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Investment Property Banora Point, NSW, 2486

Suburb Snapshot

Banora Point is a suburb in the Tweed Region of New South Wales. Banora Point has a population of 16,169 people and 19.20% of its occupants live in rental accommodation. The median listing price for houses is $1,090,000 and this has changed 21.11% over the past year and changed 21.11% over 2 years.

The median rent in Banora Point for houses is $850 per week and the median rental yield is 4.05%. Stock on the market for houses/townhouses has changed 12.96% compared to last year and the average time to sell a house/townhouse is 47 days.The median listing price for units is $600,000 and this has changed 6.19% over the past year. The average unit takes 91 days to sell and the median rent for a unit in Banora Point is $700 per week, producing a rental yield of 6.06%.

Supply & Demand in Banora Point, Tweed

0.31%

Current vacancy rate


23

Rental stock available


16,169

Population


19.20%

Rental population


0.55%

Current vacancy rate


260

Rental stock available


91,371

Population


23.21%

Rental population


1.02%

Current vacancy rate


37,155

Rental stock available


7,480,223

Population


27.79%

Rental population


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Statistical data for Banora Point, Tweed

  House Townhouses Units
Median listing price $1,090,000 $760,000 $600,000
Median price change - last quarter 5.00% 4.16% -1.28%
Median price change - 1 year 21.11% 21.21% 6.19%
Median price change - 2 years 21.11% 22.58% NA
  House Townhouses Units
Median weekly rent $850 $720 $700
Median yield % 4.05% 4.92% 6.06%
Median rent change - 1 year 6.25% 10.76% 22.80%
  House Units
Previous month sales 14 2
Stock on market previous month 61 19
Stock variance vs. last year 12.96% 72.73%
Average days on market 47 91

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