Property investors who have had real estate in Ballina, 2478 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.11%
If we look at median property appreciation over just the last three months, Ballina has given property investors a paper return of 4.71%. This puts Suburb as 439 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -5.39% to buyers in Ballina at the moment, which is less than average for the rest of NSW.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
Ballina is in the TOP 30% 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 12.90%.
Taking the average capital gain, or increase in median house value, Ballina,2478 has racked up an average of 12.90% over the period. This ranks it number 389th in the whole country for real estate investors looking at median house price increases.
Ballina, 2478 is offering NSW ‘s 340th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.
Residents and property investors in Ballina have been waiting around 66.12 days to sell a property.
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.