At number 1023th in the list of Australian suburbs ordered by increase in median house value over the last year, East Ballina, 2478 is in the top 30% with a property value increase of 10.12% recorded in median house prices.
If we look at median property appreciation over just the last three months, East Ballina has given property investors a paper return of 0.31%. This puts Suburb as 783 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in East Ballina are currently offering property investors an average price cut of -2.88% below the asking price at the moment.
Advertised rents are around the $540 mark per week – giving a return of 4.37% based on the median price in Suburb
Over the last year, property investments in East Ballina, 2478 have given investors a capital gain of 15.07%. This compares very favourably with the 6.59% for NSW as a whole.
Across a shorter period, East Ballina, 2478 has seen a median price increase of 0.00% over the last quarter.
Our latest figures would indicate that property sellers in East Ballina are currently offering property investors an average price cut of -3.66% below the asking price at the moment.
East Ballina is 157th on a list of best yielding suburbs for rents in NSW with a 4.74% return