Banana Real Estate, QLD, 4702 Banana

Thinking about buying in Banana? Now could not be a better time, with a whopping 13190 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $312,000 with prices in this suburb ranging from $163,000 to $831,000.

Distance to the coast is 59 Km.

Banana Real Estate Market Outlook

In Banana there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Banana due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Banana provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Banana necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Banana the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.



Local Schools

Westwood State School

Taroom State School

Theodore State School

Theodore Primary School

Banana State School

Baralaba State School

Moura State School

Moura State High School

Biloela State School

Biloela State High School

St Joseph's Catholic Primary School

Redeemer Lutheran College

Prospect High School

Ebenezer Christian College

Prospect Creek State School

Prospect Primary School

Blackfriars Priory School

Rosary School

Prescott College

Prospect North Primary School

Thangool State School

Goovigen State School

(While the above schools are located with the suburb of Banana there may also be nearby schools whose catchments cover this suburb)

Local Crime Stats

Average Local Climate by month

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source: Australian Government Bureau of Meteorology

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