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 was 16,320 as of the 2021 Census. By Nov 2025, it is estimated to be around 16,681, reflecting a growth of 361 people (2.2%) since the Census date. This increase is inferred from the ABS's estimated resident population of 16,612 in June 2024 and an additional 29 validated new addresses since then. The population density as of Nov 2025 is approximately 1,767 persons per square kilometer. Banora Point's growth rate of 2.2% since the Census places it within 1.1 percentage points of the SA4 region's growth rate of 3.3%. Interstate migration contributed around 62.2% of overall population gains in 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 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 and latest annual ERP population numbers, Banora Point is expected to expand by 782 persons to 2041, reflecting an increase of 4.2% in total over the 17-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. As of FY-26, six approvals have been recorded. On average, four new residents arrive per year for each dwelling constructed between FY-21 and FY-25. This significant demand exceeds new supply, which typically results in price growth and increased buyer competition.

New dwellings are developed at an average cost of $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% 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 consists of 81% detached houses and 19% 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 suggests (63% at Census), reflecting strong demand for family homes despite 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 strong levels of nearby infrastructure activity, ranking in the top 30% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 11 projects likely impacting the area. Notable ones 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.

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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, prominent essential services sectors, and an unemployment rate of 2.4% as of September 2025. The area employs 7,234 residents with an unemployment rate 1.5% lower than Rest of NSW's rate of 3.8%.

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 is particularly specialized with an employment share 1.4 times the regional level. Conversely, agriculture, forestry & fishing employs just 0.7% of local workers, below Rest of NSW's 5.3%.

The predominantly residential area may offer limited local employment opportunities. Over the 12 months to September 2025, labour force levels decreased by 2.5%, with employment decreasing by 2.0%, leading to a fall in unemployment rate by 0.5 percentage points. In contrast, Rest of NSW experienced an employment decline of 0.5% and labour force decline of 0.1%, with a rise in unemployment rate by 0.4 percentage points. State-level data to 25-Nov shows NSW employment contracted by 0.03% (losing 2,260 jobs), with the state unemployment rate at 3.9%. National employment forecasts from Jobs and Skills Australia project national 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, based on a simple weighting extrapolation for illustrative purposes.

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

The median taxpayer income in Banora Point SA2 was $47,606, with an average of $59,206, according to AreaSearch's aggregation of postcode level ATO data for the financial year 2022. This is lower than the national average, which stood at a median of $49,459 and an average of $62,998 for Rest of NSW during the same period. Based on Wage Price Index growth of 12.61% since financial year 2022, estimated incomes as of September 2025 would be approximately $53,609 (median) and $66,672 (average). The 2021 Census figures show that household, family, and personal incomes in Banora Point fall between the 18th and 21st percentiles nationally. Income distribution data indicates that the largest segment comprises 29.0% earning between $1,500 and $2,999 weekly, with a total of 4,837 residents in this category. This pattern is similar to the surrounding region, where 29.9% of residents fall within this income range. Housing affordability pressures are severe, with only 81.9% of income remaining after housing costs, ranking at the 19th 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, as per the latest Census, consisted of 63.2% houses and 36.8% other dwellings (semi-detached, apartments, 'other' dwellings). Non-Metro NSW had a higher proportion of houses at 66.3%, with 33.8% being other dwellings. Home ownership in Banora Point was 45.8%. Mortgaged dwellings accounted for 34.3%, while rented dwellings made up 19.8%. The median monthly mortgage repayment in the area was $1,900, higher than Non-Metro NSW's average of $1,872. The median weekly rent figure in Banora Point was recorded at $440, compared to Non-Metro NSW's $400. Nationally, Banora Point's mortgage repayments were higher at $1,900 than the Australian average of $1,863. Rents in Banora Point were substantially above the national figure of $375 at $440.

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 making up 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 has university qualification rates of 16.7%, which is significantly lower than the NSW average of 32.2%. This disparity presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most common type of university qualification in the area at 12.0%, followed by postgraduate qualifications (2.7%) and graduate diplomas (2.0%). Vocational credentials are also prevalent, with 40.9% of residents aged 15 and above holding such qualifications, including advanced diplomas (11.8%) and certificates (29.1%).

Educational participation is notably high in the area, 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 in Banora Point shows 117 active public transport stops operating, all of which are bus stops. These stops are served by 61 unique routes that collectively facilitate 1,085 weekly passenger trips. Residents have excellent access to transport, with an average distance of 147 meters to the nearest stop.

On average, there are 155 trips per day across all routes, resulting in 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 stands at approximately 49%, covering around 8,190 people, which is lower than the national average of 55.3%.

The most frequent medical issues are arthritis (affecting 11.8% of residents) and mental health problems (impacting 8.4%). Notably, 61.1% of residents claim to be free from medical ailments, compared to 64.2% in the Rest of NSW. The area has a higher proportion of seniors aged 65 and over, at 27.2% (around 4,530 people), compared to 26.1% in the Rest of NSW. Despite these figures, health outcomes among seniors are challenging but perform better than those of the general population when measured by certain metrics.

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's population shows low cultural diversity, with 84.2% born in Australia, 91.3% being citizens, and 95.3% speaking English only at home. Christianity is the dominant religion, practiced by 57.4%, compared to 51.3% regionally. The top three ancestry groups are English (32.8%), Australian (27.7%), and Irish (9.5%).

Notably, Scottish ancestry is equally represented in Banora Point and the region at 8.7%. New Zealand ancestry is slightly higher at 0.8% compared to 0.7%, while Australian Aboriginal ancestry is slightly higher at 3.5% versus 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+ make up 5.0% of the population, while those aged 25-34 constitute only 9.3%. In the period from 2021 to present, the 35-44 age group has increased from 10.1% to 11.7%, and 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 group has fallen 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% (adding 329 people), reaching 1,157 from the current 827. Meanwhile, the 75-84 and 15-24 cohorts are expected to experience population declines.