Property investors who have had real estate in West Ballina, 2478 should be ok 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 5.98%
Taking the average capital gain, or increase in median house value, West Ballina,2478 has racked up an average of 5.98% over the period. This ranks it number 1267th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in West Ballina are currently offering property investors an average price cut of -4.58% below the asking price at the moment.
Residents and property investors in West Ballina have been waiting around 80 days to sell a property.
With the median price for a house in West Ballina being $540500 and the advertised rent reaching $465 the gross rental yield for property investors calculates out to be 4.47%
Investment property in West Ballina has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.75%
Taking the average capital gain, or increase in median house value, West Ballina,2478 has racked up an average of 4.75% over the period. This ranks it number 1173th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.42% offered to property buyers. Sellers in West Ballina itself are offering an average vendor discount of -3.24% to real estate investors.
In the last year 35 properties changed hands in West Ballina, which puts it as the 333th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $390 weekly from the median priced house in this suburb.