Suburb Profile Report for West Ballina NSW (2478)

West Ballina House: Median price $555,000, Annual capital growth 3.72%, Number of sales 39, Weekly median advertised rent $500

West Ballina Unit: Median price $450,000, Annual capital growth 3.39%, Number of sales 22, Weekly median advertised rent $420

  • 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

Property investors who have had real estate in West Ballina, 2478 should be relatively 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 -5.13%

A 9.09% growth in median value for property investors in West Ballina,2478 puts this suburb at number 297th in terms of best performing suburbs in NSW

Our latest figures would indicate that property sellers in West Ballina are currently offering property investors an average price cut of -8.12% below the asking price at the moment.

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

Property value increases in West Ballina have tracked close to the NSW average of -0.92% over the last 12 months.

Across a shorter period, West Ballina, 2478 has seen a median price increase of 8.43% over the last quarter.

West Ballina2478 is located in NSW which offers an average discount of -6.01% to property investors. West Ballina itself is showing figures that indicate -6.36% is the average achievable by property buyers investing in the suburb.

Property investors should expect to get $420 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$555,000 $450,000
3.74% 8.43%
-5.13% -3.23%
3.72% 3.39%
$500 $420
39 22
4.68% 4.85%
81.4814814814815 119.1875

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), Above average (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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