West Ballina is in the bottom 10% 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 -5.03%.
Taking the average capital gain, or increase in median house value, West Ballina,2478 has racked up an average of -5.03% over the period. This ranks it number 1700th in the whole country for real estate investors looking at median house price increases.
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 West Ballina, 2478. Typically our figures indicate that -3.73% is being offered, which puts this NSW suburb at 3243th most discounted overall in Australia.
Often selling an investment property can take time, and in West Ballina the average time real estate has been on the market is 58.87 days.
The NSW suburb of West Ballina, 2478 is in the Ballina local government area.
Property investors who have had real estate in West Ballina, 2478 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.15%
Over the longer term, West Ballina has seen property prices show investors a 11.20% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in West Ballina 2478 should be seeing an average reduction in asking price of around -3.43% . This means that West Ballina is holding prices well when compared to other suburbs in NSW.
In the last year 39 properties changed hands in West Ballina, which puts it as the 313th most active market in NSW when comparing the number of sales per suburb.
Situated 413.52km from the CBD, West Ballina is one of Ballina localities in the postcode 2478.