Over the last year, property investments in East Ballina, 2478 have given investors a capital gain of 8.92%. This compares averagely with the 8.99% for NSW as a whole.
While East Ballina,2478 ranked number 1017th in NSW for increase in median house value (annualised) increase, it is ranked 1033th over the last 5 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 -3.69% is being offered, which puts this NSW suburb at 3304th most discounted overall in Australia.
With the median price for a house in East Ballina being $635000 and the advertised rent reaching $535 the gross rental yield for property investors calculates out to be 4.38%
East Ballina is in the TOP 30% in NSW when comparing median price capital growth over the last year. East Ballina gave property investors a good capital gain figure when compared to the rest of the state, with 14.38%.
If we look at median property appreciation over just the last three months, East Ballina has given property investors a paper return of 3.60%. This puts Suburb as 108 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -3.83% to buyers in East Ballina at the moment, which is less than average for the rest of NSW.
Residents and property investors in East Ballina have been waiting around 71.68 days to sell a property.
East Ballina, 2478’s gross rental yield is 4.73%