AREA REPORTS

Ocean Shores

NSW/
Ocean shores

Suburb Profile

Ocean Shores - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2483

house
unit

Property investments in OCEAN SHORES fare well against the rest of the country last year, registering a median home price increase of 6.43%.

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

Based on its average 5-year and quarterly capital gains OCEAN SHORES, 2483 saw average growth in the long term.

Real estate investors could earn a rental income of $580 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 75.1 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $745,000.

OCEAN SHORES ranks 349th on the list of best yielding suburbs for rental properties in NSW, posting a 4.05% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $745,000 $535,000
GROWTH REPORT
Median Quarterly 1.64% 0.94%
Median 12 month 6.43% 15.05%
Median 3 years 45.37% 27.68%
Median 5 years 63.74% 41.6%
10 years average annual 6.18% 6.24%
Weekly media advert. rent $580 $470
Time on Market 75.1 days 75.1 days
Gross Rental Yield Percent 4.05% 4.57%
demographics (median values)
Total Population
4679
Weekly Household Income
746.1
Household Size
2.50
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Renovation

‘Sexy’ reno options for cashed-up tenants

Renters's expectations evolve over time, and renovations for an investment property should work to create a higher asking price from potenti...

Suburbs

5,000-plus rise in homes up for auction last quarter

While Australia’s capital cities saw a continuation of softening in auction clearance rates over the December quarter, there was a conside...

Perth skyline

Infrastructure, retail spend tipped to boost west coast city

A rise in private spending in one recovering state for infrastructure and resource-related projects is likely to increase the attractiveness...

Carpenter building a roof of a house

Building boom creating cheaper buys, new report says

Australia’s capital cities experienced a rise in housing affordability over the last quarter of 2018, which one senior economist said is m...

Hobart Australia

3 property hotspots from 2018: will they do well in 2019?

Smart Property Investment’s Phil Tarrant and Sasha Karen, together with Momentum Media’s James Mitchell, look back on property hotspots ...

Adelaide

Property investment areas to watch and avoid in 2019

Based on her knowledge and experience as a property valuer, investment adviser, market commentator and author, one expert shares some of the...