A survey of average capital gains or median home price increase in suburbs across the country shows that WEST BALLINA, 2478 obtained a 3.02% growth over a ten-year period. It ranks 2406th on our list of suburbs that property investors should look into.
WEST BALLINA, 2478 in NSW belongs to the local government area of Ballina.
WEST BALLINA, 2478 has a capital gain of 15.38% for the past year, which is higher than average compared to its 45.45% growth within a five-year period.
With the median home price in WEST BALLINA sitting at $600,000, and the average rent at $517.5, property owners could potentially earn a 4.49% increase in gross rental yield.
A steady increase in median property prices over a five-year period in WEST BALLINA, 2478 translates to a 8.13% capital gain.
WEST BALLINA, 2478 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 $346,000.
Profits due to an upward trend in home prices in WEST BALLINA, 2478 averaged 2.71% per annum over a 3-year period.
Home owners selling their properties and realtors in WEST BALLINA usually have to wait an average of 116.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $420 mark, reflecting a 6.31% increase in returns based on the current median price in WEST BALLINA.
WEST BALLINA, 2478 places 521st in Australia based on median property value growth during the quarter.