Suburb Profile Report for East Ballina NSW (2478)

East Ballina House: Median price $790,000, Annual capital growth 4.02%, Number of sales 64, Weekly median advertised rent $600

East Ballina Unit: Median price $505,000, Annual capital growth 3.74%, Number of sales 47, Weekly median advertised rent $448

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

At number 1325th in the list of Australian suburbs ordered by increase in median house value over the last year, East Ballina, 2478 is in the top 40% with a property value increase of 3.61% recorded in median house prices.

Taking the average capital gain, or increase in median house value, East Ballina,2478 has racked up an average of 3.61% over the period. This ranks it number 978th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -8.94% to buyers in East Ballina at the moment, which is less than average for the rest of NSW.

Residents and property investors in East Ballina have been waiting around 80.6071 days to sell a property.

The NSW suburb of East Ballina, 2478 is in the Ballina (A) local government area.

East Ballina, 2478 ranked 171th in NSW when comparing growth in median property values or capital gain over the last 12 months. East Ballina is one of 3163 in our list for NSW

When looking at the potential capital gains offered to property investors over the last 3 years, East Ballina comes in at number 86th 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 East Ballina, 2478. Typically our figures indicate that -6.37% is being offered, which puts this NSW suburb at 434th most discounted overall in Australia.

Often selling an investment property can take time, and in East Ballina the average time real estate has been on the market is 75.2609 days.

Using the current median advertised rental of $447.5 and the average annual increase in value of a median property of 3.74%, investors should hope to achieve an overall return of 4.61%

Metrics i HOUSE UNIT
$790,000 $505,000
1.94% 2.02%
3.61% 1.61%
4.02% 3.74%
$600 $448
64 47
3.95% 4.61%
80.6071428571429 75.2608695652174

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 5318
Median household income ($/weekly) 1068
Median age of persons 46
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 583 11.0
    35-44 years 631 11.9
    45-54 years 824 15.5
    55-64 years 930 17.5
    65-74 years 519 9.8
    Others 1832 34.4
    Age Group
    Census Count Percent(%)
    Registered Married 2026 49.8
    Not Married 1605 39.5
    Defacto Relationship 434 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4455 88.4
    Papua New Guinea 96 1.9
    South Africa 24 0.5
    United Kingdom 210 4.2
    Other 88 1.7
    Others 166 3.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 80 1.7
    Christianity 3612 74.6
    Hinduism 7 0.1
    Other Religious Groups 24 0.5
    No Religion 1118 23.1
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 242 12.4
    $600-$799 225 11.5
    $800-$999 225 11.5
    $1,250-$1,499 187 9.6
    $1,500-$1,999 277 14.2
    Others 795 40.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1614 37.9
    Employed, worked full-time 1389 32.7
    Employed, worked part-time 930 21.9
    Employed, away from work 180 4.2
    Unemployed, looking for work 140 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 523 20.9
    Technicians & trades workers 348 13.9
    Community & personal service workers 300 12.0
    Clerical & administrative workers 347 13.9
    Sales 330 13.2
    Others 650 26.0
    Occupation
    Census Count Percent(%)
    Pre-school 80 6.9
    Infants/Primary 387 33.4
    Secondary 318 27.5
    Technical or Further Educational Institution 147 12.7
    University or other Tertiary Institutions 201 17.4
    Others 25 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3283 65.8
    Flat, unit or apartment 1019 20.4
    Semi-detached, row or terrace house, townhouse 562 11.3
    Caravan, cabin, houseboat 124 2.5
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 923 43.2
    Rented 674 31.5
    Being purchased 533 24.9
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
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