Is Banora Point a nice place to live?

Banora Point sits beside the Tweed River and a network of canals, with many canal-front homes, river boat ramps and riverside walking paths shaping its outdoor life. The community is older, with incomes below the NSW median and 47.9% of homes owned outright. Local shops, sports fields and community facilities meet everyday needs, and the council-operated Banora Point Community Centre hosts the Fun Activities for Banora Seniors program. Banora Point is also included in state planning for upgrades to the M1/Pacific Motorway corridor, with planning funding allocated to progress modelling and concept designs that include targeted investigations at Darlington Drive.

Is it expensive to live in Banora Point?

On the figures, a typical local household earned about $1,268 a week at the most recent Census. In Banora Point, average house rent is $950 a week and unit rent is $750 a week, which would take about 75% and 59% respectively of a typical local household's weekly income. The median house price of $1,200,000 is about 18.2 times a typical local annual household income, and the median unit price of $865,000 is about 13.1 times annual income. Put another way, on these figures renting would take a large share of a typical local household's income, and buying sits well above local incomes. Which of those matters more depends on whether you're looking to rent or to buy. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Banora Point a good place to invest?

The most notable movement in Banora Point is in houses: house values climbed 13.2% over the past 12 months while house rents rose 11.8%. Units also recorded solid gains over the same period, with unit values up 9.0% and unit rents up 8.7%. Put simply, value growth edged out rental growth in both parts of the market here—house value increases were slightly larger than house rent increases, and the same pattern held for units. This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

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Banora Point suburb profile

Banora Point is a residential suburb in the Tweed Heads region of northern New South Wales, sitting beside the Tweed River and a network of canals. Its streets are largely low-rise, with many single-storey homes and canal-front properties, interspersed with pocket reserves and riverfront parkland that support boating and riverside walks.

The suburb has local shops, community facilities and sports fields, with river boat ramps and walking paths shaping much of its outdoor life. Road links to the Pacific Motorway connect Banora Point to the wider Tweed region, while nearby town centres provide larger retail and service options.

Banora Point property market performance

Current median dwelling price$1,032,500Past 3 months

Property growth+11.1%Past 12 months

Banora Point's median house price is $1.2 million, up 13.2% over 12 months, a sharp rise. The median unit price is $865,000, up 9.0% over 12 months, a solid rise. House values rose faster than unit values, and houses and units sold in much the same time, with medians of 28 and 30 days on market respectively.

In Banora Point, house rents rose 11.8% over 12 months, a strong rise, to $950 a week.

	Houses	Units
Median price Past 3 months	$1.20M	$865K
Change in value Past 12 months	13.2%	9.0%
Sold Past 3 months	68	12
Median days on market Past 12 months	28	30
Average rent Past 12 months	$950	$750
Change in rent Past 12 months	11.8%	8.7%

5 year median price trend for houses and units

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Banora Point demographics

Banora Point is an older community with incomes below the median for NSW and many households owning their homes outright.

Couples without children are the largest family group at 45.5% of families, and 47.9% of homes are owned outright. At the 2021 Census 16,460 people lived in Banora Point.

Banora Point and NSW

	Suburb	NSW
Median age years	49	39
Median household income weekly	$1,268	$1,829
Couples with children share of families	34.3%	44.7%
Couples without children share of families	45.5%	37.9%
One-parent families share of families	18.7%	15.8%
Homes owned outright share of homes	47.9%	32.6%
Homes with a mortgage share of homes	32.6%	33.6%
Homes rented share of homes	19.5%	33.7%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Banora Point infrastructure, key developments and investment opportunities

Banora Point is included in state planning for upgrades to the M1/Pacific Motorway corridor, with the NSW Government allocating planning funding in 2026 to progress modelling and concept designs that include targeted investigations at Darlington Drive, Banora Point.

The long-running Pacific Highway – Banora Point road project remains on record as approved in 2009. In 2023 Tweed Shire Council sought community feedback on the future of the Banora Point Community Centre; the centre is operated by council and hosts the Fun Activities for Banora Seniors program.

Suburbs near Banora Point

Some popular suburbs near Banora Point include:

How does Banora Point compare to nearby suburbs?

Median house prices: Banora Point’s median house price is 23.4% higher than Tralee’s.
Median unit prices: Banora Point’s median unit price is 1.8% higher than Tweed Heads South’s.
House price growth: Over the past 12 months, house prices in Banora Point have grown 1.4% higher than in Tralee.
Unit price growth: Property prices in nearby Tweed Heads South have risen 2.7% more than in Banora Point over the past year.
Selling speed for houses: Properties in Banora Point are selling 74.8% faster than in Tralee.
Selling speed for units: Properties in nearby Tweed Heads South are selling 30.0% faster than in Banora Point.

Common questions about Banora Point

Is Banora Point a nice place to live?
Banora Point sits beside the Tweed River and a network of canals, with many canal-front homes, river boat ramps and riverside walking paths shaping its outdoor life.

The community is older, with incomes below the NSW median and 47.9% of homes owned outright. Local shops, sports fields and community facilities meet everyday needs, and the council-operated Banora Point Community Centre hosts the Fun Activities for Banora Seniors program. Banora Point is also included in state planning for upgrades to the M1/Pacific Motorway corridor, with planning funding allocated to progress modelling and concept designs that include targeted investigations at Darlington Drive.
Is it expensive to live in Banora Point?
On the figures, a typical local household earned about $1,268 a week at the most recent Census. In Banora Point, average house rent is $950 a week and unit rent is $750 a week, which would take about 75% and 59% respectively of a typical local household's weekly income. The median house price of $1,200,000 is about 18.2 times a typical local annual household income, and the median unit price of $865,000 is about 13.1 times annual income.

Put another way, on these figures renting would take a large share of a typical local household's income, and buying sits well above local incomes. Which of those matters more depends on whether you're looking to rent or to buy.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Banora Point a good place to invest?
The most notable movement in Banora Point is in houses: house values climbed 13.2% over the past 12 months while house rents rose 11.8%. Units also recorded solid gains over the same period, with unit values up 9.0% and unit rents up 8.7%.

Put simply, value growth edged out rental growth in both parts of the market here—house value increases were slightly larger than house rent increases, and the same pattern held for units.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

Choose the right real estate agents in Banora Point

Choosing the right real estate agent in Banora Point can have a big impact on your sale. While there are 95 real estate agents working in the suburb, but just 5 of them were responsible for 29.1% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.88% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.