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%