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 February 2026, is approximately 16,861. This figure represents an increase of 541 people, a rise of 3.3%, since the 2021 Census which reported a population of 16,320. The growth is inferred from the estimated resident population of 16,608 in June 2024 and an additional 30 validated new addresses since the Census date. This results in a population density of 1,786 persons per square kilometer, higher than the average seen across national locations assessed by AreaSearch. Banora Point's growth rate of 3.3% since the census is within 0.8 percentage points of the SA4 region (4.1%), indicating competitive growth fundamentals. Interstate migration contributed approximately 62.2% of overall population gains during recent periods, driving primary population 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 utilises 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 2041, reflecting a total increase of 3.1% 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 granted approximately 23 residential property approvals annually over the past five financial years, totalling 118 homes. As of FY-26, seven approvals have been recorded. On average, four new residents arrive per year for each dwelling constructed between FY-21 and FY-25. This has led to a significant demand exceeding supply, typically resulting in price growth and increased buyer competition.

The average construction value of new dwellings is $326,000. In the current 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 53.0% less development activity per person. This limited supply generally supports stronger demand and values for established properties. The area's activity is also below the national average, suggesting its established nature and potential planning limitations.

Recent construction comprises 81.0% detached houses and 19.0% medium to high-density housing, maintaining Banora Point's traditional suburban character with a focus on family homes appealing to those seeking space. Developers are constructing more detached housing than the existing pattern implies (63.0% at Census), reflecting persistent strong demand for family homes amidst densification trends. The location has approximately 1183 people per dwelling approval, indicating an established market. Population forecasts suggest Banora Point will gain 529 residents by 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

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified ten projects expected to impact the area. Notable projects include Altitude Aspire Residential Estate, Club Banora Master Plan Redevelopment, Rise at Terranora Development, and Pacific Highway Banora Point Upgrade. The following list details 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.

AreaSearch assessment positions Banora Point ahead of most Australian regions for employment performance

Banora Point's workforce is balanced across white and blue collar jobs, with prominent essential services sectors. Its unemployment rate was 2.4% as of September 2025. There were 7,234 employed residents, with an unemployment rate 1.5% lower than Rest of NSW's 3.8%.

Workforce participation stood at 54.1%, significantly below Rest of NSW's 61.5%. According to Census data, only 12.7% of residents worked from home. Dominant employment sectors included health care & social assistance, retail trade, and construction. Retail trade had a particularly high share at 1.4 times the regional level, while agriculture, forestry & fishing employed just 0.7%, compared to Rest of NSW's 5.3%.

The area appeared to offer limited local employment opportunities based on Census data comparison between working population and resident population. Between September 2024 and September 2025, labour force levels decreased by 2.5% alongside a 2.0% drop in employment, leading to an unemployment rate decrease of 0.5 percentage points. In contrast, Rest of NSW saw employment decline by 0.5% and labour force decline by 0.1%, with an unemployment rate increase of 0.4 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 project overall 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 employment should increase by 6.8% over five years and 14.0% over ten years, though this is a simplified extrapolation for illustrative purposes only.

Income levels sit below national averages according to AreaSearch assessment

The Banora Point SA2 has a median taxpayer income of $51,302 and an average of $63,511 based on the latest postcode level ATO data aggregated by AreaSearch for financial year 2023. This is lower than the national average, with Rest of NSW having a median income of $52,390 and an average income of $65,215. By September 2025, estimates suggest the median income will be approximately $55,847 and the average will be around $69,138, accounting for Wage Price Index growth of 8.86% since financial year 2023. According to the 2021 Census, incomes in Banora Point fall between the 18th and 21st percentiles nationally. The largest income segment comprises 29.0% earning $1,500 - 2,999 weekly, with 4,889 residents in this category. Housing affordability pressures are severe, as only 81.9% of income remains after housing costs, ranking at the 19th percentile nationally.

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

The dwelling structure in Banora Point, as per the latest Census, consisted of 63.2% houses and 36.8% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Non-Metro NSW had 82.6% houses and 17.4% other dwellings. Home ownership in Banora Point was at 45.8%, with mortgaged dwellings at 34.3% and rented ones at 19.8%. The median monthly mortgage repayment in the area was $1,900, higher than Non-Metro NSW's average of $1,733. The median weekly rent figure was recorded at $440, compared to Non-Metro NSW's $330. Nationally, Banora Point's mortgage repayments were higher than the Australian average of $1,863, while 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 comprise 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 account for 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 in 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%. Bachelor degrees are most common at 12.0%, followed by postgraduate qualifications (2.7%) and graduate diplomas (2.0%). Vocational credentials are prevalent, with 40.9% of residents aged 15 and above 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 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

The analysis of public transport in Banora Point indicates there are 133 active transport stops currently operating. These stops facilitate a variety of bus routes, totaling 61 individual services that collectively offer 1,085 weekly passenger trips. The accessibility to these transport options is deemed excellent, with residents typically residing just 146 meters away from the nearest stop. Primarily residential in nature, most commuters in Banora Point travel outward. Cars remain the prevalent mode of transportation, used by 96% of residents. On average, there are 1.4 vehicles per dwelling.

According to the 2021 Census data, which may have been influenced by COVID-19 conditions, only 12.7% of residents work from home. The service frequency across all routes averages 155 trips per day, translating to approximately 8 weekly trips per individual stop. An accompanying map illustrates the locations of the 100 nearest stops in relation to the area's 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 are close to national benchmarks, with mortality rates and chronic condition prevalence assessed by AreaSearch showing common health conditions among the general population as somewhat typical but higher than the national average among older cohorts. Private health cover is relatively low at approximately 50% of the total population (~8,514 people), compared to the national average of 55.7%.

The most common medical conditions are arthritis and mental health issues, impacting 11.8 and 8.4% of residents respectively, while 61.1% declare themselves completely clear of medical ailments, compared to 63.3% across Rest of NSW. Working-age residents show 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 Rest of 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 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 in Banora Point, accounting for 57.4% of the population, compared to 55.9% 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+ are particularly prominent, comprising 4.9% of the population, while the 25-34 age group is relatively smaller at 9.6%. Between 2021 and the present day, there has been a rejuvenation in Banora Point's population, with the median age falling from 48 to 47 years. During this period, key changes include the growth of the 35-44 age group from 10.1% to 12.1%, and an increase in the 0-4 cohort from 4.6% to 5.8%. Conversely, the 65-74 age group has declined from 13.7% to 11.9%, and the 55-64 age group dropped from 12.6% to 11.0%. By 2041, Banora Point's age composition is expected to shift notably. The 85+ age cohort is projected to grow steadily, increasing by 327 people (39%) from 829 to 1,157. In contrast, the 75-84 and 65-74 cohorts are expected to experience population declines.