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 4.51% growth over a ten-year period. It ranks 1707th 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 9.07% for the past year, which is lower than average compared to its 47.38% growth within a five-year period.
With the median home price in WEST BALLINA sitting at $589,500, and the average rent at $497.5, property owners could potentially earn a 4.39% 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.
Homeowners and real estate investors betting on WEST BALLINA, 2478 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 14%.
A steady increase in median property prices over a five-year period in WEST BALLINA, 2478 translates to a 37.9% capital gain.
Property investors enjoyed capital gains of 14% over the last 12 months in WEST BALLINA, translating to lower returns compared with its peers in NSW.
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 $427,500.
Profits due to an upward trend in home prices in WEST BALLINA, 2478 averaged 12.63% per annum over a 3-year period.
Home owners selling their properties and realtors in WEST BALLINA usually have to wait an average of 110.4 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $395 mark, reflecting a 4.8% increase in returns based on the current median price in WEST BALLINA.
WEST BALLINA, 2478 places 461st in Australia based on median property value growth during the quarter.