Thinking about buying in Banyo? Now could not be a better time, with a whopping 3715 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $915,000 with prices in this suburb ranging from $172,000 to $130,857,000.Distance to the coast is 1 Km.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Banyo are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Banyo classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Banyo necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|Median Weekly Rent||$424.25|
|Median Monthly Mortgage||$2086.25|
|Median Persons Per Bedroom||0.80|
|Average Household Size||3.00|
|Average Cars Per Dwelling||1.85|
|Average Properties Within 50M||16|
|1 Bed $582,000|
|2 Bed $749,000|
|3 Bed $1,237,000|
|4 Bed $1,064,000|
|5 Bed $1,269,000|
|25 HAZLITT ST, BANYO, QLD, 4014||3||1||1||Auction in Rooms on Friday 22nd September|
St Pius' Primary School
Earnshaw State College
Virginia State School
St Joseph's Nudgee College
Northgate State School
Geebung Special School
St Kevin's School
Geebung State School(While the above schools are located with the suburb of Banyo there may also be nearby schools whose catchments cover this suburb)
Incidents Trend State Average
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source: Australian Government Bureau of Meteorology
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