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

According to the analysis by AreaSearch, the resident count of Banora Point is estimated at 16,808 as of May 2026. This represents a growth of 488 residents (3.0%) from the 16,320 individuals recorded in the 2021 Census. This population shift is calculated using the ABS estimated resident population of 16,796 from June 2025 alongside 35 validated new addresses registered after the Census. The resulting population density stands at 1,780 persons per square kilometer, exceeding the typical figure for national sites evaluated by AreaSearch. The suburb's 3.0% post-census growth rate is within 0.7 percentage points of the broader SA4 region (3.7%), demonstrating competitive expansion metrics. The upward trend was mainly fueled by arrivals from other states, who accounted for roughly 61.7% of the total population gains in recent times.

For each SA2 locality, AreaSearch applies projections released by the ABS and Geoscience Australia in 2024, using 2022 as their starting point. Where this dataset lacks coverage, the NSW State Government projections from 2022, which use a 2021 baseline, are implemented instead. Age-specific growth patterns derived from these sources are extended to all areas for the timeframe spanning 2032 to 2041. Based on these demographic forecasts, expansion is projected to match the lower quartile of regional areas across the nation, with the local population predicted to grow by 557 individuals by 2041 relative to the latest annual ERP statistics, representing an overall increase of 3.2% over the 16 years.

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

An average of approximately 23 residential approvals have been granted annually in Banora Point, amounting to 118 homes over the last 5 financial years. In the current FY-26 period, 18 approvals have been registered. With an average of 4.9 new residents per built dwelling arriving annually over the 5 financial years between FY-21 and FY-25, demand outpaces new building activity, which typically encourages upward pressure on prices and heightens competition among buyers, while new builds average a construction value of $326,000. Additionally, commercial approvals worth $1.1 million have been recorded this financial year, indicating that the local development landscape remains focused on residential projects.

In comparison to the Rest of NSW, development pace in Banora Point is low, falling 53.0% below the regional per capita average. This restricted volume of new builds generally underpins demand and supports values for existing real estate. This level of building activity also sits below the national average, reflecting the established state of the locality and pointing to possible planning constraints. Recent completions consist of 81.0% detached houses and 19.0% medium and high-density options, preserving the traditional suburban style characterized by spacious family properties. Notably, the proportion of detached houses under construction exceeds the historical distribution (63.0% at Census), showing sustained appetite for single-family residences despite broader densification trends. The area records approximately 1193 people per residential approval, highlighting a mature property market.

Demographic projections indicate that Banora Point will add 545 residents by 2041, measured from the most recent quarterly estimate by AreaSearch. Given current building trends, the volume of incoming housing supply is expected to easily satisfy this demand, maintaining favorable purchasing conditions for buyers and potentially supporting population growth above current forecasts.

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

Local infrastructure projects, major works, and municipal planning developments are key drivers of regional performance. AreaSearch has tracked a total of 10 projects expected to influence the local area. Among these, the Altitude Aspire Residential Estate, Club Banora Master Plan Redevelopment, Rise at Terranora Development, and the Pacific Highway Banora Point Upgrade represent the most significant undertakings.

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

The workforce in Banora Point is distributed across professional and manual occupations, with a notable presence in essential service industries, an unemployment rate sitting at 2.6%, and estimated employment growth of 3.6% over the past year. In March 2026, employed residents numbered 7,464, with the local unemployment rate running 1.5% below the Regional NSW benchmark of 4.1%, whereas workforce participation is considerably lower (55.0% compared to 60.6% in Regional NSW). According to Census data, a modest 12.7% of the working population operated from home, though this figure may reflect the influence of COVID-19 pandemic restrictions.

The primary employment fields for local residents are health care & social assistance, retail trade, and construction. The community displays a distinct specialization in retail trade, where the concentration of jobs is 1.4 times the regional proportion. Conversely, agriculture, forestry & fishing accounts for only 0.7% of the local workforce, contrasting with 5.3% across Regional NSW. The largely residential character of the suburb means local job opportunities are relatively scarce, as shown by comparing the count of resident workers against the local working-age population.

Analysis of SALM and ABS statistics by AreaSearch indicates that during the 12 months ending March 2026, the count of employed residents rose by 3.6% and the total labor force grew by 3.9%, which pushed the unemployment rate up by 0.3 percentage points. Conversely, Regional NSW saw employment fall by 0.9% and its labor force contract by 0.4%, accompanied by a 0.5 percentage point increase in unemployment. National employment forecasts published by Jobs and Skills Australia in May-25 offer additional context regarding future demand trends in Banora Point. These five and ten-year projections have been applied to the local workforce structure to model future employment paths. Although overall employment across Australia is projected to rise by 6.6% over five years and 13.7% over ten years, growth rates vary widely by industry. Applying these sectoral projections to the employment profile of Banora Point suggests local jobs will grow by 6.8% over five years and 14.0% over ten years, using a basic weighted extrapolation for illustrative purposes that excludes local population forecasts.

