AREA REPORTS

Ourimbah

Suburb Profile

Ourimbah - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2258

house
unit

OURIMBAH, 2258 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling OURIMBAH, 2258 values up and netting property investors a capital gain of 5.07% for the past year.

Investors saw the median home price rise to $730,250.

Profits due to an upward trend in home prices in the suburb averaged 14.4% per annum over a 3-year period.

OURIMBAH now ranks at the 598th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in OURIMBAH are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $485 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In OURIMBAH, homes and units usually stay on listing for an average of 57.3 days.

In 2016, 64 properties were sold in OURIMBAH during the past year, making it the 239th most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $730,250 $409,000
GROWTH REPORT
Median Quarterly 0.38% -0.61%
Median 12 month 5.07% -10.01%
Median 3 years 43.19% 9.07%
Median 5 years 73.87% 46.07%
10 years average annual 8% 6.74%
Weekly media advert. rent $485 $365
Time on Market 57.3 days 29.7 days
Gross Rental Yield Percent 3.45% 4.64%
demographics (median values)
Total Population
3077
Weekly Household Income
1103
Household Size
2.80
demographics
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