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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 $1,050,000 and this has changed 16.66% over the past year and changed 14.13% over 2 years.

The median rent in Banora Point for houses is $850 per week and the median rental yield is 4.20%. 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 64 days.The median listing price for units is $582,500 and this has changed 0.43% over the past year. The average unit takes 77 days to sell and the median rent for a unit in Banora Point is $710 per week, producing a rental yield of 6.33%.

Supply & Demand in Banora Point, Tweed

0.10%

Current vacancy rate


7

Rental stock available


16,169

Population


19.20%

Rental population


0.50%

Current vacancy rate


237

Rental stock available


91,371

Population


23.21%

Rental population


1.02%

Current vacancy rate


37,030

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 $1,050,000 $750,000 $582,500
Median price change - last quarter 5.00% 4.16% -1.28%
Median price change - 1 year 16.66% 19.61% 0.43%
Median price change - 2 years 14.13% 21.06% NA
  House Townhouses Units
Median weekly rent $850 $720 $710
Median yield % 4.20% 4.99% 6.33%
Median rent change - 1 year 6.91% 10.76% 23.47%
  House Units
Previous month sales 10 5
Stock on market previous month 47 13
Stock variance vs. last year -12.96% -7.14%
Average days on market 64 77

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