This property is Off Market
With an average age of 39, households expect an average monthly mortgage payment of $2,189 or a weekly rent payment of $555. The average family earns a weekly income of $2,073 with a typical household size of 3.1 and a 100.61% employment rate.
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.
(Country of Birth not stated 4%)
Ballina Region a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
18 / 100
31 / 100
Industry
19 / 100
22 / 100
Population
20 / 100
19 / 100
House Prices
58 / 100
60 / 100
Jobs
30 / 100
29 / 100
Incidents Trend State Average
Ballina Coast High School
Ballina, NSW, 2478 State 7-12
Southern Cross School of Distance Education
East Ballina, NSW, 2478 State K-12
Teven-Tintenbar Public School
Tintenbar, NSW, 2478 State K-6
Emmanuel Anglican College
Ballina, NSW, 2478 Independent K-12
Richmond Christian College
Ballina, NSW, 2478 Independent K-12
St Francis Xavier Primary School
Ballina, NSW, 2478 Independent K-6
Holy Family Catholic Primary School
Skennars Head, NSW, 2478 Independent K-6
Biala Special School
Ballina, NSW, 2478 Independent U
Ballina Public School
Ballina, NSW, 2478 State K-6
Southern Cross Public School
East Ballina, NSW, 2478 State K-6
To see the latest development applications
Join usAlready have an account? Sign in
134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
The new way of conveyancing from Australia’s leading conveyancer - Smart, simple and secure