Why is Banora point cheaper than other suburbs thankyou

The opinions expressed here are those of the individual and not those of Homely.com.au.
3 people following
this question
Report

2 Answers

pennya7 2yrs+
Banora Point is predominantly populated by retirees and elderly with multiple nursing homes and retirement villages. I asked the same question when I moved up from Sydney. Simply put, more people choose to pay a premium to live in what developers call a "modern Estate" which is in reality: narrow streets, no backyard and the next door neighbour's roof 1 meter away from theirs.
Banora Point offers everything from budget housing to multi million dollar mansions. Demand for Banora Point is minimal which will always reflect house prices. This is why I bought here, quiet, beautiful, virtually no crime. Overall a very under rated suburb, of which I took full advantage of.
1 vote
Report
The opinions expressed here are those of the individual and not those of Homely.com.au.
Sandi Walker Mar 14, 2021
At the moment (early 2021) Banora is hitting peak prices along with most neighbouring suburbs since borders have been opening up. Any suburb can generate high sale prices so long as the market supports this and Banora is one of those places now where a lot of interstate buyers recognise that they can offer above sale-price and are buying up big. Tweed Heads postcode usually generates higher prices but sales in Banora have been going thru the roof.....
0 votes
Report
The opinions expressed here are those of the individual and not those of Homely.com.au.

Your answer