Ballina, 2478 ranked 277th in NSW when comparing growth in median property values or capital gain over the last 12 months. Ballina is one of 3163 in our list for NSW
Ballina,2478 has offered an average of 18.89% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Ballina is giving property investors an average Vendor Discount of around -4.98%. This puts suburb at number 526th in NSW when ranking the most discounted suburbs.
At number 1901 in a list of fastest selling suburbs, Ballina is just in the bottom half of suburbs in Australia with an average of days on market 75.48 for properties listed there.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.47%, without taking into account capital value appreciation, which has been averaging out at 4.16%.
Over the last year, property investments in Ballina, 2478 have given investors a capital gain of 5.16%. This compares badly with the 8.63% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ballina has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Ballina is offering property investors an average of -4.13. This rate of discount on properties puts Suburb at number 272th in terms of most discounted suburbs in NSW
With the median price for a house in Ballina being $387500 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 5.10%
Situated 80km from the NSW/Queensland border, Ballina has good transport connections by road, rail and air: a particular draw for sea changers is the presence of the Ballina-Byron Gateway airport just outside the town, which carries commercial flights to Melbourne and Sydney.Full summary
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Situated 80km from the NSW/Queensland border, Ballina has good transport connections by road, rail and air: a particular draw for sea changers is the presence of the Ballina-Byron Gateway airport just outside the town, which carries commercial flights to Melbourne and Sydney. A new bypass is also being constructed to take heavy traffic away from the town: this is expected to be fully completed by mid-2012.
It has all the amenities you’d expect in a coastal town – including its own hospital, several schools, a combination of supermarkets and independent grocery stores, and one of Australia’s iconic ‘giant things’ – in this case, a giant prawn. As a popular holiday town, there are also a wide range of leisure activities from kayaking and fishing to ten pin bowling and golf – as well as numerous restaurants and cafes.
The town is a popular location for sea changers and retirees, and experiencing healthy population growth: SQM Research projects growth of 2% pa for the next few years. It’s possible that this could increase, too, as baby boomers retire and head to the coast in greater numbers. The area does suffer from coastal erosion, so while a beachfront property may seem desirable, it may be better to opt for properties a street or two back from the coast
Properties are relatively expensive for a north coast NSW town, albeit nowhere near as expensive as local leader Byron Bay.