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

Based on analysis of ABS population updates for the broader area, and new addresses validated by AreaSearch, the suburb of Banora Point's population is estimated at around 16,965 as of Feb 2026. This reflects an increase of 505 people (3.1%) since the 2021 Census, which reported a population of 16,460 people. The change is inferred from the resident population of 16,720, estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 10 validated new addresses since the Census date. This level of population equates to a density ratio of 1,832 persons per square kilometer, which is above the average seen across national locations assessed by AreaSearch. Banora Point's 3.1% growth since census positions it within 1.0 percentage points of the SA4 region (4.1%), demonstrating competitive growth fundamentals. Population growth for the area was primarily driven by interstate migration that contributed approximately 62.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the NSW State Government's SA2 level projections, as released in 2022 with 2021 as the base year. Growth rates by age group from these aggregations are also applied to all areas for years 2032 to 2041. As we examine future population trends, lower quartile growth of national non-metropolitan areas is anticipated, with the suburb expected to grow by 786 persons to 2041 based on aggregated SA2-level projections, reflecting a gain of 3.2% in total 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

Based on AreaSearch analysis using ABS building approval numbers from statistical area data, Banora Point averaged approximately 23 new dwelling approvals per year. Between FY-21 and FY-25, an estimated 115 homes were approved, with a further 7 approved in FY-26 to date. This results in around 3.9 people moving to the area annually for each dwelling built over these five financial years, indicating significant demand exceeding new supply.

New homes are being constructed at an average expected cost of $709,000, 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 55.0% below the regional average per person. This scarcity typically strengthens demand and prices for existing properties. The area's established nature is also evident when measured against the national average, potentially indicating 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 despite densification trends. With around 1235 people per dwelling approval, Banora Point reflects a highly mature market. Looking ahead, AreaSearch's latest quarterly estimate projects Banora Point to grow by 541 residents through to 2041. Given current construction levels, housing supply is expected to 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

Local infrastructure changes significantly influence an area's performance. AreaSearch identified 12 projects likely impacting the area. Notable projects include Altitude Aspire Residential Estate, Rivendell Drive Warehouse and Light Industry Development, Club Banora Master Plan Redevelopment, Rise at Terranora Development. Relevant projects are listed below.

Professional plan users can use the search below to filter and access additional projects.

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

Banora Point has a balanced workforce consisting of both white and blue collar jobs. Essential services sectors are well represented in the area. The unemployment rate is 2.5%, lower than Regional NSW's rate of 3.9%.

Employment stability has been maintained over the past year. As of December 2025, 7,232 residents are employed, with an unemployment rate of 1.4% below the regional average. Workforce participation is at 53.5%, lower than Regional NSW's 61.3%. According to Census responses, only 12.5% of residents work from home.

Employment is concentrated in health care & social assistance, retail trade, and construction sectors. Retail trade employment levels are particularly high, at 1.4 times the regional average. Conversely, agriculture, forestry & fishing shows lower representation, at 0.7% compared to the regional average of 5.3%. The area offers limited local employment opportunities, as indicated by the ratio of Census working population to resident population. Over a 12-month period ending in December 2025, labour force decreased by 0.3%, while employment decreased by 0.1%, resulting in an unemployment rate fall of 0.2 percentage points. This contrasts with Regional NSW where employment fell by 1.2%, labour force contracted by 0.8%, and unemployment rose by 0.4 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 project national 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, based on simple weighting extrapolation for illustrative purposes only.

