Ballina going, going, gone ........

  • By Peter Gordon
  • •
  • 15 Oct, 2019

Ballina has been known for decades as a laid back coastal holiday town, but that image is changing rapidly from laid back to exclusive.

The Ballina Shire is part of The Northern Rivers region which is the fastest growing region in NSW. The city of Ballina lies on The Richmond River the rapidly expanding local Airport serves as the gateway to its glamorous neighbours Byron Bay and Lennox Head. It's year round mild climate, seaside charm and relative affordability makes it an incredibly desirable location for home buyers. With very limited land supply, prices are sure to rise and the rental vacancy rate is the lowest in NSW.

Please view the video link below. This video is  old but gives a good picture of the region. The main point of difference now to when the video was made is that the local property markets have seen strong and climbing growth in recent years. This looks like it will accelerate in the near term.

 

Currently there are two massive demographic shifts underway that will have a huge impact of certain property markets around Australia. One is the well documented retirement of the Baby Boomers over the next decade. The other is a new and growing generational shift of people working from home part time and commuting to work for the balance of the week.

This tidal wave of people will have a profound and lasting affect on property prices in locations that may still be affordable now, but that door is closing fast. Cashed up buyers from Sydney and Melbourne are competing for limited housing stocks which is pushing up prices rapidly.

The Bruce Highway upgrade from Newcastle to The Gold Coast is a 10 year $8.5 Billion Dollar project that is coming into its final stages. This has been a one of Australia's largest road projects and has drastically reduced the travel time between the cities. Ballina residents can now drive to The Gold Coast in an hour meaning they can access the international airport and Brisbane one hour further on.

Other major local infrastructure projects include the Lismore Base Hospital undergoing a $320M dollar redevelopment and Ballina`s hospital is getting an $7.5M upgrade. The local high school is also undergoing a $50M redevelopment with that will make it NSW`s flagship regional school.

A new $534M Hospital is about to commence construction an hour up the road in Tweed Heads. This is an important piece of infrastructure for the region, but specifically for the baby boomers. This will act like another magnet drawing lifestyle seekers to the region.

Byron Bay and Lennox Head are renowned for their celebrity residents who own multi-million dollar properties. There is now a growing list of high profile business people also buying in the region pushing up prices further. Its still possible to purchase an affordable property with strong cash flow, but this will become out of reach for the average Australian in coming years.

Ballina has 4 High Schools, 5 Primary Schools, a TAFE and Southern Cross University is under a half hour drive away in Lismore. There is the Hospital, aged-care facilities, sporting fields and clubs and an abundance of parks and beautiful coast line. For shopping it has the expansive Ballina Fair Shopping Centre, along with a number of suburban shopping centres. There is a large business park adjacent to the Airport that services the greater region.

To the naked eye it may appear that there is ample land available for development around Ballina and throughout the Northern Rivers. But what many people don't understand is that this region contains some of the Nation's best soil and farming lands. It is home to one of Australia's most diverse groups of primary industries and is a food bowl to the world. So the chances of land being rezoned from rural to residential is incredibly unlikely.

So with huge demand, and very little supply, property prices look set for an extended period of strong growth.  The current window of opportunity to purchase at affordable prices will soon close.

We have some fabulous house & land packages available so If you'd like to find out more about our Ballina investment opportunities please contact the Investo Team   






Introducing The Palms Estate, Cairns - The Northern Beach's Premier Address

By Peter Gordon • April 26, 2023

Quiet simply, the Palms is the place to buy!

The northern beaches of Cairns is the Nation's best location for property investors right now, and The Palms is the premier development in this boom region.

It has the best location being elevated and backing onto the rainforest. It will have amazing facilities with a shopping village, a primary school, parks and green open space, a water park and an expanse of wildlife corridors.

It has taken the developers three years to get planning approval for this unique development to be able to hit the market. There are only 300 lots spread across 85 acres of the best land in The Northern Beaches.  Residents will have an abundance of open space right at their doorstep.  The Palms is also the only Certified Enviro Development project in Far North Queensland.

> Cairns Snapshot

In the rivalry between Sydney and Melbourne, the winner is ... Brisbane

By Peter Gordon • April 20, 2023

Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).

Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.

Time  magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time  magazine?). But they might be onto something.

Time  points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.

Time’s  most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).

Incredible Lifestyle At An Affordable Price  Equity of approx $390K on completion

By Peter Gordon • April 6, 2023
This small duplex development just a short drive from Hervey Bay on Queensland’s beautiful Fraser Coast, offers an incredible lifestyle at an affordable price. With unprecedented demand and very limited supply, prices look set to skyrocket.

A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.
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