Suburb Profile Report for West Ballina NSW (2478)

West Ballina House: Median price $540,500, Annual capital growth 4.01%, Number of sales 48, Weekly median advertised rent $465

West Ballina Unit: Median price $375,000, Annual capital growth 3.85%, Number of sales 35, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in West Ballina, 2478 should be ok 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 5.98%

Taking the average capital gain, or increase in median house value, West Ballina,2478 has racked up an average of 5.98% over the period. This ranks it number 1267th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in West Ballina are currently offering property investors an average price cut of -4.58% below the asking price at the moment.

Residents and property investors in West Ballina have been waiting around 80 days to sell a property.

With the median price for a house in West Ballina being $540500 and the advertised rent reaching $465 the gross rental yield for property investors calculates out to be 4.47%

Investment property in West Ballina has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.75%

Taking the average capital gain, or increase in median house value, West Ballina,2478 has racked up an average of 4.75% over the period. This ranks it number 1173th in the whole country for real estate investors looking at median house price increases.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.42% offered to property buyers. Sellers in West Ballina itself are offering an average vendor discount of -3.24% to real estate investors.

In the last year 35 properties changed hands in West Ballina, which puts it as the 333th most active market in NSW when comparing the number of sales per suburb.

Property investors should expect to get $390 weekly from the median priced house in this suburb.

HOUSE UNIT
$540,500 $375,000
-5.09% 6.23%
5.98% 4.75%
4.01% 3.85%
$465 $390
48 35
4.47% 5.41%
80 85.89

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (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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