Giving property investors a a stable capital gain of 10.67% for the last year, Ballina, 2478 is the 1139th highest performer in Australia in this respect.
Over the longer term, Ballina has seen property prices show investors a 28.76% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Ballina 2478 should be seeing an average reduction in asking price of around -5.50% . This means that Ballina is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Ballina have been waiting around 86.62 days to sell a property.
Renters in Suburb are facing rents around $5400 per annum or $450 every week.
Ballina has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.14% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ballina has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Ballina are currently offering property investors an average price cut of -3.43% below the asking price at the moment.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 3.78%, investors should hope to achieve an overall return of 4.93%
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
Information supplied by:
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.