excellent, with residents typically located 146 meters from the nearest transport stop. As a primarily residential area, most residents commute outward; the car remains the dominant mode at 96%. Vehicle ownership averages 1.4 per dwelling. A relatively low 12.7% of residents work from home (2021 Census; may reflect COVID-19 conditions).

Service frequency averages 155 trips per day across all routes, equating to approximately 8 weekly trips per individual stop. The accompanying map shows the 100 nearest stops to the location centrepoint.

Banora Point's residents are relatively healthy in comparison to broader Australia with the level of common health conditions among the general population somewhat typical, though higher than the nation's average among older cohorts

Banora Point's health metrics sit close to national benchmarks, based on AreaSearch's assessment of mortality rates and chronic condition prevalence. The level of common health conditions among the general population is somewhat typical, though higher than the national average among older cohorts, and the rate of private health cover is relatively low at approximately 50% of the total population (~8,514 people). The national average is 55.7%.

The most common medical conditions in the area are arthritis and mental health issues, impacting 11.8% and 8.4% of residents, respectively, while 61.1% declared themselves as completely clear of medical ailments compared to 63.3% across Regional NSW. Working-age residents show an above-average prevalence of chronic health conditions. The area has 26.6% of residents aged 65 and over (4,479 people), which is higher than the 23.4% in Regional NSW. Health outcomes among seniors present some challenges, though they rank lower nationally than the broader population.

Banora Point is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

Banora Point was found to be below average in terms of cultural diversity, with 84.2% of its population born in Australia, 91.3% being citizens, and 95.3% speaking English only at home. The main religion in Banora Point is Christianity, which makes up 57.4% of the population. This compares to 55.9% across Regional NSW.

In terms of ancestry (country of birth of parents), the top three represented groups in Banora Point are English, comprising 32.8% of the population, Australian, comprising 27.7% of the population, and Irish, comprising 9.5% of the population. Additionally, there are notable divergences in the representation of certain other ethnic groups: Scottish is notably overrepresented at 8.7% of Banora Point (vs 8.0% regionally), New Zealand at 0.8% (vs 0.4%) and Australian Aboriginal at 3.5% (vs 4.6%).

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

At 47 years, Banora Point's median age is significantly above the Regional NSW average of 43 as well as substantially exceeding the 38-year national average. The age profile shows 85+ year-olds are particularly prominent (4.9%), while the 25 - 34 group is comparatively smaller (9.6%) than in Regional NSW. In the period since 2021, a rejuvenation is evident as the median age fell from 48 to 47 years. Key changes show the 35 to 44 age group has grown from 10.1% to 12.1% of the population, while the 0 to 4 cohort increased from 4.6% to 5.8%. Conversely, the 65 to 74 cohort has declined from 13.7% to 11.9% and the 55 to 64 group dropped from 12.6% to 11.0%. By 2041, Banora Point is expected to see notable shifts in its age composition. The 85+ age cohort is projected to grow steadily, expanding by 327 people (39%) from 829 to 1,157. In contrast, the 75 to 84 and 65 to 74 cohorts are expected to experience population declines.