Unit 5, 5-7 BEACHFRONT PARADE East Ballina NSW 2478
This property is Off Market
- Last sold 9/9/2024 for $1,050,000. The Average property price in this area is $993,129, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 0.15 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 10/23/2024 13 CRAIG ST $885,000
- 10/18/2024 54 SILVER GULL DR $1,750,000
- 10/17/2024 19 PACIFIC TCE $1,620,000
- 10/14/2024 69 JAMESON AVE $620,000
- 10/9/2024 12 SUVLA ST $2,000,000
About Ballina
With an average age of 41, households expect an average monthly mortgage payment of $1,733 or a weekly rent payment of $528. The average family earns a weekly income of $2,160 with a typical household size of 2.4 and a 96.27% employment rate.
In East Ballina there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in East Ballina is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in East Ballina changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in East Ballina to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in East Ballina we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make East Ballina a better buying opportunity than it may have been in the past.
Public Transport
Byron Beach
Burns Point Ferry
General Points of Interest
Ballina War Memorial Olympic Pool
Ballina RSL Sub Branch Cenotaph
Lake Ainsworth Sport and Recreational Centre
Missingham Bridge
Richmond River Nature Reserve
Ballina Golf & Sports Club
Lennox Aquatic Centre
The Big Prawn
Epiq Marketplace
Thursday Plantation Visitor Centre
Population
(Country of Birth not stated 8%)
Are people healthy?
There are a recorded 2187 asthma sufferers and 1130 people living with diabetes. In addition, 1303 people have a heart/vascular condition and 2475 people live with three or more chronic diseases.A good place to invest in property?
Ballina a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
10 / 100
31 / 100
Industry
17 / 100
22 / 100
Population
17 / 100
19 / 100
House Prices
51 / 100
60 / 100
Jobs
19 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsBallina Coast HS
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Xavier Catholic College Ballina
Skennars Head, NSW, 2478 Independent 7-12 -
Ballina Public School
Ballina, NSW, 2478 State K-6 -
Biala Special School
Ballina, NSW, 2478 Independent U -
Holy Family Catholic Primary School
Skennars Head, NSW, 2478 Independent K-6 -
Richmond Christian College
Ballina, NSW, 2478 Independent K-12 -
Southern Cross Public School
East Ballina, NSW, 2478 State K-6 -
Southern Cross School of Distance Education
East Ballina, NSW, 2478 State K-12 -
St Francis Xavier Primary School
Ballina, NSW, 2478 Independent K-6 -
Ballina Coast High School
Ballina, NSW, 2478 State 7-12 -
Emmanuel Anglican College
Ballina, NSW, 2478 Independent K-12
Property Story
Unit 5, 5-7 Beachfront Parade, East Ballina, Nsw, 2478 is a residential property . The estimated distance to the sea is only 0.15km and 0.26KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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