Breaking the $2m barrier
By Mary Mann email@example.com THE Ballina property market is breaking through the roof, with yet another multi-million home on the market. Real estate agent Keith Jones said the spectacular two-storey, five-bedroom house on the bank of the Richmond River was just a sign of the times and showed Ballina remains the place to be. "Ballina really broke through the $1 million mark consistently about five years ago," Mr Jones, principal at PRD Nationwide Ballina, said. "It is now breaking through $2 million. It's really taking off." This comes after the sale of other properties in Ballina around the $2 million mark, including 23 Suvla Street, which sold for $2 million in March. A property in Pinnacle Row at Lennox Head went on the market with Elders earlier this year for $5 million. Mr Jones said the $2.1 million home on the market at 2 Latta Avenue, Ballina, was one of the last riverfront homes left in the area, and offered a 180-degree view of the river. "Properties on the river do not come to the market very often and I am expecting considerable interest in this one as it has a great location and some great features," he said. "Buyers have been paying up to $1.7 million for riverfront blocks, where they're knocking down the old house and rebuilding. "With this one you're paying $2.1 million without the hassle of having to rebuild." The current owner, Stuart Garrick, has lived in the riverfront home for 30 years. He says it is time for him to move into something smaller and closer to his family. So what makes his home worth $2.1 million? "It's special," Mr Garrick said. "You can look out over the water and watch the sailing boats go by while you're eating your breakfast. "And you're close to the shops and the water if you want a swim." The property has a prime position in the highly sought-after residential area, tucked into the riverfront strip between Ballina's shopping precinct and the canal.