NSW has seen average median house prices change by 6.38% which means that Ourimbah, 2258 has done well for property investors by showing a capital gain of 18.10% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ourimbah has increased when compared to the 5 year average annual rate.
Ourimbah, 2258 is offering NSW ‘s 616th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
At number 993 in a list of fastest selling suburbs, Ourimbah is in the TOP 30% of suburbs in Australia with an average of days on market 63.2 for properties listed there.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 6.04%, investors should hope to achieve an overall return of 3.77%
Over the last year, property investments in Ourimbah, 2258 have given investors a capital gain of 14.79%. This compares very favourably with the 5.59% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Ourimbah comes in at number 121th in NSW.
Sellers are offering property buyers an average discount of -5.72% to buyers in Ourimbah at the moment, which is less than average for the rest of NSW.
With the median price for a house in Ourimbah being $407500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.59%