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Property investors enjoyed capital gains of 10.35% over the last 12 months in BALLINA, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 3.89% growth over a ten-year period. It ranks 1863rd on our list of suburbs that property investors should look into.
BALLINA, 2478 has a capital gain of 10.35% for the past year, which is higher than average compared to its 48.1% growth within a five-year period.
With the median home price in BALLINA sitting at $565,000, and the average rent at $500, property owners could potentially earn a 4.6% increase in gross rental yield.
A 10.35% increase in median property prices in BALLINA, 2478 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 37th.
Figures from the previous quarter show that capital gains for real estate buyers in BALLINA are low, as opposed to average gains per annum over the past five years.
BALLINA, 2478 in NSW belongs to the local government area of Ballina.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $565,000 | $410,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.67% | 3.14% |
| Median 12 month | 10.35% | 6.15% |
| Median 3 years | 33.89% | 26.15% |
| Median 5 years | 48.1% | 45.13% |
| 10 years average annual | 3.89% | 2.94% |
| Weekly media advert. rent | $500 | $390 |
| Time on Market | 61.8 days | 52.1 days |
| Gross Rental Yield Percent | 4.6% | 4.95% |
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