Ballina has become a thriving community - possibly the next big centre on the North Coast of NSW. The thriving business community has a lot to do with the growth of the Ballina real estate market. With the beach on one side of the town, and the Richmond River flowing through its centre, it is not hard to see why Ballina property is a sought after commodity.
Ballina Real Estate Profile
Ballina Real Estate can be a little hard to come by, due to the growth in the population, and the number of long term residents. Ballina has a bit of a reputation as being a haven for the retirees of Australia, finishing up in the city and buying Ballina property. The town is a perfect location for the elderly, with good access to services, nice warm climate and flat terrain, perfect for walking and scooter travel.
The aged population tag is something that the younger residents are trying to shed, and deservedly so. Ballina is located within a short distance to some of the best surfing beaches on the North Coast, and the Richmond River is popular for boating and water sports of all kinds.
Add to this the increasing number of shops and services, and you will plainly see that Ballina is an attractive place for any age group.
Ballina covers an area of approximately 21 square kilometres, with development gradually expanding the area. The town is well planned, with 14 parks covering a total area of over 5% of Ballina. Real estate development in the surrounding suburbs of West Ballina, East Ballina and Ballina Heights is constantly increasing, turning the greater Ballina area into a thriving town.
The population of Ballina has increased from 8461 in 1996 to 8613 in the 2001 census. The latest 2005 census results will most likely show a greater increase, as businesses and families looking to work and live in the Ballina community move more frequently.
The predominant household in Ballina is couples with children, with 52% of households owner occupied in 2001. The average mortgage is between $800 to $1000 per month, with the average house price about $336,250.
