Banana is a quiet locality in Queensland within the Banana local government area (postcode 4702). With a population of 348, the suburb has an established demographic with a median age of 40. Households earn a median income of $97K per year, with an average household size of 2.6 people. The most common occupations are managers, machinery operators & drivers, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Banana is $230,000, having surged 21.1% over the past year. Units have a median price of $252,000. The median weekly rent is $250 (Census 2021). This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $1,250.
Banana is served by 1 school, including 1 primary. The average ICSEA score is 941, which is below the national average of 1,000. The crime rate in the Banana LGA is moderate at 4,596 incidents per 100,000 population.
From an investment perspective, Banana offers a gross rental yield of 5.7%, rated as high yield. Property prices sit below the state median ($230K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 2.4x is considered affordable. House prices have moved +21.1% year-on-year.
Banana is a quiet locality in Queensland within the Banana local government area (postcode 4702). With a population of 348, the suburb has an established demographic with a median age of 40. Households earn a median income of $97K per year, with an average household size of 2.6 people. The most common occupations are managers, machinery operators & drivers, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Banana is $230,000, having surged 21.1% over the past year. Units have a median price of $252,000. The median weekly rent is $250 (Census 2021). This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $1,250.
Banana is served by 1 school, including 1 primary. The average ICSEA score is 941, which is below the national average of 1,000. The crime rate in the Banana LGA is moderate at 4,596 incidents per 100,000 population.
From an investment perspective, Banana offers a gross rental yield of 5.7%, rated as high yield. Property prices sit below the state median ($230K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 2.4x is considered affordable. House prices have moved +21.1% year-on-year.