West Ballina is in the bottom 30% in NSW when comparing median price capital growth over the last year. West Ballina gave property investors a disappointing capital gain figure when compared to the rest of the state, with 5.60%.
A 41.46% growth in median value for property investors in West Ballina,2478 puts this suburb at number 42th in terms of best performing suburbs in NSW
Vendor discounting in West Ballina is giving property investors an average Vendor Discount of around -3.89%. This puts suburb at number 564th in NSW when ranking the most discounted suburbs.
On average over the past year, suburb has had 3.83 sales per month, which equates to 46 per year.
Situated 597.04km from the CBD, West Ballina is one of Ballina localities in the postcode 2478.
Property value increases in West Ballina have tracked just higher than the NSW average of 8.39% over the last 12 months.
While West Ballina,2478 ranked number 57th in NSW for increase in median house value (annualised) increase, it is ranked 303th over the last 5 years.
Advertised rents are around the $390 mark per week – giving a return of 4.74% based on the median price in Suburb