Land values in the Ballina local government area
North Coast region
General overview
There was a strong increase in land values across Ballina local government area between 2017 and 2018, which was evident across the rural market segment. Residential and commercial land values increased moderately, while industrial land values increased slightly.
Land values in Ballina continued to be influenced by higher demand due to affordability in comparison to larger cities, the area’s proximity to Byron Bay and the recent upgrades to the Pacific Highway which have reduced travelling times.
Land value trends
Property zone | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
Residential | $4,581,601,930 | $4,982,457,780 | 8.8% |
Commercial | $315,856,940 | $337,072,840 | 6.7% |
Industrial | $169,113,300 | $177,293,300 | 4.8% |
Rural | $1,373,199,310 | $1,578,547,040 | 15.0% |
Other | $478,303,271 | $550,820,241 | 15.2% |
Total | $6,918,074,751 | $7,626,191,201 | 10.2% |
Number of properties by zone
Total number of properties: 15,587
Residential land values
Residential overview
Residential land values increased moderately between 2017 and 2018. Land values in most areas of Ballina and Alstonville increased due to higher demand as the result of greater affordability compared with adjoining northern locations. Areas in the north of the local government area including Lennox Head and parts of East Ballina, experienced strong increases due to high demand and proximity to Byron Bay. The North Creek and Skennars Head locality experienced the strongest growth with value levels drawing closer to neighbouring areas.
Areas of West Ballina and Wardell experienced steady value levels after stronger growth in past years.
Median land values and sale prices
The above chart shows movement in the property market and land values over a five year period. In areas where there are a low number of sales, median sale prices may not accurately reflect the property market. Land values may not always move directly in line with sale prices due to the influence of other factors, such as building costs.
Typical residential land values
Address | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
Ashland St, Alstonville | $264,000 | $280,000 | 6.1% |
Tanamera Dr, Alstonville | $286,000 | $300,000 | 4.9% |
Abalone Pl, Ballina | $275,000 | $290,000 | 5.5% |
Camoola Ave, Ballina | $835,000 | $835,000 | 0.0% |
Catherine Cres, Ballina | $300,000 | $315,000 | 5.0% |
Crane St, Ballina | $390,000 | $420,000 | 7.7% |
Eider Qdrt, Ballina | $275,000 | $290,000 | 5.5% |
Norlyn Ave, Ballina | $315,000 | $315,000 | 0.0% |
River St, Ballina | $435,000 | $500,000 | 14.9% |
Summerhill Cres, Cumbalum | $458,000 | $479,000 | 4.6% |
The Ridgeway , Cumbalum | $262,000 | $262,000 | 0.0% |
Beachfront Pde, East Ballina | $519,000 | $560,000 | 7.9% |
Cedar Cres, East Ballina | $415,000 | $450,000 | 8.4% |
Chickiba Dr, East Ballina | $330,000 | $360,000 | 9.1% |
Jameson Ave, East Ballina | $400,000 | $440,000 | 10.0% |
Northumberland Dr, East Ballina | $320,000 | $350,000 | 9.4% |
Silver Gull Dr, East Ballina | $442,000 | $500,000 | 13.1% |
Dress Circle Dr, Lennox Head | $950,000 | $1,050,000 | 10.5% |
Gibbon St, Lennox Head | $790,000 | $825,000 | 4.4% |
Longboard St, Lennox Head | $325,000 | $392,000 | 20.6% |
North Creek Rd, Lennox Head | $1,070,000 | $1,200,000 | 12.2% |
Ocean Breeze Dr, Lennox Head | $443,000 | $500,000 | 12.9% |
Pacific Pde, Lennox Head | $1,320,000 | $1,500,000 | 13.6% |
Rainforest Way, Lennox Head | $358,000 | $410,000 | 14.5% |
Survey St, Lennox Head | $473,000 | $567,000 | 19.9% |
Waterford Pde, Skennars Head | $380,000 | $425,000 | 11.8% |
Cedar St, Wardell | $175,000 | $175,000 | 0.0% |
Dolphin Dr, West Ballina | $515,000 | $550,000 | 6.8% |
Sunset Ave, West Ballina | $250,000 | $250,000 | 0.0% |
Hellyar Dr, Wollongbar | $229,000 | $245,000 | 7.0% |
Robindale Dr, Wollongbar | $224,000 | $240,000 | 7.1% |
Commercial land values
Commercial overview
Commercial land values across Ballina local government area experienced moderate increases due to increased demand for more affordable properties as compared with adjoining areas.
Typical commercial land values
Address | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
Main St, Alstonville | $236,000 | $260,000 | 10.2% |
Boeing Ave, Ballina | $4,620,000 | $5,000,000 | 8.2% |
River St, Ballina | $353,000 | $390,000 | 10.5% |
River St, Ballina | $460,000 | $500,000 | 8.7% |
River St, Ballina | $2,000,000 | $2,000,000 | 0.0% |
Tamar St, Ballina | $410,000 | $450,000 | 9.8% |
Range St, East Ballina | $452,000 | $452,000 | 0.0% |
Ballina St, Lennox Head | $1,260,000 | $1,400,000 | 11.1% |
Kalinga St, West Ballina | $490,000 | $530,000 | 8.2% |
Industrial land values
Industrial overview
Industrial land values in Ballina were steady, however industrial land values in Alstonville's Russellton Estate had a very strong increase due to demand.
These trends resulted in a slight increase in industrial land values overall.
Typical industrial land values
Address | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
Russellton Dr, Alstonville | $192,000 | $249,000 | 29.7% |
Southern Cross Dr, Ballina | $445,000 | $445,000 | 0.0% |
Broadwater Pl, West Ballina | $368,000 | $368,000 | 0.0% |
Rural land values
Rural overview
Rural land values generally experienced a strong increase across the local government area due to demand for more affordable rural lifestyle properties than those in Byron Bay.
Land values in the locality of Newrybar experienced strong increases. This area continues to see strong growth as a result of its proximity to Byron Bay.
Typical rural land values
Address | 01 Jul 2017 | 01 Jul 2018 | % change |
---|---|---|---|
Meridian Dr, Coolgardie | $450,000 | $525,000 | 16.7% |
Cumbalum Rd, Cumbalum | $600,000 | $690,000 | 15.0% |
Humpty Back Rd, Mcleans Ridges | $400,000 | $460,000 | 15.0% |
Gahans Rd, Meerschaum Vale | $400,000 | $440,000 | 10.0% |
Patchs Beach Lane, Patchs Beach | $340,000 | $375,000 | 10.3% |
Rous Mill Rd, Rous Mill | $717,000 | $903,000 | 25.9% |
George St, Tintenbar | $350,000 | $367,000 | 4.9% |
Pimlico Rd, Wardell | $300,000 | $330,000 | 10.0% |
Pimlico Rd, Wardell | $540,000 | $575,000 | 6.5% |
Teven Rd, West Ballina | $430,000 | $490,000 | 14.0% |
Added value of improvement tables
The added value of improvement tables show dollar values per square metre for the added value of improvements for the main residential property types in a local government area. It is the value the improvements add to the value of the land as demonstrated by the analysis of property sales.