Ballina Shire’s property market has continued to show remarkable resilience, with a string of million-dollar sales in the opening weeks of July defying ongoing economic uncertainty and higher borrowing costs.

The latest sales data published by realestate.com.au shows strong demand for quality homes across the shire, particularly in the coastal and lifestyle markets.

The standout transaction in the last few weeks was the sale of 488 Uralba Road, Lynwood, which changed hands for $2.71 million.

Principal and owner of Century 21 Alstonville and Byron Bay Noel Outerbridge said there was still strong interest in lifestyle properties such as the one sold at Lynwood.

Ballina itself also remained active, with several properties selling above the $1 million mark, reinforcing the town’s growing appeal as a lifestyle destination.

The market has remained firm despite higher interest rates over recent months increasing borrowing costs for home buyers and uncertainty surrounding proposed changes to Australia’s negative gearing rules.

Mr Outerbridge said some of these factors had come up in discussions with buyers, but the local market generally remained buoyant.

“People are still wanting to come because of the quality of life and getting out of the cities,” he said.

The latest figures are based on publicly reported settled sales published by realestate.com.au and PropTrack during the first half of July and provide another indication that confidence in the local property market remains strong despite broader economic headwinds.

Photo: Despite interest rate rises and ongoing economic uncertainty, property sales in the local market continue to remain strong.