Question 1

Is Alstonville a nice place to live?

Accepted Answer

Alstonville sits on the Alstonville Plateau in the Northern Rivers, with outlooks across farmland toward the coast. It has the feel of a country service centre, with a compact main street of cafés, bakeries and shops serving nearby rural properties and residential streets. Housing ranges from weatherboard cottages and brick homes to small hobby farms, and daily life is relaxed with a focus on outdoor life, gardening and community sport. Regional roads link Alstonville to Ballina, Lismore and the coast and hinterland beyond.

The town is home to 5,912 people and has a median age of 51. Families are strongly weighted towards couples, and about three in four dwellings are owner-occupied (48.1% owned outright, 27.5% with a mortgage) while renters make up 24.4%. Several local projects are underway or planned, including a Cultural Centre redevelopment with a larger library, a creek restoration at Tanamera Reserve, a lodged application for culturally responsive group homes, and planned intersection improvements on the Bruxner Highway and Ballina Road. Whether Alstonville suits you will depend on what you want from a regional town.

Question 2

Is it expensive to live in Alstonville?

Accepted Answer

In Alstonville, housing costs sit high against what a typical local household earned at the last Census. A house rent of $710 a week would take about 54.1% of a typical local household's weekly income at the last Census, and unit rent of $550 a week would take about 42.0% — both figures are a large share of that income.

Buying looks especially stretched on these figures. The median house price of $970,000 is about 14.2 times a typical local annual household income at the last Census, and the median unit price of $755,000 is about 11.1 times that annual income. Whether that feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Alstonville a good place to invest?

Accepted Answer

The clearest feature of Alstonville over the past year is that unit values climbed 18.1% and house values rose 14.4%, both strong increases with units the stronger performer on the capital side. On the rental side, unit rents increased 7.8% (a solid rise) while house rents were up 4.4% (a modest rise), so rental income has grown more for units than for houses in the same period.

For someone weighing Alstonville up as an investment, the value figures speak to capital growth over the year and the rent figures to rental income. Units outpaced houses on both measures this year; whether that pattern fits your needs depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$970K	$755K
Change in value Past 12 months	14.4%	18.1%
Sold Past 3 months	19	11
Median days on market Past 12 months	35	33
Average rent Past 12 months	$710	$550
Change in rent Past 12 months	4.4%	7.8%

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