Property value increases in Ballina have tracked just higher than the NSW average of 10.55% over the last 12 months.
Taking the average capital gain, or increase in median house value, Ballina,2478 has racked up an average of 15.33% over the period. This ranks it number 1393th in the whole country for real estate investors looking at median house price increases.
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 -5.38% is being offered, which puts this NSW suburb at 2002th most discounted overall in Australia.
With the median price for a house in Ballina being $519000 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 4.61%
With a capital gain of 7.04% for the last 12 months, Ballina, 2478 has performed for property investments than its average annual 4.00% property growth over the last 5 years.
Comparing Ballina,2478 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Ballina is $387500, with sellers offering an average of -3.42% off the asking price.
Ballina is 94th on a list of best yielding suburbs for rents in NSW with a 4.97% return
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.