The suburb’s capital gain of -3.42% for the past year is lower than average compared to its 17.78% growth within a five-year period.
Also in OCEAN BEACH, the median home price is sitting at $530,000, and the average rent at $375, this suggests property owners could potentially earn a 3.68% increase in gross rental yield.
Property investors have seen a 0.95% gain in OCEAN BEACH based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 0.84% growth over a ten-year period. It ranks 3741st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-3.42%||N/A|
|Median 3 years||-8.23%||N/A|
|Median 5 years||17.78%||N/A|
|10 years average annual||0.84%||N/A|
|Weekly media advert. rent||$375||N/A|
|Time on Market||160.2 days||N/A|
|Gross Rental Yield Percent||3.68%||N/A|