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

As of May 2026, the estimated population of the suburb of Banora Point is around 16,870, reflecting a 410 person increase from the 2021 Census figure of 16,460. This increase equates to a 2.5% rise in population. The current resident population estimate of 16,859 by AreaSearch is based on an examination of the latest ERP data release by the ABS (June 2025) and an additional 15 validated new addresses since the Census date. This results in a population density ratio of 1,821 persons per square kilometer, higher than the average seen across national locations assessed by AreaSearch. Banora Point's growth rate since the census is within 1.2 percentage points of the SA4 region (3.7%), indicating competitive growth fundamentals. Interstate migration contributed approximately 62.0% of overall population gains during recent periods.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022, and NSW State Government's SA2 level projections for areas not covered by this data, released in 2022 with a base year of 2021. Future population trends anticipate lower quartile growth for national non-metropolitan areas. By 2041, the suburb is expected to grow by 573 persons based on aggregated SA2-level projections, reflecting a total gain of 3.3% 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

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Banora Point has averaged around 23 new dwelling approvals each year. Between FY-21 and FY-25, an estimated 115 homes were approved, with a further 8 so far in FY-26. On average, each dwelling built over the past five financial years has gained approximately 2.9 new residents per year.

This robust demand supports property values, with new homes being constructed at an average expected cost of $709,000, indicating developers are targeting the premium market segment with higher-end properties. In FY-26, $1.1 million in commercial approvals have been registered, suggesting a predominantly residential focus. Compared to Rest of NSW, Banora Point records markedly lower building activity, at 54.0% below the regional average per person. This scarcity typically strengthens demand and prices for existing properties. The area's level is also under the national average, indicating its established nature and suggesting potential planning limitations.

New development consists of 84.0% detached houses and 16.0% townhouses or apartments, maintaining Banora Point's traditional suburban character with a focus on family homes appealing to those seeking space. Notably, developers are constructing more detached housing than the existing pattern implies (62.0% at Census), reflecting persistent strong demand for family homes amid densification trends. With around 1236 people per dwelling approval, Banora Point reflects a highly mature market. According to AreaSearch's latest quarterly estimate, the area is expected to grow by 562 residents through to 2041. Current construction levels suggest that housing supply should adequately meet demand, creating favourable conditions for buyers while potentially enabling growth that exceeds current forecasts.

Banora Point has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 12 projects expected to impact the region. Notable ones are Altitude Aspire Residential Estate, Rivendell Drive Warehouse and Light Industry Development, Club Banora Master Plan Redevelopment, Rise at Terranora Development. 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.

The labour market in Banora Point shows considerable strength compared to most other Australian regions

Banora Point has a balanced workforce with both white and blue collar jobs. Key sectors include health care & social assistance, retail trade, and construction. As of December 2025, the unemployment rate is 2.5%, lower than Regional NSW's 3.9%.

Workforce participation is 52.4%, compared to Regional NSW's 60.5%. In the past year, employment decreased by 0.2% while labour force decreased by 0.4%, leading to a fall in unemployment rate of 0.2 percentage points. This contrasts with Regional NSW where employment fell by 1.2% and unemployment rose by 0.4 percentage points. Looking at Census responses, 12.5% of residents work from home.

Employment is concentrated in retail trade, which is at 1.4 times the regional average, while agriculture, forestry & fishing shows lower representation at 0.7%. Jobs and Skills Australia's national employment forecasts from May-25 suggest Banora Point's employment should increase by 6.8% over five years and 14.0% over ten years, based on industry-specific projections applied to the local employment mix.

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

AreaSearch's aggregation of latest postcode level ATO data released for financial year ending June 2023 indicates Banora Point had a median taxpayer income of $46,642 and an average income of $58,007. These figures are lower than national averages of $52,390 (median) and $65,215 (average) for Regional NSW. Applying Wage Price Index growth of 10.32% since June 2023, estimated incomes as of March 2026 would be approximately $51,455 (median) and $63,993 (average). According to the 2021 Census, Banora Point's household, family, and personal incomes rank between the 15th and 18th percentiles nationally. Income distribution shows that 28.2% of individuals earn between $1,500 and $2,999 annually, aligning with regional levels at 29.9%. Housing affordability pressures are severe, with only 82.1% of income remaining after housing costs, ranking at the 17th percentile nationally.

