Dual Income at Ballina NSW
- $4.4 billion Pacific Hwy upgrade
- Ongoing airport expansion
- New 1,500-lot land estate – North Lismore Plateau
- $180 million expansion Lismore Base Hospital
- Low vacancies
- Affordable properties.
- We rate this as a 5 star investment opportunity
Vacancy rate 0.8%
Median Rent : 3 bedrooms $425 / 2 bedrooms $400
Median Sales Price : 3 beds $580000 / 2 beds $325000
Price fluctuation 3 years past +35.1% 12 months +11.6%
Location: 563 Ballina Heights, Ballina NSW 2478
Building Size: 235m2 on 563m2
Rental estimate: $940 per week
Land Price: $250000
Build Price: $373770
Registers in 2019
The Northern Rivers Region of New South Wales is the fastest-growing region in the state. Renowned for stunning beaches, picturesque rivers, natural attractions and tourism, it is further sustained by the diverse industries of agriculture, health and education.
Two markets – Ballina and Lismore – stand out because of their affordability which has made them popular with retirees and sea-changers.
Recent construction activity encompassing transport, health, residential, retail and recreation has provided a firm springboard for future growth.
Investment into this region is coming from private enterprise and all three levels of government, creating stimulus that provides plenty of opportunities in local real estate markets for home-buyers and investors.