2016 PROPERTY REPORT BALLINA
A word from Glenn & Nathan Mills
It has been a confident start to the 2016 property market with plenty of activity in our local area. We are experiencing a high number of buyers inspecting properties and some great sales results across the board. After being quite optimistic about the year ahead, the current market conditions are supporting my thoughts and I think the months to come will experience similar activity. Stock levels are still at a low, so if you are thinking about making a move or considering your real estate options now is a great time to get intouch to discuss the best strategy for your future planning. Glenn Mills M 0417 696 459 D 6618 3301 F 6618 3388 E glennmills@mcgrath.com.au
Nathan Mills M 0421 427 692 D 6618 3338 F 6618 3388 W nathanmills@mcgrath.com.au
Ballina Statistics (January – June 2016)
McGrath Ballina 176 River Street T 6618 3399 F 6618 3388 W mcgrath.com.au
East Ballina Statistics (January – June 2016)
Highest Sale Price
$1,155,000
Highest Sale Price
$1,200,000
Lowest Sale Price
$224,000
Lowest Sale Price
$282,500
How many sold in the last 6
145
How many sold in the last 6
85
How many on the market today
38
How many on the market today
39
Median sale price Average days on market McGrath average days on market Source: RP Data and realestate.com.au
$385,000 103 57
Median sale price
$525,000
Average days on market
128
McGrath average days on market
61
Recent sales by Glenn & Nathan Mills’ team No
Address
Bed
Bath
Car
Land Size
Sale Price
1
15 Thompson Crescent, East Ballina
4
2
2
432sqm
$730,000
2
7 O'Rourke Street, Cumbalum
4
2
2
788sqm
$620,000
3
4/27 Ross Street, Ballina
3
2
2
307sqm
$625,000
4
51 Summerhill Crescent, Cumbalum
4
2
3
3,308sqm
$775,000
5
3 Banksia Court, East Ballina
5
3
3
1,012sqm
$1,300,000
6
34 Grant Street, Ballina
4
1
3
518sqm
$540,100
7
2/77 Martin Street, Ballina
3
2
2
320sqm
$675,000
8
1/21A Dress Circle Drive, Lennox
3
2
2
225sqm
$1,175,000
9
24 Tamar Street, Ballina
4
3
2
480sqm
$690,000
10 13 Pine Avenue, East Ballina
4
2
2
493sqm
$750,000
11 3/3 Winton Lane, Ballina
2
1
1
172sqm
$400,000
12 7 Richmond Avenue, Ballina
3
2
1
392sqm
$635,000
13 13 Bentwing Place, Tintenbar
4
2
2
5,159sqm
$1,175,000
14 1/15 Suvla Street, East Ballina
3
2
2
322sqm
$1,030,000
15 5 Princess Avenue, Ballina
3
2
1
581sqm
$440,000
16 10/1 Cherry Street, Ballina
2
2
1
158sqm
$650,000
17 9 Killarney Crescent, Skennars Head
5
2
2
677sqm
$1,400,000
18 8/57 Cedar Crescent, East Ballina
3
1
1
214sqm
$525,000
19 6/32 Shelly Beach Road, East Ballina
3
2
2
276sqm
$740,000
20 15 Marina Place, Ballina
4
3
2
712sqm
$1,040,000
21 6 Jabiru Place, East Ballina
4
2
2
737sqm
$630,000
22 93 Martin Street, Ballina
3
3
4
717sqm
$720,000
23 3A College Avenue, Skennars Head
3
2
2
391sqm
$570,000
24 8 Spinnaker Crescent, Ballina
4
2
2
775sqm
$570,000
25 3/77 Swift Street, Ballina
3
1
1
445sqm
$380,000
26 1/18 Bentinck Street, Ballina
3
2
2
500sqm
$500,000
27 9 Bellevue Avenue, East Ballina
3
2
2
607sqm
$710,000
28 1/74 Norton Street, Ballina
3
1
1
410sqm
$501,000
29 9 Palisade Way, Lennox Head
4
2
3
1,509sqm
$750,000
30 2/28 Tamar Street, Ballina
2
1
1
198sqm
$390,000
Source: MARS (McGrath’s CRM System)
Case study This central Ballina duplex has been totally and tastefully renovated to create a desirable two bedroom home as well as an income producing furnished two bedroom villa with separate entry. With a strong amount of interest, we were able to achieve an outstanding sale price for our vendor with all parties being very pleased with the result. 24 Tamar Street, Ballina 4 Bed, 3 Bath, 2 Car Price Guide: $620,000 - $680,000 Sold: $690,000 Sold Prior to Auction Days on Market: 11
Testimonials “Selling a house can be very stressful especially if it is that of a deceased and greatly loved parent. Glenn was at all times sensitive to our grieving and made the process of selling my father’s house relatively stress free. He was impressive regarding knowledge of the local market trends and gave sound advice - he was persuasive without being aggressive or pushy. He respected my view about price range and was excellent in negotiating a good deal. His team were always polite and helpful even moving some boxes and furniture in preparation for the first open house. Feedback was regular and extremely thorough with detailed inspection reports. Glenn’s strength is his excellent ability to communicate in a relaxed and professional way. He instilled confidence that he could deliver in a calm and effective manner. I was extremely happy with Glenn, Nathan, Ben and Adrian.” G Lewis “I was amazed at the service from the team at McGrath, from start to finish I was kept informed through the whole process. I couldn’t thank Nathan, Glenn, Ben and Adrian enough for making the sale of this property pain free. Thanks Guys.“ J McIntosh “After a very successful purchase of a property in East Ballina and not knowing the market at all can highly recommend Nathan and his team at McGrath. Their professionalism, insights into the local market and absolute integrity made for a seamless and stress free interaction and exchange.” T Wingrove