Options limited within the sub $500,000 price range in Ballina Shire: HTW residential
The most desirable properties in the sub $500,000 price range in the Ballina Shire are located close to services within the townships of Ballina and Alstonville or Wollongbar, according to a recent Herron Todd White (HTW) residential report.
The report suggests within this price bracket buyers are limited in what they can get for their money, however $500,000 and up to $600,000 would still get you a reasonable three-bedroom dwelling within close proximity of schools and shops in these townships.
A three bedroom house in Wollongbar has recently been sold for $480,000.
Located at 14 Ramses Street (pictured below), the family home comprises three bedrooms, lounge/dining room, kitchen and covered timber deck at the rear.
The home is situated close to the Palms Shopping Centre, Wollongbar Tavern and Wollongbar Public School.
The mid-range price bracket of about $600,000 up to the early $1 million dollar mark would generally allow buyers to obtain a property in the desirable beachside localities of Lennox Head through to East Ballina, or possibly a small acreage property in the Ballina Hinterland.
A current listing on the market is a four bedroom home in Ballina priced at $649,000.
Set on a landscaped 753 square metre block, the single level house at 32 Brunswick Street (pictured below) comprises four bedrooms, large lounge, formal dining room, kitchen and undercover deck.
The home has been renovated.
"Generally speaking, $1 million in the current market would get you a good quality house on Lennox Hill, possibly with some sort of restricted ocean view," the valuation firm said.
An example of this is the recent sale of 18 Brolga Place, Lennox Head (pictured below) for $970,000.
This property comprises a contemporary style part two-level, four-bedroom, three-bathroom residence with a double garage situated on an 856 square metre lot which has restricted ocean views towards Boulders Beach.
"Moving up to the prestige price bracket of properties in excess of say $1.5 million, buyers would expect to either be located within the most sought-after locality of the Ballina Shire, being Lennox Head village or Lennox Hill, Skennars Head or East Ballina with extensive ocean views," the valuation firm said.
"Alternatively, somewhere in the $1.5 million to $2 million price bracket would get you an executive style residence on small acreage in the sought after rural residential locality of Tintenbar, situated 10 to 15 minutes west of Lennox Head."