Suburb Profile Report for West Ballina NSW (2478)

West Ballina House: Median price $490,000, Annual capital growth 3.43%, Number of sales 44, Weekly median advertised rent $500

West Ballina Unit: Median price $377,500, Annual capital growth 3.09%, Number of sales 32, Weekly median advertised rent $400

  • 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 unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -14.41%

The five-year average increase in median property values for West Ballina,2478 has given property investors a potential capital gain of -6.22% across each of those five years.

Vendor discounting in West Ballina is giving property investors an average Vendor Discount of around -3.06%. This puts suburb at number 1081th in NSW when ranking the most discounted suburbs.

Residents and property investors in West Ballina have been waiting around 56.78 days to sell a property.

West Ballina is in the bottom 20% 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 -3.67%.

If we look at median property appreciation over just the last three months, West Ballina has given property investors a paper return of -4.91%. This puts Suburb as 522 on a list of fastest fasting appreciating suburbs in NSW

Vendor discounting in West Ballina is giving property investors an average Vendor Discount of around -3.34%. This puts suburb at number 310th in NSW when ranking the most discounted suburbs.

On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 5.51%, without taking into account capital value appreciation, which has been averaging out at 3.09%.

Metrics i HOUSE UNIT
$490,000 $377,500
-8.41% -4.91%
-14.41% -3.67%
3.43% 3.09%
$500 $400
44 32
5.31% 5.51%
56.78 78.4

Source: CoreLogic

DSR Score for property investment : Good (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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