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 Price | $530,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.95% | N/A |
| 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 |
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