With a capital gain of 11.94% for the last 12 months, West Ballina, 2478 has performed for property investments than its average annual 3.13% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, West Ballina,2478 has racked up an average of 11.94% over the period. This ranks it number 2120th 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 -6.09% below the asking price at the moment.
On average over the past year, suburb has had 3.42 sales per month, which equates to 41 per year.
Using the current median advertised rental of $515 and the average annual increase in value of a median property of 3.13%, investors should hope to achieve an overall return of 4.46%
Investment property in West Ballina has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.32%
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.
At number 445th of NSW’s most discounted properties, West Ballina is in the TOP 10% of the state/territory when listing in order of most discounted to least.
At number 1324 in a list of fastest selling suburbs, West Ballina is in the bottom 20% of suburbs in Australia with an average of days on market 116.83 for properties listed there.
West Ballina is 35th on a list of best yielding suburbs for rents in NSW with a 5.78% return