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, as of November 2025, Banora Point's estimated population is around 16,965. This reflects an increase of 505 people since the 2021 Census, which reported a population of 16,460. The change was inferred from AreaSearch's estimation of the resident population at 16,720 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, above the average seen across national locations assessed by AreaSearch. Banora Point's growth rate of 3.1% since census positions it within 0.8 percentage points of the SA4 region (3.9%), demonstrating competitive growth fundamentals. Population growth for the area was primarily driven by interstate migration contributing approximately 62.0% of overall population gains during recent periods.

AreaSearch is adopting 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. Examining future population trends, lower quartile growth of national non-metropolitan areas is anticipated, with the area expected to grow by 780 persons to 2041 based on aggregated SA2-level projections, reflecting a gain of 3.1% 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 of ABS building approval numbers, allocated from statistical area data, Banora Point has averaged around 23 new dwelling approvals each year. Over the past five financial years, between FY-21 and FY-25, an estimated 115 homes were approved, with a further 6 approved so far in FY-26. On average, 4 people have moved to the area for each dwelling built over these years, indicating significant demand exceeding new supply.

New homes are being constructed at an average value of $709,000, targeting the premium market segment. This financial year has seen $1.1 million in commercial approvals, suggesting a predominantly residential focus. Compared to Rest of NSW, Banora Point records markedly lower building activity, with 54.0% below the regional average per person. This scarcity typically strengthens demand and prices for existing properties. The area also falls under the national average, indicating its established nature and 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. Looking ahead, AreaSearch's latest quarterly estimate projects Banora Point to grow by 535 residents through to 2041. Given current construction levels, 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 to local infrastructure significantly influence an area's performance. AreaSearch has identified 12 projects likely to impact the area. Major projects include Altitude Aspire Residential Estate, Rivendell Drive Warehouse and Light Industry Development, Club Banora Master Plan Redevelopment, and 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 employment environment in Banora Point shows above-average strength when compared nationally

Banora Point has a balanced workforce with white and blue collar jobs well represented. Key sectors include health care & social assistance, retail trade, and construction.

As of September 2025, the unemployment rate is 2.5%, lower than Rest of NSW's 3.8%. Employment participation lags at 50.7% compared to Rest of NSW's 56.4%. Retail trade shows notable concentration with employment levels at 1.4 times the regional average. Conversely, agriculture, forestry & fishing has lower representation at 0.7%.

The area offers limited local job opportunities, indicated by Census data comparing working population to resident population. Between September 2024 and September 2025, labour force decreased by 2.5% and employment fell by 2.0%, resulting in a 0.5 percentage point drop in unemployment rate. State-level data from 25-Nov-25 shows NSW employment contracted by 0.03% with an unemployment rate of 3.9%. National forecasts suggest employment growth of 6.6% over five years and 13.7% over ten years, but local growth patterns may differ based on industry-specific projections applied to Banora Point's 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 ended 30 June 2023 shows 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). Considering Wage Price Index growth of 8.86% since financial year ended 30 June 2023, estimated incomes for September 2025 would be approximately $50,774 (median) and $63,146 (average). According to 2021 Census figures, household, family, and personal incomes in Banora Point fall between the 15th and 18th percentiles nationally. Income distribution data indicates that 28.2% of individuals earn between $1,500 and $2,999 annually, aligning with regional levels where this cohort represents 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

As per the latest Census evaluation, dwelling structures in Banora Point consisted of 61.6% houses and 38.4% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Non-Metro NSW's 66.3% houses and 33.8% 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, lower than Non-Metro NSW's average of $1,872. The median weekly rent in Banora Point was $440, higher than Non-Metro NSW's figure of $400. 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 account for 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 constitute 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 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's university qualification rate is 16.3%, significantly lower than the NSW average of 32.2%. This indicates a need for targeted educational initiatives. 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 them, including advanced diplomas (11.6%) and certificates (29.1%).

A total of 24.5% of the population is actively engaged in formal education, comprising 8.6% in primary, 7.4% in secondary, and 3.5% in tertiary education.

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

Transport analysis shows 128 active transport stops in Banora Point, with a mix of bus services. These stops are served by 61 individual routes, offering 1,085 weekly passenger trips collectively. Transport accessibility is rated excellent, with residents typically located 152 meters from the nearest stop.

Service frequency averages 155 trips per day across all routes, equating to approximately 8 weekly trips per 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, as indicated by health data. Both younger and older age groups have a notable prevalence of common health conditions.

Approximately 50% of Banora Point's total population (~8,467 people) has private health cover, which is lower than the national average of 55.7%. The most prevalent medical conditions in the area are arthritis (12.3%) and mental health issues (8.4%). In contrast, 60.0% of residents report having no medical ailments, compared to 64.2% across Rest of NSW. The percentage of residents aged 65 and over is 29.0%, or 4,919 people, which is higher than the Rest of NSW average of 26.1%. Despite this, health outcomes among seniors in Banora Point are challenging 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's population showed low cultural diversity, with 83.9% born in Australia, 91.4% being citizens, and 95.4% speaking English only at home. Christianity was the dominant religion, at 57.8%, compared to 51.3% regionally. The top three ancestral groups were English (33.1%), Australian (27.7%), and Irish (9.5%).

Scottish ancestry was notably higher than regional averages, at 8.7%. New Zealand and Welsh ancestries remained similar to regional levels, at 0.8% and 0.6% respectively.

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

Banora Point's median age of 48 years is significantly higher than Rest of NSW's 43 and Australia's median of 38. The age profile shows that those aged 75-84 are particularly prominent, making up 11.0% of the population, compared to 6.0% nationally. Meanwhile, the 25-34 age group is smaller at 9.1%, compared to Rest of NSW's figure. Post-2021 Census data shows that the 35-44 age group grew from 9.7% to 11.4%, while the 0-4 cohort increased from 4.4% to 5.6%. Conversely, the 55-64 cohort declined from 12.5% to 10.9%, and the 65-74 group dropped from 14.1% to 12.6%. Demographic modeling suggests that Banora Point's age profile will evolve significantly by 2041, with the 85+ age cohort projected to grow steadily, expanding by 332 people (36%) from 916 to 1,249. In contrast, population declines are projected for the 75-84 and 15-24 cohorts.