At number 1325th in the list of Australian suburbs ordered by increase in median house value over the last year, East Ballina, 2478 is in the top 40% with a property value increase of 3.61% recorded in median house prices.
Taking the average capital gain, or increase in median house value, East Ballina,2478 has racked up an average of 3.61% over the period. This ranks it number 978th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -8.94% to buyers in East Ballina at the moment, which is less than average for the rest of NSW.
Residents and property investors in East Ballina have been waiting around 80.6071 days to sell a property.
The NSW suburb of East Ballina, 2478 is in the Ballina (A) local government area.
East Ballina, 2478 ranked 171th in NSW when comparing growth in median property values or capital gain over the last 12 months. East Ballina is one of 3163 in our list for NSW
When looking at the potential capital gains offered to property investors over the last 3 years, East Ballina comes in at number 86th 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 East Ballina, 2478. Typically our figures indicate that -6.37% is being offered, which puts this NSW suburb at 434th most discounted overall in Australia.
Often selling an investment property can take time, and in East Ballina the average time real estate has been on the market is 75.2609 days.
Using the current median advertised rental of $447.5 and the average annual increase in value of a median property of 3.74%, investors should hope to achieve an overall return of 4.61%