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West Ballina
AREA REPORTS

West Ballina

West Ballina - 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 5.25% growth over a ten-year period. It ranks 1902nd 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 15.23% for the past year, which is higher than average compared to its 22.81% growth within a five-year period.

With the median home price in WEST BALLINA sitting at $700,000, and the average rent at $650, property owners could potentially earn a 4.83% 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.

Data report can be found below

West Ballina
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $700,000 $527,500
GROWTH REPORT
Median Quarterly 4.48% 0%
Median 12 month 15.23% 15.3%
Median 3 years 11.55% 19.89%
Median 5 years 22.81% 33.97%
10 years average annual 5.25% 4.95%
Weekly media advert. rent $650 $500
Time on Market 45.7 days 29.4 days
Gross Rental Yield Percent 4.83% 4.93%
demographics (median values)*
Total Population
28310
Weekly Household Income
1140
Household Size
2.30
Age
48
Monthly Loan Repayment
1733
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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