Suburb Profile Report for West Ballina NSW (2478)

West Ballina House: Median price $510,000, Annual capital growth 3.45%, Number of sales 45, Weekly median advertised rent $488

West Ballina Unit: Median price $397,000, Annual capital growth 5.20%, Number of sales 39, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

West Ballina is in the bottom 10% in NSW when comparing median price capital growth over the last year. West Ballina gave property investors a dismal capital gain figure when compared to the rest of the state, with -5.03%.

Taking the average capital gain, or increase in median house value, West Ballina,2478 has racked up an average of -5.03% over the period. This ranks it number 1700th 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 West Ballina, 2478. Typically our figures indicate that -3.73% is being offered, which puts this NSW suburb at 3243th most discounted overall in Australia.

Often selling an investment property can take time, and in West Ballina the average time real estate has been on the market is 58.87 days.

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

Property investors who have had real estate in West 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 6.15%

Over the longer term, West Ballina has seen property prices show investors a 11.20% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in West Ballina 2478 should be seeing an average reduction in asking price of around -3.43% . This means that West Ballina is holding prices well when compared to other suburbs in NSW.

In the last year 39 properties changed hands in West Ballina, which puts it as the 313th most active market in NSW when comparing the number of sales per suburb.

Situated 413.52km from the CBD, West Ballina is one of Ballina localities in the postcode 2478.

Metrics i HOUSE UNIT
$510,000 $397,000
-5.64% 5.87%
-5.03% 6.15%
3.45% 5.20%
$488 $400
45 39
4.97% 5.24%
58.87 80.18

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 2971
Median household income ($/weekly) 794
Median age of persons 50
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 305 10.3
    35-44 years 298 10.0
    45-54 years 362 12.2
    55-64 years 466 15.7
    65-74 years 476 16.0
    Others 1065 35.8
    Age Group
    Census Count Percent(%)
    Registered Married 1094 47.9
    Not Married 986 43.1
    Defacto Relationship 206 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2540 90.3
    Papua New Guinea 40 1.4
    Thailand 15 0.5
    United Kingdom 105 3.7
    Other 16 0.6
    Others 98 3.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 47 1.7
    Christianity 2261 81.9
    Islam 5 0.2
    Other Religious Groups 7 0.3
    No Religion 438 15.9
    Others 4 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 122 11.2
    $400-$599 189 17.3
    $600-$799 158 14.5
    $800-$999 142 13.0
    $1,000-$1,249 99 9.1
    Others 383 35.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1270 53.7
    Employed, worked full-time 569 24.0
    Employed, worked part-time 369 15.6
    Unemployed, looking for work 88 3.7
    Employed, away from work 70 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 126 12.5
    Technicians & trades workers 145 14.4
    Community & personal service workers 126 12.5
    Clerical & administrative workers 129 12.8
    Labourers 140 13.9
    Others 342 33.9
    Occupation
    Census Count Percent(%)
    Pre-school 46 8.5
    Infants/Primary 164 30.4
    Secondary 191 35.4
    Technical or Further Educational Institution 77 14.3
    University or other Tertiary Institutions 50 9.3
    Others 12 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2053 72.9
    Flat, unit or apartment 417 14.8
    Caravan, cabin, houseboat 191 6.8
    Semi-detached, row or terrace house, townhouse 150 5.3
    House or flat attached to a shop, office 7 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 560 46.8
    Rented 393 32.9
    Being purchased 229 19.1
    Other tenure type 14 1.2
    Tenure Type
Census 2011, ABS
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