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

According to AreaSearch's aggregation of the latest postcode level ATO data released for financial year 2023, Banora Point had a median income among taxpayers 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. Based on Wage Price Index growth of 8.86% since financial year 2023, estimated median income in Banora Point as of September 2025 would be approximately $50,774, with average income at around $63,146. According to the 2021 Census, household, family, and personal incomes in Banora Point fall between the 15th and 18th percentiles nationally. Income distribution data shows that 28.2% of individuals in Banora Point earn within the $1,500 - $2,999 band (4,784 individuals), which is similar to regional levels where this cohort represents 29.9%. Housing affordability pressures are severe in Banora Point, 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 structure, as per the latest Census, consisted of 61.6% houses and 38.4% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Regional NSW's 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, higher than Regional NSW's average of $1,733. Median weekly rent in Banora Point was $440, compared to Regional NSW's $330. Nationally, Banora Point's mortgage repayments were slightly higher at $1,871 versus Australia's average of $1,863, while rents were substantially higher at $440 compared to the national figure of $375.

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

Family households account for 69.7% of all households, consisting of 24.3% couples with children, 31.4% couples without children, and 12.9% single parent families. Non-family households constitute the remaining 30.3%, with lone person households at 27.6% and group households comprising 2.7% of the total. The median household size is 2.4 people, which aligns with 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%. This disparity presents both challenges and opportunities for targeted educational initiatives. Bachelor degrees are the most common at 11.7%, followed by postgraduate qualifications (2.6%) and graduate diplomas (2.0%). Trade and technical skills are prevalent, with 40.7% of residents aged 15+ holding vocational credentials - advanced diplomas (11.6%) and certificates (29.1%).

A substantial 24.5% of the population is actively engaged in 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, all serving buses. These stops are covered by 61 different routes, offering a total of 1,085 weekly passenger trips. The average distance to the nearest stop for residents is 152 meters, indicating excellent accessibility. Most commutes from Banora Point are outward-bound, with cars being the primary mode of transport at 96%. On average, there are 1.3 vehicles per dwelling, lower than the regional average. According to the 2021 Census, only 12.5% of residents work from home, which may be influenced by COVID-19 conditions.

The service frequency averages 155 trips per day across all routes, equating to roughly 8 weekly trips per stop. A map accompanies this data, displaying the 100 nearest stops to the location's centrepoint.

Health performance in Banora Point is lower than average with common health conditions somewhat prevalent 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 somewhat prevalent across both younger and older age cohorts.

The rate of private health cover is relatively low at approximately 50% of the total population (~8,467 people), compared to the national average of 55.7%. The most common medical conditions in the area are arthritis and mental health issues, impacting 12.3 and 8.4% of residents respectively. 60.0% of residents declared 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 28.0% of residents aged 65 and over (4,750 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, as per the census conducted on Tuesday 10 June 2008, exhibited a lower level of cultural diversity compared to the average. It was reported that 83.9% of its population were born in Australia, with 91.4% being citizens and 95.4% speaking English as their primary language at home. Christianity emerged as the dominant religion in Banora Point, accounting for 57.8% of the population, which is slightly higher than the regional average of 55.9%.

When considering ancestry based on parents' country of birth, the top three groups were English (33.1%), Australian (27.7%), and Irish (9.5%). Notably, there was an overrepresentation of Scottish ancestry in Banora Point at 8.7%, compared to the regional average of 8.0%. Similarly, New Zealand ancestry was higher at 0.8% than the regional average of 0.4%, and Welsh ancestry was also slightly higher at 0.6% versus the regional average of 0.5%.

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

Banora Point's median age is 48 years, which is older than Regional NSW's median of 43 years and significantly higher than Australia's median of 38 years. The age profile shows that the 75-84 year-olds are particularly prominent at 10.6%, while the 25-34 year-olds make up only 9.4% of the population, compared to Regional NSW. Post-2021 Census data indicates a shift in median age down by 1.1 years to 48. Notable shifts include the 35-44 age group growing from 9.7% to 11.8%, and the 0-4 cohort increasing from 4.4% to 5.7%. Conversely, the 65-74 cohort declined from 14.1% to 12.2%, and the 55-64 group dropped from 12.5% to 10.9%. Population forecasts for Banora Point in 2041 indicate substantial demographic changes, with the 85+ cohort projected to grow by 40%, adding 351 residents to reach 1,234. Meanwhile, both the 65-74 and 15-24 age groups are expected to see reduced numbers.