Suburb Profile Report for East Ballina NSW (2478)

East Ballina House: Median price $675,000, Annual capital growth 3.70%, Number of sales 75, Weekly median advertised rent $550

East Ballina Unit: Median price $475,000, Annual capital growth 3.12%, Number of sales 76, Weekly median advertised rent $410

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in East Ballina have tracked just lower than the NSW average of 10.13% over the last 12 months.

East Ballina,2478 was ranked 2670 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in East Ballina should be aiming for at least -4.54% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in East Ballina being $675000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 4.24%

Giving property investors a a solid capital gain of 13.10% for the last year, East Ballina, 2478 is the 334th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, East Ballina,2478 has racked up an average of 13.10% over the period. This ranks it number 388th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in East Ballina 2478 should be seeing an average reduction in asking price of around -3.14% . This means that East Ballina is holding prices well when compared to other suburbs in NSW.

Residents and property investors in East Ballina have been waiting around 70.28 days to sell a property.

The NSW suburb of East Ballina, 2478 is in the Ballina local government area.

Metrics i HOUSE UNIT
$675,000 $475,000
0.00% 9.20%
5.47% 13.10%
3.70% 3.12%
$550 $410
75 76
4.24% 4.49%
78.78 70.28

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5318
Median household income ($/weekly) 1068
Median age of persons 46
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 583 11.0
    35-44 years 631 11.9
    45-54 years 824 15.5
    55-64 years 930 17.5
    65-74 years 519 9.8
    Others 1832 34.4
    Age Group
    Census Count Percent(%)
    Registered Married 2026 49.8
    Not Married 1605 39.5
    Defacto Relationship 434 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4455 88.4
    Papua New Guinea 96 1.9
    South Africa 24 0.5
    United Kingdom 210 4.2
    Other 88 1.7
    Others 166 3.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 80 1.7
    Christianity 3612 74.6
    Hinduism 7 0.1
    Other Religious Groups 24 0.5
    No Religion 1118 23.1
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 242 12.4
    $600-$799 225 11.5
    $800-$999 225 11.5
    $1,250-$1,499 187 9.6
    $1,500-$1,999 277 14.2
    Others 795 40.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1614 37.9
    Employed, worked full-time 1389 32.7
    Employed, worked part-time 930 21.9
    Employed, away from work 180 4.2
    Unemployed, looking for work 140 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 523 20.9
    Technicians & trades workers 348 13.9
    Community & personal service workers 300 12.0
    Clerical & administrative workers 347 13.9
    Sales 330 13.2
    Others 650 26.0
    Occupation
    Census Count Percent(%)
    Pre-school 80 6.9
    Infants/Primary 387 33.4
    Secondary 318 27.5
    Technical or Further Educational Institution 147 12.7
    University or other Tertiary Institutions 201 17.4
    Others 25 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3283 65.8
    Flat, unit or apartment 1019 20.4
    Semi-detached, row or terrace house, townhouse 562 11.3
    Caravan, cabin, houseboat 124 2.5
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 923 43.2
    Rented 674 31.5
    Being purchased 533 24.9
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
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