East Ballina

POSTAL CODE: NSW, 2478

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,348,500.

The upward trend in home prices in EAST BALLINA, 2478 averaged 0.46% per annum over a 3-year period.

Average weekly rents on listings have reached the $800 mark, reflecting a 3.08% increase in returns based on the current median price in EAST BALLINA.

An average of 5.08 real estate transactions take place per month in EAST BALLINA which translates to 61 per annum.

61 properties were sold in EAST BALLINA in 2016, making it the 256th most active market in NSW based on total real estate transactions.

EAST BALLINA, 2478 places 242nd in Australia based on median property value growth during the quarter.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $870,000.

Average median unit prices in NSW have risen as a whole, pulling EAST BALLINA, 2478 values up and netting property investors a capital gain of 8.07% for the past year.

Investors saw the median home price rise to $870,000.

The upward trend in home prices in EAST BALLINA, 2478 averaged 2.03% per annum over a 3-year period.

EAST BALLINA now ranks at the 480th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in EAST BALLINA are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $690 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In EAST BALLINA, homes and units usually stay on listing for an average of 57.9 days.

59 properties were sold in EAST BALLINA in 2016, making it the 102nd most active market in NSW based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,348,500	$870,000
Growth Report
Median Quarterly	5.35%	-2.03%
Median 12 month	1.39%	8.07%
Median 3 years	1.39%	6.1%
Median 5 years	62.96%	46.22%
10 years average annual	9.53%	9.08%
Weekly media advert. rent	$800	$690
Time on Market	61.5 days	57.9 days
Gross Rental Yield Percent	3.08%	4.12%

Demographics (Median Values)*

Total Population 28310

Weekly Household Income 1140

Household Size 2.30

Average Age 48

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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