AREA REPORTS

West Ballina

Suburb Profile

West Ballina - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2478

house
unit

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 4.12% growth over a ten-year period. It ranks 1863rd 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 28.08% for the past year, which is higher than average compared to its 54.76% growth within a five-year period.

With the median home price in WEST BALLINA sitting at $650,000, and the average rent at $495, property owners could potentially earn a 3.96% 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.

A 28.08% increase in median property prices in WEST BALLINA, 2478 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 37th.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $650,000 $427,500
GROWTH REPORT
Median Quarterly 6.56% 23.55%
Median 12 month 28.08% 7.68%
Median 3 years 44.44% 29.55%
Median 5 years 54.76% 33.59%
10 years average annual 4.12% 3.64%
Weekly media advert. rent $495 $420
Time on Market 96.4 days 126.5 days
Gross Rental Yield Percent 3.96% 5.11%
demographics (median values)
Total Population
2805
Weekly Household Income
628.9
Household Size
2.30
demographics
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