Suburb Profile Report for Ballina NSW (2478)

Ballina House: Median price $460,000, Annual capital growth 2.77%, Number of sales 88, Weekly median advertised rent $450

Ballina Unit: Median price $366,005, Annual capital growth 2.43%, Number of sales 133, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 1959th in the list of Australian suburbs ordered by increase in median house value over the last year, Ballina, 2478 is in the top half with a property value increase of 4.55% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Ballina comes in at number 933th in NSW.

LACK OF BUYER INTEREST may well be the reason that Ballina is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 553th in terms of most discounted suburbs in NSW

On average over the past year, suburb has had 7.33 sales per month, which equates to 88 per year.

Renters in Suburb are facing rents around $5400 per annum or $450 every week.

Over the last year, property investments in Ballina, 2478 have given investors a capital gain of 7.65%. This compares favourably with the 5.59% for NSW as a whole.

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 -4.45. This rate of discount on properties puts Suburb at number 285th in terms of most discounted suburbs in NSW

Residents and property investors in Ballina have been waiting around 64.25 days to sell a property.

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

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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.Full summary

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. 

Close
HOUSE UNIT
$460,000 $366,005
2.22% -1.08%
4.55% 7.65%
2.77% 2.43%
$450 $350
88 133
5.09% 4.97%
84.64 64.25

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
Find a mortgage broker in Ballina NSW
Demographics
Total population 7874
Median household income ($/weekly) 683
Median age of persons 51
Median housing loan repayment ($/monthly) 1560
Average household size 2
  • Census Count Percent(%)
    35-44 years 824 10.5
    45-54 years 930 11.8
    55-64 years 1000 12.7
    65-74 years 915 11.6
    75-84 years 1009 12.8
    Others 3197 40.6
    Age Group
    Census Count Percent(%)
    Not Married 3154 53.4
    Registered Married 2176 36.9
    Defacto Relationship 572 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 6514 89.4
    Papua New Guinea 127 1.7
    Philippines 36 0.5
    United Kingdom 303 4.2
    Other 80 1.1
    Others 228 3.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 84 1.2
    Christianity 5476 77.3
    Islam 12 0.2
    Other Religious Groups 26 0.4
    No Religion 1469 20.7
    Others 16 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 517 15.9
    $400-$599 622 19.1
    $600-$799 498 15.3
    $800-$999 363 11.2
    $1,000-$1,249 287 8.8
    Others 962 29.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3505 55.1
    Employed, worked full-time 1386 21.8
    Employed, worked part-time 1052 16.5
    Unemployed, looking for work 269 4.2
    Employed, away from work 150 2.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 383 14.8
    Technicians & trades workers 391 15.1
    Community & personal service workers 335 13.0
    Sales 314 12.1
    Labourers 394 15.2
    Others 769 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 109 8.9
    Infants/Primary 426 34.8
    Secondary 341 27.8
    Technical or Further Educational Institution 201 16.4
    University or other Tertiary Institutions 112 9.1
    Others 36 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4204 59.3
    Semi-detached, row or terrace house, townhouse 1485 21.0
    Flat, unit or apartment 1365 19.3
    Caravan, cabin, houseboat 11 0.2
    House or flat attached to a shop, office 19 0.3
    Others 4 0.1
    Dwelling Structure
    Census Count Percent(%)
    Rented 1552 45.0
    Fully owned 1249 36.2
    Being purchased 527 15.3
    Other tenure type 121 3.5
    Tenure Type
Census 2011, ABS
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