Ocean View

POSTAL CODE: QLD, 4521

HOUSE

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

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,450,000.

The upward trend in home prices in OCEAN VIEW, 4521 averaged 3.85% per annum over a 3-year period.

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 OCEAN VIEW.

An average of 1.92 real estate transactions take place per month in OCEAN VIEW which translates to 23 per annum.

23 properties were sold in OCEAN VIEW in 2016, making it the 540th most active market in QLD based on total real estate transactions.

OCEAN VIEW, 4521 places 38th 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	$1,450,000	N/A
Growth Report
Median Quarterly	11.54%	N/A
Median 12 month	9.21%	N/A
Median 3 years	11.54%	N/A
Median 5 years	64.77%	N/A
10 years average annual	9.52%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	89.8 days	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population 664

Weekly Household Income 1136

Household Size 2.70

Average Age 40

Monthly Loan Repayment 1700

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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