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 61.6% houses and 38.4% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Regional NSW's figures of 82.6% houses and 17.4% other dwellings. Home ownership in Banora Point stood at 47.9%, with mortgaged dwellings at 32.6% and rented ones at 19.5%. The median monthly mortgage repayment was $1,871, surpassing Regional NSW's average of $1,733. The median weekly rent in Banora Point was $440, higher than Regional NSW's $330. Nationally, Banora Point's mortgage repayments were higher at $1,871 compared to 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 constitute 69.7% of all households, including 24.3% couples with children, 31.4% couples without children, and 12.9% single parent families. Non-family households comprise the remaining 30.3%, with lone person households at 27.6% and group households comprising 2.7%. The median household size is 2.4 people, which matches the Regional NSW average.

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

The area's university qualification rate is 16.3%, significantly lower than the NSW average of 32.2%. Bachelor degrees are most common at 11.7%, followed by postgraduate qualifications (2.6%) and graduate diplomas (2.0%). Vocational credentials are prevalent, with 40.7% of residents aged 15+ holding such qualifications - advanced diplomas at 11.6% and certificates at 29.1%. A total of 24.5% of the population is actively engaged in formal education, including 8.6% in primary, 7.4% in secondary, and 3.5% in tertiary education.

A substantial 24.5% of the population actively pursues formal education. This includes 8.6% in primary education, 7.4% in secondary education, and 3.5% pursuing tertiary education.

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

Banora Point has 128 active public transport stops serving a mix of bus routes. These are covered by 61 individual routes offering 1,085 weekly passenger trips in total. Residents enjoy excellent transport accessibility with an average distance of 152 meters to the nearest stop. Most commutes from Banora Point are outward-bound, with car being the dominant mode at 96%. The area has a vehicle ownership rate of 1.3 per dwelling, below the regional average. According to the 2021 Census, only 12.5% of residents work from home, which may be influenced by COVID-19 conditions.

Service frequency across all routes averages 155 trips per day, resulting in approximately 8 weekly trips per individual stop. The map provided illustrates the 100 nearest stops to the location's centrepoint.

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 according to AreaSearch's assessment. Mortality rates and chronic condition prevalence are notable across both younger and older age cohorts.

Private health cover is relatively low at approximately 50% of the total population (~8,419 people), compared to the national average of 55.7%. The most common medical conditions are arthritis and mental health issues, affecting 12.3% and 8.4% of residents respectively. 60.0% of residents declare themselves completely clear of medical ailments, compared to 63.3% across Regional NSW. Working-age residents show above average prevalence of chronic health conditions. The area has 29.0% of residents aged 65 and over (4,892 people), which is higher than the 23.4% in Regional NSW. Health outcomes among seniors present some challenges, with national rankings broadly in line with 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's cultural diversity was found to be below average, with 83.9% of its population born in Australia, 91.4% being citizens, and 95.4% speaking English only at home. Christianity is the main religion in Banora Point, comprising 57.8% of people, compared to 55.9% across Regional NSW. The top three ancestry groups are English (33.1%), Australian (27.7%), and Irish (9.5%).

Notably, Scottish representation is higher at 8.7%, New Zealand at 0.8%, and Welsh at 0.6%.

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

Banora Point's median age of 48 years is notably older than Regional NSW's median age of 43 and significantly higher than Australia's median age of 38. The age profile shows that individuals aged 75-84 years make up a particularly prominent group at 10.9%, while those aged 25-34 are comparatively smaller at 9.0% compared to Regional NSW. Post-2021 Census data reveals that the 35-44 age group has grown from 9.7% to 11.7% of the population, and the 15-24 cohort has increased from 10.0% to 11.1%. Conversely, the 55-64 age group has declined from 12.5% to 10.9%, and the 65-74 group has dropped from 14.1% to 12.6%. Demographic modeling indicates that Banora Point's age profile will undergo significant changes by 2041, with the 85+ age cohort projected to grow steadily by 338 people (36%), expanding from 927 to 1,266 individuals. Conversely, population declines are projected for the 15-24 and 65-74 age cohorts.