Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $699,000.
The upward trend in home prices in EAST BALLINA, 2478 averaged 9.77% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 4.09% increase in returns based on the current median price in EAST BALLINA.
An average of 5.17 real estate transactions take place per month in EAST BALLINA which translates to 62 per annum.
62 properties were sold in EAST BALLINA in 2016, making it the 238th most active market in NSW based on total real estate transactions.
EAST BALLINA, 2478 places 332nd in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $472,500.
Average median unit prices in NSW have risen as a whole, pulling EAST BALLINA, 2478 values up and netting property investors a capital gain of 10.66% for the past year.
Investors saw the median home price rise to $472,500.
The upward trend in home prices in EAST BALLINA, 2478 averaged 8.61% per annum over a 3-year period.
EAST BALLINA now ranks at the 522nd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in EAST BALLINA are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In EAST BALLINA, homes and units usually stay on listing for an average of 95.8 days.
73 properties were sold in EAST BALLINA in 2016, making it the 60th most active market in NSW based on total real estate transactions.
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