West Ballina

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 6.55% growth over a ten-year period. It ranks 2285th 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 4.05% for the past year, which is lower than average compared to its 33.73% growth within a five-year period.

With the median home price in WEST BALLINA sitting at $900,000, and the average rent at $750, 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.

A steady increase in median property prices over a five-year period in WEST BALLINA, 2478 translates to a 0% 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 $650,000.

Profits due to an upward trend in home prices in WEST BALLINA, 2478 averaged 0% per annum over a 3-year period.

Home owners selling their properties and realtors in WEST BALLINA usually have to wait an average of 51.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in WEST BALLINA.

WEST BALLINA, 2478 places 100th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$900,000	$650,000
Growth Report
Median Quarterly	3.45%	5.69%
Median 12 month	4.05%	-2.99%
Median 3 years	-7.34%	0%
Median 5 years	33.73%	38.3%
10 years average annual	6.55%	7.05%
Weekly media advert. rent	$750	N/A
Time on Market	70.2 days	51.2 days
Gross Rental Yield Percent	4.33%	0%

Demographics (Median Values)*

Total Population 28310

Weekly Household Income 1140

Household Size 2.30

Average 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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