Surging House Prices Leading To Longer Saving Times For FHBs
Strong buyer interest, spurred on by record-low interest rates as well as below average wage growth, means it is now pre...
Based on its average 5-year and quarterly capital gains WEST BALLINA, 2478 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that WEST BALLINA, 2478 obtained a 4.21% growth over a ten-year period. It ranks 2150th on our list of suburbs that property investors should look into.
WEST BALLINA, 2478 in NSW belongs to the local government area of Ballina (A).
WEST BALLINA, 2478 has a capital gain of 14.29% for the past year, which is higher than average compared to its 25.71% growth within a five-year period.
With the median home price in WEST BALLINA sitting at $660,000, and the average rent at $550, property owners could potentially earn a 4.33% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WEST BALLINA are low, as opposed to average gains per annum over the past five years.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.29%||19.48%|
|Median 3 years||10%||30.06%|
|Median 5 years||25.71%||47.84%|
|10 years average annual||4.21%||4.4%|
|Weekly media advert. rent||$550||$450|
|Time on Market||56.1 days||42.7 days|
|Gross Rental Yield Percent||4.33%||4.55%|