Ballina, 2478 ranked 869th in NSW when comparing growth in median property values or capital gain over the last 12 months. Ballina is one of 3162 in our list for NSW
Comparing Ballina,2478 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ballina, 2478. Typically our figures indicate that -5.44% is being offered, which puts this NSW suburb at 2199th most discounted overall in Australia.
Residents and property investors in Ballina have been waiting around 62.16 days to sell a property.
Ballina is an average performer in NSW when comparing median price capital growth over the last year. Ballina gave property investors a good capital gain figure when compared to the rest of the state, with 11.08%.
Comparing Ballina,2478 ‘s 5year and quarterly average capital gain offered to property investors, it performed the same across the longer period
At number 203th of NSW’s most discounted properties, Ballina is in the middle of the state/territory when listing in order of most discounted to least.
At number 576 in a list of fastest selling suburbs, Ballina is in the TOP 40% of suburbs in Australia with an average of days on market 64.91 for properties listed there.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.
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.