Over the last year, property investments in Ballina, 2478 have given investors a capital gain of 14.15%. This compares favourably with the 10.96% for NSW as a whole.
Comparing Ballina,2478 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Ballina 2478 should be seeing an average reduction in asking price of around -5.09% . This means that Ballina is holding prices well when compared to other suburbs in NSW.
Ballina is 243th on a list of best yielding suburbs for rents in NSW with a 4.49% return
Ballina, 2478 ranked 338th in NSW when comparing growth in median property values or capital gain over the last 12 months. Ballina is one of 3163 in our list for NSW
Ballina,2478 has offered an average of 5.25% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Ballina is offering property investors an average of -4.27. This rate of discount on properties puts Suburb at number 281th in terms of most discounted suburbs in NSW
Property investors should expect to get $380 weekly from the median priced house in this suburb.
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.Full summary
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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.