Over the last year, property investments in Ballina, 2478 have given investors a capital gain of 6.98%. This compares averagely with the 7.15% for NSW as a whole.
Over the longer term, Ballina has seen property prices show investors a 20.26% return over the last 3 years. This is worse than over the last 12 months
Ballina, 2478 is offering NSW ‘s 569th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
Residents and property investors in Ballina have been waiting around 76.7 days to sell a property.
Property investors should expect to get $430 weekly from the median priced house in this suburb.
Ballina has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 9.26% to date .
If we look at median property appreciation over just the last three months, Ballina has given property investors a paper return of 2.38%. This puts Suburb as 169 on a list of fastest fasting appreciating suburbs in NSW
At number 228th of NSW’s most discounted properties, Ballina is in the middle of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 11.92 sales per month, which equates to 143 per year.
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.