Ballina Shire CouncilEconomic profile
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Ballina Shire

Housing valuation

At June 2017, Ballina Shire had a median house valuation of $632,585, $78,421 lower than the median house valuation for New South Wales.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2013-2017, Housing Valuation System

Housing values
Ballina Shire20172013Change
Housing value (at June)Ballina ShireNew South WalesBallina Shire relative to New South WalesBallina ShireNew South WalesBallina Shire relative to New South Wales2013 to 2017
House--------------
First Quartile$502,236$459,213+9.4%$405,913$331,720+22.4%+$96,323
Median$632,585$711,006-11.0%$505,677$457,239+10.6%+$126,908
Third Quartile$800,000$1,184,666-32.5%$635,963$701,375-9.3%+$164,037
Unit--------------
First Quartile$341,863$461,371-25.9%$280,430$305,938-8.3%+$61,433
Median$418,004$671,543-37.8%$345,924$430,178-19.6%+$72,080
Third Quartile$544,234$903,371-39.8%$446,263$570,847-21.8%+$97,971

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, New South Wales: $903,371 Median, New South Wales: $671,543 First Quartile, New South Wales: $461,371 Third Quartile, New South Wales: $1,184,666 Median, New South Wales: $711,006 First Quartile, New South Wales: $459,213 Third Quartile, Ballina Shire: $544,234 Median, Ballina Shire: $418,004 First Quartile, Ballina Shire: $341,863 Third Quartile, Ballina Shire: $800,000 Median, Ballina Shire: $632,585 First Quartile, Ballina Shire: $502,236
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, New South Wales: $332,524 Median, New South Wales: $241,365 First Quartile, New South Wales: $155,433 Third Quartile, New South Wales: $483,291 Median, New South Wales: $253,767 First Quartile, New South Wales: $127,493 Third Quartile, Ballina Shire: $97,971 Median, Ballina Shire: $72,080 First Quartile, Ballina Shire: $61,433 Third Quartile, Ballina Shire: $164,037 Median, Ballina Shire: $126,908 First Quartile, Ballina Shire: $96,323
Source: Hometrack 2011-2016, Housing Valuation System

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