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Ocean Shores
AREA REPORTS

Ocean Shores

Ocean Shores - 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 23.92%.

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 $750 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 51.3 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 $932,500.

OCEAN SHORES ranks 256th on the list of best yielding suburbs for rental properties in NSW, posting a 4.18% return.

Data report can be found below

Ocean Shores
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $932,500 $770,000
GROWTH REPORT
Median Quarterly 3.73% 8.45%
Median 12 month 23.92% 35.68%
Median 3 years 25.84% 28.98%
Median 5 years 69.55% 70.48%
10 years average annual 7.4% 7.84%
Weekly media advert. rent $750 $537.5
Time on Market 51.3 days 61.9 days
Gross Rental Yield Percent 4.18% 3.63%
demographics (median values)*
Total Population
10609
Weekly Household Income
1040
Household Size
2.30
Age
45
Monthly Loan Repayment
1724
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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