Suburb Profile Report for Ourimbah NSW (2258)

Ourimbah House: Median price $650,000, Annual capital growth 6.58%, Number of sales 53, Weekly median advertised rent $450

Ourimbah Unit: Median price $411,000, Annual capital growth 5.20%, Number of sales 24, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$650,000 $411,000
11.11% 6.06%
22.64% 15.77%
6.58% 5.20%
$450 $360
53 24
3.60% 4.55%
62.44 22.47

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4161
Median household income ($/weekly) 1341
Median age of persons 35
Median housing loan repayment ($/monthly) 1950
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 609 14.6
    25-34 years 488 11.7
    35-44 years 586 14.1
    45-54 years 664 16.0
    55-64 years 468 11.2
    Others 1347 32.4
    Age Group
    Census Count Percent(%)
    Registered Married 1508 50.0
    Not Married 1220 40.5
    Defacto Relationship 288 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3434 85.9
    New Zealand 16 0.4
    Papua New Guinea 95 2.4
    United Kingdom 219 5.5
    Other 64 1.6
    Others 169 4.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 1.0
    Christianity 2832 73.2
    Hinduism 17 0.4
    Islam 20 0.5
    No Religion 944 24.4
    Others 14 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 120 9.4
    $1,000-$1,249 133 10.4
    $1,500-$1,999 167 13.1
    $2,000-$2,499 150 11.8
    $2,500-$2,999 126 9.9
    Others 580 45.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1229 39.4
    Not in the labour force 901 28.9
    Employed, worked part-time 726 23.3
    Employed, away from work 135 4.3
    Unemployed, looking for work 128 4.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 253 12.1
    Professionals 413 19.8
    Technicians & trades workers 320 15.3
    Community & personal service workers 213 10.2
    Clerical & administrative workers 328 15.7
    Others 561 26.9
    Occupation
    Census Count Percent(%)
    Pre-school 108 8.9
    Infants/Primary 400 33.1
    Secondary 335 27.7
    Technical or Further Educational Institution 110 9.1
    University or other Tertiary Institutions 233 19.3
    Others 23 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3247 82.1
    Semi-detached, row or terrace house, townhouse 690 17.4
    Flat, unit or apartment 12 0.3
    Caravan, cabin, houseboat 5 0.1
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 662 47.4
    Fully owned 383 27.4
    Rented 348 24.9
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals