With a capital gain of 7.46% for the last 12 months, East Ballina, 2478 has performed for property investments than its average annual 3.95% property growth over the last 5 years.
East Ballina,2478 has offered an average of 7.46% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in East Ballina should be aiming for at least -4.71% off the asking price, which is the average vendor discount being achieved at the moment.
East Ballina, 2478’s gross rental yield is 4.36%
Property value increases in East Ballina have tracked just higher than the NSW average of 5.73% over the last 12 months.
While East Ballina,2478 ranked number 71th in NSW for increase in median house value (annualised) increase, it is ranked 404th over the last 5 years.
The most recent median price for East Ballina is $447500, with sellers offering an average of -3.69% off the asking price.
With the median price for a house in East Ballina being $447500 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 4.53%