With a capital gain of 7.03% for the last 12 months, West Ballina, 2478 has performed for property investments than its average annual 4.24% property growth over the last 5 years.
Across a shorter period, West Ballina, 2478 has seen a median price increase of -1.59% over the last quarter.
Property investors looking for a bargain in West Ballina should be aiming for at least -4.43% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in West Ballina the average time real estate has been on the market is 79.93 days.
Advertised rents are around the $440 mark per week – giving a return of 4.23% based on the median price in Suburb
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 7.91%
When looking at the potential capital gains offered to property investors over the last 3 years, West Ballina comes in at number 514th in NSW.
At number 334th of NSW’s most discounted properties, West Ballina is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $4680 per annum or $390 every week.