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West Ballina, NSW 2478

Home » NSW Real Estate Data » Ballina Shire Council, NSW » West Ballina, NSW 2478

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for West Ballina, NSW 2478 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “West Ballina, NSW 2478”

  1. The total adult population (15 years or older) of West Ballina 2478 NSW is 2,789, with a median age of 54. Of those, 42.81% are married, 16.96% are divorced or separated, 31.44% are single and 9.00% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,424. The median monthly mortgage repayment for households in this suburb is $1,863 which is 34.35% of their earnings.

    Source: ABS Census Data (2021)

  2. The coastal suburb of West Ballina, located in New South Wales, is characterised by a locale of approximately 1589 households. In the third quarter of 2023, the typical price for houses in this suburb was roughly $882,737. Paired with a median weekly rent of $720, this produces an indicative yield of 4.24%, surpassing the minimum attractive market requirement of 3%, suggesting a favourable situation for cashflow-focused property investors.

    West Ballina’s socio-economic index (IRSAD) score is 917 out of a maximum 1217. This above-average score illustrates a resident population with reasonable access to economic resources and often relates to a higher calibre of skilled professions and income levels.

    The renter to owner ratio standing at 28%, highly favours the property owners, avoiding an oversaturated rental market. The further checking of this box is visible in the units to houses ratio, which at 18% highlights a favourable lower density of apartments, allowing for less competition among landlords for tenants.

    In terms of affordability, the index outlines it would take approximately 64 years to fully own a house, which is higher than the standard 30-year mortgage. This seems negative at first glance, but it corresponds well with the high socio-economic score, indicating that the area is appealing to long-term investors or well-off residents.

    The supply metrics are positive with the stock on market Percentage for houses as low as 0.07%, indicating a low supply, and inventory level barely touching 0.41 months. On the other hand, the building approvals Ratio for houses is modest at 0.64%, exhibiting a managed supply of new dwelling stock.

    Demand metrics tell an interesting tale. The houses market witnessed an average of 47 days on the market, a slower exchange rate when compared to the market that heats up around 35 DoM. However, the vacancy rate is quite favourable at 1.14%, indicating high demand. Yet, the buy search index at 3 suggests a tepid demand.

    Although certain metrics such as affordability and buy search index appear slightly below the pleasant range, it’s crucial to look at the overriding trends. As markets are dynamic, the RCS metric developed by HtAG Analytics, which uses over 80 metrics, can provide a more comprehensive understanding of the market. For the time being, the suburb of West Ballina seems to have a promising outlook, with the potential for stable growth and appealing investment opportunities.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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