West Ballina has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 19.27% to date .
A 10.58% growth in median value for property investors in West Ballina,2478 puts this suburb at number 955th in terms of best performing suburbs in NSW
Vendor discounting in West Ballina is giving property investors an average Vendor Discount of around -4.95%. This puts suburb at number 659th in NSW when ranking the most discounted suburbs.
In the last year 41 properties changed hands in West Ballina, which puts it as the 769th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $450 mark per week – giving a return of 4.11% based on the median price in Suburb
If you compare the increase in value of investment property in West Ballina, 2478 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 10.31%.
When looking at the potential capital gains offered to property investors over the last 3 years, West Ballina comes in at number 518th in NSW.
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 -3.95% is being offered, which puts this NSW suburb at 1118th most discounted overall in Australia.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 2.70%, investors should hope to achieve an overall return of 5.60%