Banana Shire, QLD

The Shire of Banana is a local government area in Queensland’s Capricorn region. The region is a major growing area for the state with a high-quality fruit crop, especially bananas. The real estate market in Banana Shire is considered to be ‘‘balanced’’ market.

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The economy of Banana Shire is strongly influenced by agriculture. The main agricultural activities are cattle grazing, dairying and cropping. The main sources of employment in the shire are small businesses in the towns.

The most common employment in Banana are Managers (20.3%), Technicians and Trades Workers (16%), Labourers (15.4%), Machinery Operators and Drivers (14.1%), and Professionals (9.9%). Banana LGA has a median weekly personal income of $714 for those aged 15 and above.

While there are some residential areas, the majority of the population is employed in the agricultural sector. The region is also popular for retirees, thanks to its affordable housing and quiet lifestyle. The market for investment in Banana Shire is primarily limited to agricultural land and residential properties. The region is expected to experience strong capital growth in the coming years as retirees and young families continue to flock to the area.

Separate homes account for 92.6 % of occupied private residences in Banana, while semi-detached, row or terrace houses, townhouses, and other buildings account for 1.2 %, flats or apartments account for 3.6 %, and other dwellings account for 1.7 %.

Wondering where to invest in the Banana Shire LGA? Review the property market metrics using the interactive dashboard below.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Yield chart
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Demand chart
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unit to houses pie charts
Renters to owners pie chart
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IRSAD chart
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Index chart
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GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

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SOM chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

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DOM chart
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Inventory chart
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Auction chart

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Property Market in Banana Shire, QLD

What other property markets are there near Banana Shire, QLD?

Banana Shire is surrounded by 5 other council areas – Maranoa, Gladstone, Central Highlands, Western Downs, North Burnett.

How many people live in Banana Shire, QLD?

There are approximately 14500 people living in roughly 7000 dwellings in total, with an average household size of 2.6.

What major retailers are there in Banana Shire, QLD?

There are main retailers such as The Reject Shop, Roundyard – All Things Country, Drakes Biloela, Biloela Mitre 10.

What is the main industry in Banana Shire, QLD?

Such sectors as coal mining, beef production, power generation, dryland cropping and irrigation cropping take the largest part of the employment.

What are the dominant demographic groups in Banana Shire, QLD?

Among approximately 14500 people in males and females make roughly 51% and 49% respectively. The median age of people is 37 years. Children aged 0-14 years account for approximately 22% of the population, and those aged 65+ years account for 14%.

How is unemployment rate trending in Banana Shire, QLD?

Among approximately 7500 people employed, roughly 66% work full-time, 24% work part-time, and an estimated 4% are unemployed.

Suburbs/localities in this Local Government Area: Eurombah 4420, Ghinghinda 4420, Glebe 4419, Glenhaughton 4420, Glenmoral 4719, Goovigen 4702, Greycliffe 4715, Gwambegwine 4420, Banana 4702, Isla 4719, Baralaba 4702, Kianga 4718, Kinnoul 4420, Kokotungo 4702, Lawgi Dawes 4716, Lonesome Creek 4719, Baroondah 4420, Mount Murchison 4715, Moura 4718, Alberta 4702, Orange Creek 4715, Pheasant Creek 4702, Prospect 4715, Roundstone 4718, Biloela 4715, Spring Creek 4420, Taroom 4420, Tarramba 4715, Thangool 4716, Theodore 4719, Ulogie 4702, Valentine Plains 4715, Warnoah 4718, Westwood 4702, Woolein 4702, Wowan 4702, Jambin 4702, Broadmere 4420, Callide 4715, Camboon 4719, Castle Creek 4715, Cockatoo 4419, Coorada 4420, Cracow 4719, Dakenba 4715, Dixalea 4702, Dululu 4702, Dumgree 4715, Dumpy Creek 4702

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