The subject property is nestled in the heart of the thriving Banyo precinct which enjoys excellent connectivity via major northern arterials such as Nudgee Road, Toombul Road and the Southern Cross Way. The Brisbane Airport is within very close proximity and the CBD is less than 11 radial kilometers away.
The size of Banyo is approximately 5 square kilometres. It has 12 parks covering nearly 15.5% of total area. The population of Banyo in 2011 was 5,607 people. By 2016 the population was 5,864 showing a population growth of 4.6% in the area during that time. The predominant age group in Banyo is 30-39 years. Households in Banyo are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Banyo work in a professional occupation. In 2011, 67.9% of the homes in Banyo were owner-occupied compared with 67% in 2016.
Banyo has 2,952 properties. Over the last 5 years, Houses in Banyo have seen a 94.69% increase in median value, while Units have seen a 56.55% increase. As at 30 September 2024:
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