With a capital gain of 13.32% for the last 12 months, Ballina, 2478 has performed for property investments than its average annual 4.83% property growth over the last 5 years.
Comparing Ballina,2478 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 Ballina, 2478. Typically our figures indicate that -5.03% is being offered, which puts this NSW suburb at 2381th most discounted overall in Australia.
Ballina is 333th on a list of best yielding suburbs for rents in NSW with a 4.34% return
Ballina is in the TOP 30% in NSW when comparing median price capital growth over the last year. Ballina gave property investors a good capital gain figure when compared to the rest of the state, with 4.42%.
While Ballina,2478 ranked number 451th in NSW for increase in median house value (annualised) increase, it is ranked 25th over the last 5 years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.01% offered to property buyers. Sellers in Ballina itself are offering an average vendor discount of -4.92% to real estate investors.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.19%, without taking into account capital value appreciation, which has been averaging out at 4.38%.
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Situated 80km from the NSW/Queensland border, Ballina has good transport connections by road, rail and air: a particular draw for sea changers is the presence of the Ballina-Byron Gateway airport just outside the town, which carries commercial flights to Melbourne and Sydney. A new bypass is also being constructed to take heavy traffic away from the town: this is expected to be fully completed by mid-2012.
It has all the amenities you’d expect in a coastal town – including its own hospital, several schools, a combination of supermarkets and independent grocery stores, and one of Australia’s iconic ‘giant things’ – in this case, a giant prawn. As a popular holiday town, there are also a wide range of leisure activities from kayaking and fishing to ten pin bowling and golf – as well as numerous restaurants and cafes.
The town is a popular location for sea changers and retirees, and experiencing healthy population growth: SQM Research projects growth of 2% pa for the next few years. It’s possible that this could increase, too, as baby boomers retire and head to the coast in greater numbers. The area does suffer from coastal erosion, so while a beachfront property may seem desirable, it may be better to opt for properties a street or two back from the coast
Properties are relatively expensive for a north coast NSW town, albeit nowhere near as expensive as local leader Byron Bay.