With a capital gain of 36.11% for the last 12 months, West Ballina, 2478 has performed for property investments than its average annual 5.35% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in West Ballina has increased when compared to the 5 year average annual rate.
Vendor discounting in West Ballina is giving property investors an average Vendor Discount of around -5.15%. This puts suburb at number 593th in NSW when ranking the most discounted suburbs.
NSW has seen average median house prices change by 8.14% which means that West Ballina, 2478 has done well for property investors by showing a capital gain of 17.42% over the last year
A 12.73% growth in median value for property investors in West Ballina,2478 puts this suburb at number 107th in terms of best performing suburbs 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 -3.14% is being offered, which puts this NSW suburb at 1288th most discounted overall in Australia.
On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.
Advertised rents are around the $380 mark per week – giving a return of 5.10% based on the median price in Suburb