AREA REPORTS

Banora Point

Suburb Profile

Banora Point - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2486

house
unit

Based on its average 5-year and quarterly capital gains BANORA POINT, 2486 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that BANORA POINT, 2486 obtained a 2.68% growth over a ten-year period. It ranks 2580th on our list of suburbs that property investors should look into.

BANORA POINT, 2486 in NSW belongs to the local government area of Tweed.

BANORA POINT, 2486 has a capital gain of 7.02% for the past year, which is lower than average compared to its 45.24% growth within a five-year period.

With the median home price in BANORA POINT sitting at $610,000, and the average rent at $550, property owners could potentially earn a 4.69% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in BANORA POINT are low, as opposed to average gains per annum over the past five years.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $610,000 $422,250
GROWTH REPORT
Median Quarterly -0.81% -0.53%
Median 12 month 7.02% 8.27%
Median 3 years 28.22% 26.04%
Median 5 years 45.24% 40.28%
10 years average annual 2.68% 2.2%
Weekly media advert. rent $550 $430
Time on Market 65.9 days 52.1 days
Gross Rental Yield Percent 4.69% 5.3%
demographics (median values)
Total Population
14683
Weekly Household Income
766.3
Household Size
2.40
demographics
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