East Ballina is in the bottom 40% in NSW when comparing median price capital growth over the last year. East Ballina gave property investors a disappointing capital gain figure when compared to the rest of the state, with 5.47%.
Taking the average capital gain, or increase in median house value, East Ballina,2478 has racked up an average of 5.47% over the period. This ranks it number 1413th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in East Ballina itself are offering an average vendor discount of -4.59% to real estate investors.
East Ballina is 369th on a list of best yielding suburbs for rents in NSW with a 4.24% return
At number 234th in the list of Australian suburbs ordered by increase in median house value over the last year, East Ballina, 2478 is in the top 20% with a property value increase of 14.64% recorded in median house prices.
While East Ballina,2478 ranked number 92th in NSW for increase in median house value (annualised) increase, it is ranked 347th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that East Ballina is offering property investors an average of -4.26. This rate of discount on properties puts Suburb at number 323th in terms of most discounted suburbs in NSW
Situated 485.45km from the CBD, East Ballina is one of Ballina localities in the postcode 2478.