Suburb Profile Report for Ourimbah NSW (2258)

Ourimbah House: Median price $630,000, Annual capital growth 5.89%, Number of sales 57, Weekly median advertised rent $450

Ourimbah Unit: Median price $407,500, Annual capital growth 5.04%, 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

Investment property in Ourimbah has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.43%

If we look at median property appreciation over just the last three months, Ourimbah has given property investors a paper return of 8.15%. This puts Suburb as 151 on a list of fastest fasting appreciating suburbs in NSW

Our latest figures would indicate that property sellers in Ourimbah are currently offering property investors an average price cut of -5.28% below the asking price at the moment.

In the last year 57 properties changed hands in Ourimbah, which puts it as the 574th most active market in NSW when comparing the number of sales per suburb.

The NSW suburb of Ourimbah, 2258 is in the Wyong local government area.

Ourimbah, 2258 ranked 88th in NSW when comparing growth in median property values or capital gain over the last 12 months. Ourimbah is one of 3163 in our list for NSW

Comparing Ourimbah,2258 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

At number 189th of NSW’s most discounted properties, Ourimbah is in the middle of the state/territory when listing in order of most discounted to least.

At number 6 in a list of fastest selling suburbs, Ourimbah is in the TOP 10% of suburbs in Australia with an average of days on market 22.47 for properties listed there.

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 5.04%, investors should hope to achieve an overall return of 4.59%

HOUSE UNIT
$630,000 $407,500
8.15% 7.24%
19.43% 14.79%
5.89% 5.04%
$450 $360
57 24
3.71% 4.59%
65.19 22.47

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (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