All About Cumbalum, Ballina , NSW 2478

Cumbalum Real Estate Market Outlook

Thinking about buying in Cumbalum? Now could not be a better time, with 1321 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,127,000 with prices in this suburb ranging from $223,000 to $2,454,000. Cumbalum is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Cumbalum 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. A mix of professions and above average income earners in Cumbalum provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Cumbalum 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 Cumbalum 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 Cumbalum a better buying opportunity than it may have been in the past.

Instant Property Valuation

Cumbalum, located in the Ballina Shire of New South Wales, has experienced noticeable growth in its housing market in recent years. As a suburb that combines coastal charm with the convenience of suburban living, Cumbalum has attracted a mix of families, retirees, and professionals seeking a quieter lifestyle with access to natural attractions. The housing market in Cumbalum is characterized by a variety of property types, from modern developments to more traditional homes, catering to different needs and budgets. The suburb's demand has been fueled by its proximity to the coastal hubs of Ballina and Lennox Head, making it an appealing alternative for those priced out of these more established areas. The upward trend in property values mirrors broader patterns observed across regional Australia, where lifestyle and work-from-home opportunities have driven a migration away from major cities.

Living in Cumbalum offers residents a blend of tranquility and community spirit. The suburb is known for its spacious, leafy neighborhoods and family-friendly environment, making it an attractive option for those with young children. Residents enjoy easy access to amenities in nearby Ballina, including shopping centers, schools, and healthcare facilities, while the beautiful beaches and recreational spaces provide plenty of opportunities for outdoor activities. The community in Cumbalum is typically close-knit, with local events and activities fostering a sense of belonging among residents. While still a growing suburb, Cumbalum manages to maintain a peaceful, semi-rural feel that appeals to those seeking a slower pace of life without sacrificing the convenience of modern amenities.

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