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 was 16,320 as of 2021 Census. By Nov 2025, it is around 16,681, an increase of 361 people (2.2%). This growth was inferred from ABS estimated resident population of 16,612 in June 2024 and 29 validated new addresses since the Census date. The population density is 1,767 persons per square kilometer, higher than national averages assessed by AreaSearch. Banora Point's 2.2% growth since census compares to SA4 region's 3.3%, indicating competitive fundamentals. Interstate migration contributed approximately 62.2% of overall population gains recently.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For uncovered areas, NSW State Government's SA2 level projections are used, released in 2022 with 2021 as the base year. Growth rates by age group are applied to all areas for years 2032 to 2041. By 2041, Banora Point is projected to expand by 782 persons, reflecting a 4.2% increase over 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 approximately 23 residential properties granted approval annually over the past five financial years, totalling 118 homes. As of FY-26 so far, four approvals have been recorded. On average, around four new residents arrive per year per dwelling constructed between FY-21 and FY-25. This demand significantly exceeds new supply, typically leading to price growth and increased buyer competition.

The average value for new dwellings developed is $326,000. In FY-26, 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, suggesting limited new supply and stronger demand for established properties. This activity is also below the national average, implying the area's 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 focused on family homes.

Developers are constructing more detached housing than the existing pattern (63.0% at Census), reflecting strong demand for family homes amid densification trends. The location has approximately 1183 people per dwelling approval, indicating an established market. Population forecasts suggest Banora Point will gain 709 residents by 2041. Current construction rates appear balanced with future demand, fostering steady market conditions without excessive 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 this 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 details those most likely to be 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 has a balanced workforce with white and blue collar jobs, notable presence in essential services sectors, and an unemployment rate of 2.2%. As of June 2025, it has 7,115 employed residents, below the Rest of NSW's participation rate of 56.4%, but 3.7% points lower unemployment rate.

Major employment sectors are health care & social assistance, retail trade, and construction. Retail trade is particularly dominant with an employment share 1.4 times the regional level. Agriculture, forestry & fishing employs just 0.7% of local workers compared to Rest of NSW's 5.3%. Over June 2024 to June 2025, labour force levels decreased by 4.8%, employment by 4.3%, leading to a 0.5 percentage point drop in unemployment rate.

Jobs and Skills Australia forecasts national employment growth by 6.6% over five years and 13.7% over ten years. 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, based on a simple weighting extrapolation for illustrative purposes.

Income figures position the area below 75% of locations analysed nationally by AreaSearch

Banora Point had a median taxpayer income of $47,606 and an average income of $59,206 in financial year 2022. These figures were lower than the national averages, with Rest of NSW's median income being $49,459 and average income being $62,998. By September 2025, based on a Wage Price Index growth of 12.61%, estimated incomes would be approximately $53,609 (median) and $66,672 (average). In Banora Point, as per the 2021 Census, household, family, and personal incomes ranked between the 18th and 21st percentiles nationally. The largest income segment comprised 29.0% of residents earning $1,500 - $2,999 weekly. This pattern is similar to the surrounding region, where 29.9% fall into this range. Housing affordability pressures are severe in Banora Point, with only 81.9% of income remaining after housing costs, ranking at the 20th percentile nationally. The area's SEIFA income ranking places 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 dwellings were 63.2% houses and 36.8% other types at the latest Census. Non-Metro NSW had 66.3% houses and 33.8% others. Home ownership in Banora Point was 45.8%, with mortgages at 34.3% and rentals at 19.8%. The median monthly mortgage repayment was $1,900, higher than Non-Metro NSW's $1,872. Median weekly rent was $440 in Banora Point, compared to Non-Metro NSW's $400. Nationally, Banora Point's mortgage repayments were higher at $1,900 vs Australia's average of $1,863, and rents were substantially higher at $440 vs 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 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 has university qualification rates of 16.7%, significantly lower than the NSW average of 32.2%. Bachelor degrees are the 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+ 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, including 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 balanced educational opportunities (ICSEA: 1009).

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

Banora Point has 117 active public transport stops, all of which are bus stops. These stops are served by 61 different routes that together facilitate 1,085 weekly passenger trips. The accessibility of these services is rated as excellent, with residents being an average of 147 meters away from the nearest stop.

On average, there are 155 trips per day across all routes, which translates to approximately 9 weekly trips per individual 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, with common conditions prevalent across both younger and older age groups. Private health cover is relatively low at approximately 49% (around 8,190 people), compared to the national average of 55.3%.

The most common medical conditions are arthritis (11.8%) and mental health issues (8.4%). About 61.1% of residents report no medical ailments, compared to 64.2% in Rest of NSW. Around 27.2% of residents are aged 65 and over (4,530 people), slightly higher than the 26.1% in Rest of NSW. Health outcomes among seniors present some challenges but perform better than the general population in health metrics.

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, as per the census conducted on Tuesday 9 June 2016, exhibited lower cultural diversity compared to regional averages. The population born in Australia constituted 84.2%, with 91.3% being citizens and 95.3% speaking English exclusively at home. Christianity was the predominant religion, practiced by 57.4% of Banora Point's residents, which is higher than the Rest of NSW average of 51.3%.

The top three ancestry groups were English (32.8%), Australian (27.7%), and Irish (9.5%). Some ethnic groups showed notable differences: Scottish representation was notably higher at 8.7% compared to the regional average of 8.7%, New Zealand-born residents were slightly higher at 0.8% versus 0.7%, and Australian Aboriginal ancestry was also higher at 3.5% compared to the regional average of 3.0%.

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 years and substantially exceeds the national average of 38 years. The age profile shows that those aged 85+ are particularly prominent at 5.0%, while the 25-34 group is comparatively smaller at 9.3% compared to the Rest of NSW figure. Between 2021 and the present, the 35-44 age group has grown from 10.1% to 11.7% of the population, while the 0-4 cohort increased from 4.6% to 5.7%. Conversely, the 55-64 cohort has declined from 12.6% to 11.0%, and the 65-74 group dropped from 13.7% to 12.2%. By 2041, Banora Point's age composition is expected to shift notably. The 85+ group is projected to grow by 40%, reaching 1,157 people from the current 827. Meanwhile, the 75-84 and 15-24 cohorts are expected to experience population declines.