Banora Point

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 9.41% growth over a ten-year period. It ranks 272nd 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 8.26% for the past year, which is lower than average compared to its 79.6% growth within a five-year period.

With the median home price in BANORA POINT sitting at $1,180,000, and the average rent at $950, property owners could potentially earn a 4.19% 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.

A steady increase in median property prices over a five-year period in BANORA POINT, 2486 translates to a 27.51% capital gain.

Property investors enjoyed capital gains of 6.67% over the last 12 months in BANORA POINT, translating to lower returns compared with its peers in NSW.

BANORA POINT, 2486 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $832,000.

Profits due to an upward trend in home prices in BANORA POINT, 2486 averaged 9.17% per annum over a 3-year period.

Home owners selling their properties and realtors in BANORA POINT usually have to wait an average of 35.4 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $770 mark, reflecting a 4.81% increase in returns based on the current median price in BANORA POINT.

BANORA POINT, 2486 places 290th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,180,000	$832,000
Growth Report
Median Quarterly	1.51%	1.46%
Median 12 month	8.26%	6.67%
Median 3 years	22.92%	27.51%
Median 5 years	79.6%	78.92%
10 years average annual	9.41%	10.06%
Weekly media advert. rent	$950	$770
Time on Market	41.1 days	35.4 days
Gross Rental Yield Percent	4.19%	4.81%

Demographics (Median Values)*

Total Population 31594

Weekly Household Income 1069

Household Size 2.40

Average Age 48

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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