At number 174th in the list of Australian suburbs ordered by increase in median house value over the last year, Ourimbah, 2258 is in the top 10% with a property value increase of 22.64% recorded in median house prices.
Across a shorter period, Ourimbah, 2258 has seen a median price increase of 11.11% over the last quarter.
Property investors looking for a bargain in Ourimbah should be aiming for at least -4.76% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Ourimbah being $650000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.60%
If you compare the increase in value of investment property in Ourimbah, 2258 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 15.77%.
If we look at median property appreciation over just the last three months, Ourimbah has given property investors a paper return of 6.06%. This puts Suburb as 81 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in Ourimbah 2258 should be seeing an average reduction in asking price of around -4.68% . This means that Ourimbah is holding prices well when compared to other suburbs in NSW.
Ourimbah is 169th on a list of best yielding suburbs for rents in NSW with a 4.55% return