Income levels sit below national averages according to AreaSearch assessment

The Banora Point SA2 recorded a median taxpayer income of $51,302 and an average taxpayer income of $63,511, based on the latest postcode level ATO data compiled by AreaSearch for financial year 2023. These figures sit below the national average and also compare unfavorably with the Regional NSW median of $52,390 and average of $65,215. Adjusting for Wage Price Index growth of 10.32% since financial year 2023, current projections estimate these figures at roughly $56,596 for the median and $70,065 for the average as of March 2026. Data from the 2021 Census places household, family, and individual incomes in Banora Point between the 18th and 21st percentiles nationwide. The income distribution reveals that the largest bracket is comprised of 29.0% of the population earning between $1,500 - 2,999 weekly (4,874 residents), matching regional patterns where 29.9% fall into this bracket. Housing affordability presents a major challenge, with residents retaining only 81.9% of their income, which ranks in the 19th percentile.

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

At the most recent Census, the distribution of housing types in Banora Point was 63.2% detached houses and 36.8% other formats (including semi-detached properties, units, and alternative dwellings), compared to 82.6% houses and 17.4% other formats in Regional NSW. The level of outright home ownership in Banora Point was notably higher than the regional average, standing at 45.8%, while the remaining properties were either mortgaged (34.3%) or rented (19.8%). The median monthly mortgage payment was higher than the Regional NSW average at $1,900, and the median weekly rent was recorded at $440, compared to regional benchmarks of $1,733 and $330. On a national level, Banora Point's mortgage costs exceed the Australian average of $1,863, and weekly rents are significantly higher than the national median of $375.

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

Families make up the majority of households at 70.7%, which includes 25.6% couples with children, 30.7% couples without children, and 13.1% single parent households. The remaining 29.3% are non-family households, consisting of single-person households at 26.7% and group housing setups at 2.7%. The median household occupancy stands at 2.4 people, matching the average for Regional NSW.

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

Educational statistics for the locality indicate lower levels of higher education, with university graduation rates (16.7%) sitting significantly below the NSW state average of 32.2%. This difference highlights a key area for potential educational development programs. Among those with university degrees, bachelor degrees are most common at 12.0%, followed by postgraduate qualifications at 2.7% and graduate diplomas at 2.0%. Vocational and technical qualifications are highly prevalent, with 40.9% of residents aged 15+ holding trade credentials, consisting of advanced diplomas (11.8%) and certificates (29.1%).

Enrolment in education is strong, with 25.3% of the local population actively participating in formal study. This cohort comprises 8.8% in primary schools, 7.7% in high schools, and 3.6% undertaking tertiary courses.

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

An assessment of public transit options shows 133 active stops situated within Banora Point, consisting of various bus services. These locations are connected to 61 distinct routes, which combine to support 1,085 passenger trips every week. Accessibility is rated as highly favorable, with residents living an average of 146 meters from their nearest transit point. Given the residential nature of the suburb, the vast majority of workers travel outside the area for employment, with private vehicles remaining the primary mode of travel at 96%. Households own an average of 1.4 cars. A relatively low proportion of residents (12.7%) worked from home, according to the 2021 Census, which may have been influenced by COVID-19 pandemic conditions.

Across all transit routes, service frequency averages 155 trips daily, representing about 8 weekly departures for each individual stop. The associated map displays the 100 closest transit stops to the central point of the locality.

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

The general health profile of Banora Point aligns closely with national standards, according to AreaSearch indicators for mortality and chronic illness rates. The incidence of standard health conditions is typical overall, though it rises above the national average within older demographics. Private health insurance coverage is relatively low, held by approximately 50% of the population (~8,488 people), compared to a national average of 55.7%.

Arthritis and mental health conditions are the most prevalent diagnosed illnesses, affecting 11.8% and 8.4% of residents, respectively. Meanwhile, 61.1% of the population reported no chronic health issues, compared to 63.3% across Regional NSW. Residents of working age exhibit higher-than-average rates of chronic conditions. Seniors aged 65 and over constitute 27.3% of the community (4,591 people), exceeding the Regional NSW proportion of 23.4%. While health metrics for this older cohort present some difficulties, they rank more favorably on a national scale than the metrics for the general local population.

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

Indicators of cultural diversity in Banora Point are lower than average, with 84.2% of the local population born in Australia, 91.3% holding citizenship, and 95.3% speaking only English at home. The predominant religious affiliation is Christianity, representing 57.4% of the population, which compares to 55.9% across Regional NSW.

Regarding ancestral backgrounds based on parental place of birth, the three largest groups in Banora Point are English at 32.8%, Australian at 27.7%, and Irish at 9.5%. There are also notable differences in the concentration of other backgrounds: Scottish ancestry is higher at 8.7% (compared to 8.0% regionally), New Zealand ancestry is at 0.8% (compared to 0.4% regionally), and Australian Aboriginal ancestry is at 3.5% (compared to 4.6% regionally).

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

The median age in Banora Point is 47 years, which is higher than both the Regional NSW average of 43 and the national average of 38. The age distribution shows a high concentration of residents aged 85+ (5.1%), while the 25 - 34 age bracket is smaller (9.1%) than typically seen in Regional NSW. Since 2021, the 35 to 44 cohort has expanded from 10.1% to 12.0% of the population, and the 15 to 24 group has risen from 10.3% to 11.4%. In contrast, the 55 to 64 bracket decreased from 12.6% to 11.0%, and the 65 to 74 group fell from 13.7% to 12.3%. Looking forward to 2041, major demographic shifts are anticipated, led by a 40% growth in the 85+ cohort (adding 338 people) to reach 1,189 from a base of 850, whereas the 65 to 74 and 15 to 24 age groups are projected to contract.