Ballina is an average performer in NSW when comparing median price capital growth over the last year. Ballina gave property investors a average capital gain figure when compared to the rest of the state, with 5.91%.
If we look at median property appreciation over just the last three months, Ballina has given property investors a paper return of -0.53%. This puts Suburb as 1142 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for Ballina is $466000, with sellers offering an average of -5.80% off the asking price.
In the last year 97 properties changed hands in Ballina, which puts it as the 298th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $450 mark per week – giving a return of 5.02% based on the median price in Suburb
At number 453th in the list of Australian suburbs ordered by increase in median house value over the last year, Ballina, 2478 is in the top 30% with a property value increase of 8.82% recorded in median house prices.
Comparing Ballina,2478 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Ballina is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 297th in terms of most discounted suburbs in NSW
Ballina, 2478’s gross rental yield is 5.06%
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.