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

Banora Point's population, as of May 2026, is approximately 16,808 people. This figure represents a growth of 488 individuals since the 2021 Census, which recorded a population of 16,320. The increase is inferred from the estimated resident population of 16,796 in June 2025 and an additional 35 validated new addresses post-Census. This results in a population density of 1,780 persons per square kilometer, higher than the average across national locations assessed by AreaSearch. Banora Point's growth rate of 3.0% since the Census is within 0.7 percentage points of the SA4 region (3.7%), indicating strong growth fundamentals. Interstate migration contributed approximately 61.7% to overall population gains during recent periods.

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 the NSW State Government's SA2 level projections, released in 2022 using 2021 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 and latest annual ERP population numbers, Banora Point is expected to expand by 557 persons by 2041, reflecting an overall increase of approximately 3.2% over the 16-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 over the past five financial years, totalling 118 homes. In FY-26 so far, 9 approvals have been recorded. On average, around 4 new residents arrive per year for each dwelling constructed between FY-21 and FY-25. This has resulted in demand significantly exceeding new supply, typically leading to price growth and increased buyer competition, with new dwellings developed at an average expected construction cost of $326,000.

In this financial year, there have been $1.1 million in commercial approvals, indicating a predominantly residential focus. Compared to the Rest of NSW, Banora Point has significantly less development activity, 53.0% below the regional average per person. This limited new supply generally supports stronger demand and values for established properties. The area's development activity is also under the national average, suggesting its established nature and potential planning limitations. Recent construction comprises 81.0% detached houses and 19.0% medium and high-density housing, maintaining Banora Point'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 545 residents through to 2041, based on the latest AreaSearch quarterly estimate. Given 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

The performance of an area can significantly be influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified a total of 10 such projects that are likely to impact the area. Notable among these are Altitude Aspire Residential Estate, Club Banora Master Plan Redevelopment, Rise at Terranora Development, and Pacific Highway Banora Point Upgrade. The following list details those projects considered most relevant:.

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

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

Banora Point had an unemployment rate of 2.4% as of December 2025. This was lower than Regional NSW's rate of 3.9%. Workforce participation in Banora Point was 54.0%, compared to Regional NSW's 60.5%.

As of December 2025, 7,340 residents were employed. The dominant employment sectors included health care & social assistance, retail trade, and construction. Retail trade had an employment share of 1.4 times the regional level. Agriculture, forestry & fishing employed just 0.7% of local workers.

Over the 12 months to December 2025, labour force levels decreased by 0.3%, with employment decreasing by 0.1%. This resulted in a fall of 0.2 percentage points in the unemployment rate. National employment forecasts from Jobs and Skills Australia suggest Banora Point's employment should increase by 6.8% over five years and 14.0% over ten years, based on industry-specific projections applied to its employment mix.

Income levels sit below national averages according to AreaSearch assessment

The Banora Point SA2 had a median taxpayer income of $51,302 and an average of $63,511 in the latest postcode level ATO data aggregated by AreaSearch for the financial year 2023. This was 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 10.32% since financial year 2023, current estimates would be approximately $56,596 (median) and $70,065 (average) as of March 2026. According to the 2021 Census figures, household, family and personal incomes in Banora Point all fell between the 18th and 21st percentiles nationally. Distribution data showed the largest segment comprised 29.0% earning $1,500 - $2,999 weekly (4,874 residents), reflecting patterns seen in the surrounding region where 29.9% similarly occupied this range. Housing affordability pressures were 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

Banora Point's dwelling structures, as per the latest Census, consisted of 63.2% houses and 36.8% other dwellings (semi-detached, apartments, 'other' dwellings). This contrasts with Regional NSW's figures of 82.6% houses and 17.4% other dwellings. Home ownership in Banora Point stood at 45.8%, with mortgaged dwellings at 34.3% and rented ones at 19.8%. The median monthly mortgage repayment was $1,900, exceeding Regional NSW's average of $1,733. Median weekly rent in Banora Point was $440, compared to Regional NSW's $330. Nationally, Banora Point's mortgage repayments were higher than the Australian average of $1,863, and rents were substantially above 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 make up the remaining 29.3%, with lone person households at 26.7% and group households comprising 2.7%. The median household size is 2.4 people, aligning with the Regional NSW average.

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

The area's university qualification rate is 16.7%, significantly lower than NSW's average of 32.2%. Bachelor degrees are the most prevalent at 12.0%, followed by postgraduate qualifications (2.7%) and graduate diplomas (2.0%). Vocational credentials are prominent, with 40.9% of residents aged 15+ holding them, including advanced diplomas (11.8%) and certificates (29.1%). Educational participation is high, with 25.3% of residents currently enrolled in formal education: 8.8% in primary, 7.7% in secondary, and 3.6% in tertiary education.

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

Transport analysis indicates 133 active transport stops operating within Banora Point, consisting of bus services. These stops are served by 61 individual routes, collectively facilitating 1,085 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 146 meters from the nearest stop. As a predominantly residential area, most residents commute outward, with car remaining the dominant mode at 96%. Vehicle ownership averages 1.4 per dwelling. According to the 2021 Census, a relatively low 12.7% of residents work from home, which may reflect COVID-19 conditions.

Service frequency averages 155 trips per day across all routes, equating to approximately 8 weekly trips per stop. The accompanying map displays 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 closely align with national benchmarks. Mortality rates and chronic condition prevalence are typical of the general population, but slightly higher among older cohorts.

Private health cover is relatively low at approximately 50% of the total population (~8,488 people), compared to the national average of 55.7%. The most common medical conditions in the area are arthritis (11.8%) and mental health issues (8.4%). A higher proportion of residents declare themselves completely clear of medical ailments (61.1%) than in Regional NSW (63.3%). Working-age residents have a higher prevalence of chronic health conditions. The area has 27.3% of residents aged 65 and over (4,591 people), compared to 23.4% in Regional NSW. Health outcomes among seniors present some challenges but 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, surveyed in 2016, had a low cultural diversity with 84.2% of its population born in Australia. Citizenship was high at 91.3%, and English-only speakers were 95.3%. Christianity dominated at 57.4%, slightly higher than the Regional NSW average of 55.9%.

Top ancestral groups were English (32.8%), Australian (27.7%), and Irish (9.5%). Notably, Scottish ancestry was overrepresented at 8.7% compared to 8.0% regionally, New Zealand at 0.8% versus 0.4%, and Australian Aboriginal lower at 3.5% against the regional average of 4.6%.

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 Regional NSW's average of 43 years and substantially exceeds the national average of 38 years. The age profile shows that those aged 85+ make up 5.1% of the population, a notably higher proportion compared to Regional NSW. Conversely, the 25-34 age group constitutes only 9.1%, which is relatively smaller than in Regional NSW. Between 2021 and present, the 35-44 age group has increased from 10.1% to 12.0% of the population, while the 15-24 cohort has risen from 10.3% to 11.4%. However, during this period, the 55-64 age group has decreased from 12.6% to 11.0%, and the 65-74 group has dropped from 13.7% to 12.3%. By 2041, Banora Point's age composition is expected to shift significantly. The 85+ group is projected to grow by 40%, reaching 1,189 people from the current 850. Meanwhile, the 65-74 and 15-24 cohorts are anticipated to experience population declines.