Giving property investors a an average capital gain of 5.74% for the last year, East Ballina, 2478 is the 1816th highest performer in Australia in this respect.
East Ballina,2478 was ranked 2486 in Australia by increase in median property value over the quarter.
At number 844th of NSW’s most discounted properties, East Ballina is in the TOP 40% of the state/territory when listing in order of most discounted to least.
In the last year 65 properties changed hands in East Ballina, which puts it as the 501th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in East Ballina being $645000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 4.43%
Over the last year, property investments in East Ballina, 2478 have given investors a capital gain of 13.50%. This compares very favourably with the 5.41% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, East Ballina comes in at number 308th in NSW.
Property investors looking for a bargain in East Ballina should be aiming for at least -3.77% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $395 mark per week – giving a return of 4.72% based on the median price in Suburb