Suburb report · NSW 2486
Banora Point
Prepared by the property strategists at Chase Wealth Australia
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Population
17,001
Banora Point suburb profile
Who lives in Banora Point
Banora Point is a regional centre 666km from the Sydney CBD. With 17,001 residents, Banora Point is in the largest fifth of New South Wales suburbs, well above the 4,135 of the median suburb. Among the 763 New South Wales suburbs and towns more than 40km from the Sydney CBD, it ranks 17 by population. Banora Point has one of the older populations in New South Wales, a median age of 48 against 40 statewide. Of the 763 New South Wales suburbs and towns more than 40km from the Sydney CBD, 564 have a younger median age.
Income and home ownership
Median household income is $74,200, below the $104,500 of the median New South Wales suburb. On household income it ranks 511 of 763 New South Wales suburbs and towns more than 40km from the Sydney CBD. 80.5% of households own their home, higher than 72% of New South Wales suburbs, and 19.5% rent. 227 of the 763 New South Wales suburbs and towns more than 40km from the Sydney CBD have a higher ownership share.
Household mix
The 2021 Census counted 6,535 occupied private dwellings in Banora Point, one of the larger housing stocks in New South Wales. Families with children are the largest household type at 38.4%, ahead of couples without children at 31.4% and people living alone at 27.6%. Among New South Wales suburbs and towns more than 40km from the Sydney CBD, 281 of 761 have a smaller share of families with children than Banora Point. The 38.4% share of families with children sits below most of New South Wales, at the 30th percentile. The 31.4% share of couples without children is among the highest in New South Wales.
Housing supply
Approvals have fallen sharply: 15 new dwellings were approved across the Banora Point statistical area in the year to June 2025, against its 2020 to 2024 average of 28 a year. Supply figures here are for the Banora Point statistical area, home to 16,796 residents in 2025, which closely matches Banora Point. Per head of population the pipeline is thin: 0.9 approvals per 1,000 residents of that area against 3 for the median New South Wales area. Over the 6 years to June 2025, annual approvals ranged from 14 in 2024 to 40 in 2021.
Population trend
The population of the Banora Point statistical area grew 3.6% from 2020 to 2025, against 5.9% for New South Wales as a whole. Over those 5 years a typical New South Wales statistical area added 2.5%, putting this area 1.1 points ahead. That rate is faster than 59% of New South Wales statistical areas. The fastest single year was to 2022, at 1.2%, and the slowest to 2021, at 0.3%.
Against its neighbours
Of the suburbs profiled in the region listed below, Grafton differs most on the owner-occupied share: 65% there against 80.5% in Banora Point. Goonellabah is the closest match on the median household income, at $73,300 against $74,200. Casino, 86km away, has 10,883 residents and a median household income of $58,500.
Location
Demographics
ABS Data by Region to 2025, on ABS Census 2021 suburb baselineHousehold Mix Census 2021
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Reading this report
Every figure in the Banora Point data table is dated at its source. Supply and population change cover the Banora Point statistical area, whose boundary differs from Banora Point's, and our guide to reading a suburb report explains how our buyers agents weigh them.
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This report is market intelligence prepared by Chase Wealth Australia for general information only. Figures are statistical estimates for the suburb, not valuations of any individual property, and do not constitute financial or credit advice. Consider your circumstances and seek professional advice before acting. Demographic figures are sourced from the Australian Bureau of Statistics, Census 2021 (licensed CC BY 4.0) where available.