East Ballina has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.10% to date .
Across a shorter period, East Ballina, 2478 has seen a median price increase of -0.19% over the last quarter.
Sellers are offering property buyers an average discount of -4.28% to buyers in East Ballina at the moment, which is less than average for the rest of NSW.
In the last year 76 properties changed hands in East Ballina, which puts it as the 427th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $550 mark per week – giving a return of 4.24% based on the median price in Suburb
Over the last year, property investments in East Ballina, 2478 have given investors a capital gain of 17.86%. This compares very favourably with the 8.63% for NSW as a whole.
East Ballina,2478 has offered an average of 17.86% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in East Ballina, 2478. Typically our figures indicate that -3.76% is being offered, which puts this NSW suburb at 1073th most discounted overall in Australia.
Often selling an investment property can take time, and in East Ballina the average time real estate has been on the market is 86.58 days.
The NSW suburb of East Ballina, 2478 is in the Ballina local government area.