Suburb Profile Report for West Ballina NSW (2478)

West Ballina House: Median price $540,500, Annual capital growth 4.24%, Number of sales 48, Weekly median advertised rent $440

West Ballina Unit: Median price $375,000, Annual capital growth 3.47%, Number of sales 36, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 7.03% for the last 12 months, West Ballina, 2478 has performed for property investments than its average annual 4.24% property growth over the last 5 years.

Across a shorter period, West Ballina, 2478 has seen a median price increase of -1.59% over the last quarter.

Property investors looking for a bargain in West Ballina should be aiming for at least -4.43% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in West Ballina the average time real estate has been on the market is 79.93 days.

Advertised rents are around the $440 mark per week – giving a return of 4.23% based on the median price in Suburb

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 7.91%

When looking at the potential capital gains offered to property investors over the last 3 years, West Ballina comes in at number 514th in NSW.

At number 334th of NSW’s most discounted properties, West Ballina is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Renters in Suburb are facing rents around $4680 per annum or $390 every week.

Metrics i HOUSE UNIT
$540,500 $375,000
-1.59% N/A
7.03% 7.91%
4.24% 3.47%
$440 $390
48 36
4.23% 5.41%
79.93 90.09

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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