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 the estimated resident population of 16,611 in June 2024 and an additional 29 validated new addresses since the Census date. This results in a population density ratio of 1,766 persons per square kilometer, higher than the average across national locations assessed by AreaSearch. Banora Point's growth rate of 2.2% since the census is within 1.0 percentage point of the SA4 region's 3.2%, indicating strong growth fundamentals. Interstate migration contributed approximately 62.2% to overall population gains during recent periods, driving primary growth in the area.

AreaSearch adopts 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 uses NSW State Government's SA2 level projections, released in 2022 with a base year of 2021. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. Based on projected demographic shifts, lower quartile growth is anticipated for national regional areas. Banora Point is expected to expand by 782 persons to the year 2041, reflecting an increase of approximately 4.3% in total over the 17-year period, according to the latest population numbers.

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

Banora Point has granted approximately 23 residential property approvals annually over the past five financial years, totalling 118 homes. As of FY-26, there have been three approvals recorded so far. On average, around four new residents arrive per year for each dwelling constructed between FY-21 and FY-25. This demand exceeds new supply, typically leading to price growth and increased buyer competition.

The average expected construction cost value for new dwellings is $709,000, indicating a focus on the premium segment with upmarket properties. In this financial year, 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 levels, at 53.0% below the regional average per person, which usually reinforces demand and pricing for existing homes. This 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 that Banora Point will gain approximately 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 in local infrastructure significantly affect an area's performance. AreaSearch has identified 11 projects that may impact the region. Notable ones include East at Banora Estate, Altitude Aspire Residential Estate, Club Banora Master Plan Redevelopment, and Rise at Terranora Development. The following list provides details on those most relevant.

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.

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

Banora Point has a balanced workforce with white and blue collar jobs, prominent essential services sectors, and an unemployment rate of 2.2%. As of June 2025, 7,115 residents are employed, with the unemployment rate at 1.5% lower than Rest of NSW's 3.7%.

Workforce participation is somewhat below standard at 52.4%, compared to Rest of NSW's 56.4%. Dominant employment sectors include health care & social assistance, retail trade, and construction. Retail trade has a strong presence with an employment share 1.4 times the regional level, while agriculture, forestry & fishing has limited presence at 0.7% compared to the regional 5.3%. The area appears to offer limited local employment opportunities based on Census data comparison of working population versus resident population.

Between June 2024 and June 2025, labour force decreased by 4.8%, employment declined by 4.3%, leading to a fall in unemployment rate by 0.5 percentage points. In contrast, Rest of NSW saw employment fall by 0.1%, labour force expand by 0.3%, and unemployment rise by 0.4 percentage points. Jobs and Skills Australia's national employment forecasts from May 2025 project national employment growth of 6.6% over five years and 13.7% over ten years, with varying rates across sectors. 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

AreaSearch aggregated latest postcode level ATO data released for financial year 2022. Banora Point had a median income among taxpayers of $47,606 and an average income of $59,206. Nationally, the median was $49,459 and the average was $62,998. By September 2025, estimates suggest Banora Point's median income will be approximately $53,609 and the average will be around $66,672, based on a 12.61% Wage Price Index growth since financial year 2022. The 2021 Census showed household, family, and personal incomes in Banora Point were between the 18th and 21st percentiles nationally. The earnings profile indicated that 4,837 residents earned $1,500 - $2,999 weekly, comprising 29.0% of the population, similar to the surrounding region's 29.9%. Housing affordability pressures were severe, with only 81.9% of income remaining, ranking at the 20th percentile. The area's SEIFA income ranking placed it in the 4th decile.

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 compares to Non-Metro NSW's 66.3% houses and 33.8% 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 Non-Metro NSW's average of $1,872. Median weekly rent in Banora Point was $440, higher than Non-Metro NSW's figure of $400. Nationally, Banora Point's mortgage repayments were higher at $1,900 compared to the Australian average of $1,863, and rents were substantially higher at $440 versus 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 comprising 2.7%. 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's university qualification rate is 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%). Vocational credentials are prominent, with 40.9% of residents aged 15+ holding them - advanced diplomas at 11.8% and certificates at 29.1%.

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

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

Analysis shows 117 active transport stops in Banora Point, with a mix of bus services. These stops are served by 61 individual routes, offering 1,085 weekly passenger trips combined. Transport accessibility is rated excellent, with residents usually located 147 meters from the nearest stop.

Service frequency averages 155 trips per day across all routes, equating to approximately 9 weekly trips per 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, as indicated by health data. Both younger and older age groups have notable prevalence of common health conditions.

Private health cover is relatively low, at approximately 49% of the total population (around 8,189 people), compared to the national average of 55.3%. The most prevalent medical conditions are arthritis and mental health issues, affecting 11.8% and 8.4% of residents respectively. Conversely, 61.1% of residents report being completely free from medical ailments, slightly lower than the Rest of NSW figure of 64.2%. Banora Point has a higher proportion of seniors aged 65 and over, at 27.2% (around 4,530 people), compared to the Rest of NSW average of 26.1%. Despite this, health outcomes among seniors in Banora Point are 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 had a cultural diversity level below average, with 84.2% of its population born in Australia, 91.3% being citizens, and 95.3% speaking English only at home. Christianity was the predominant religion, comprising 57.4% of Banora Point's population, compared to 51.3% across Rest of NSW. The top three ancestry groups were English (32.8%), Australian (27.7%), and Irish (9.5%).

Notably, Scottish ancestry was overrepresented at 8.7%, New Zealand at 0.8%, and Australian Aboriginal 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 the Rest of NSW average of 43 and substantially exceeds the national average of 38 years. The age profile shows that those aged 85 and above make up 5.0% of the population, a notably higher proportion compared to the Rest of NSW. Meanwhile, the 25-34 age group constitutes only 9.3%, which is relatively smaller than in the Rest of NSW. Between 2021 and the 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 age group has decreased from 12.6% to 11.0%, and the 65-74 age group has dropped from 13.7% to 12.2%. By 2041, Banora Point's population is expected to experience significant shifts in its age composition. The 85+ age group is projected to grow by 40%, adding 329 people to reach a total of 1,157 from the current 827. Conversely, the 75-84 and 15-24 age cohorts are expected to see population declines.