The suburb’s capital gain of -22.14% for the past year is lower than average compared to its 0.66% growth within a five-year period.
Also in OCEAN BEACH, the median home price is sitting at $455,500, and the average rent at $380, this suggests property owners could potentially earn a 4.34% increase in gross rental yield.
Property investors have seen a -14.06% drop in OCEAN BEACH based on a decrease 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 -1.61% decrease over a ten-year period. It ranks 3997th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-22.14%||N/A|
|Median 3 years||-19.38%||N/A|
|Median 5 years||0.66%||N/A|
|10 years average annual||-1.61%||N/A|
|Weekly media advert. rent||$380||N/A|
|Time on Market||174.9 days||N/A|
|Gross Rental Yield Percent||4.34%||N/A|