Property investors who have had real estate in West Ballina, 2478 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -14.41%
The five-year average increase in median property values for West Ballina,2478 has given property investors a potential capital gain of -6.22% across each of those five years.
Vendor discounting in West Ballina is giving property investors an average Vendor Discount of around -3.06%. This puts suburb at number 1081th in NSW when ranking the most discounted suburbs.
Residents and property investors in West Ballina have been waiting around 56.78 days to sell a property.
West Ballina is in the bottom 20% in NSW when comparing median price capital growth over the last year. West Ballina gave property investors a dismal capital gain figure when compared to the rest of the state, with -3.67%.
If we look at median property appreciation over just the last three months, West Ballina has given property investors a paper return of -4.91%. This puts Suburb as 522 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in West Ballina is giving property investors an average Vendor Discount of around -3.34%. This puts suburb at number 310th in NSW when ranking the most discounted suburbs.
On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 5.51%, without taking into account capital value appreciation, which has been averaging out at 3.09%.