Suburb Profile Report for West Ballina NSW (2478)

West Ballina House: Median price $569,500, Annual capital growth 4.60%, Number of sales 41, Weekly median advertised rent $450

West Ballina Unit: Median price $353,000, Annual capital growth 2.70%, Number of sales 30, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

West Ballina has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 19.27% to date .

A 10.58% growth in median value for property investors in West Ballina,2478 puts this suburb at number 955th in terms of best performing suburbs in NSW

Vendor discounting in West Ballina is giving property investors an average Vendor Discount of around -4.95%. This puts suburb at number 659th in NSW when ranking the most discounted suburbs.

In the last year 41 properties changed hands in West Ballina, which puts it as the 769th most active market in NSW when comparing the number of sales per suburb.

Advertised rents are around the $450 mark per week – giving a return of 4.11% based on the median price in Suburb

If you compare the increase in value of investment property in West Ballina, 2478 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 10.31%.

When looking at the potential capital gains offered to property investors over the last 3 years, West Ballina comes in at number 518th in NSW.

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 -3.95% is being offered, which puts this NSW suburb at 1118th most discounted overall in Australia.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 2.70%, investors should hope to achieve an overall return of 5.60%

HOUSE UNIT
$569,500 $353,000
-0.52% -9.92%
19.27% 10.31%
4.60% 2.70%
$450 $380
41 30
4.11% 5.60%
98.75 98.72

Source: CoreLogic

DSR Score for property investment : Above average (H), Very 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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