Suburb Profile Report for Ourimbah NSW (2258)

Ourimbah House: Median price $700,000, Annual capital growth 7.95%, Number of sales 58, Weekly median advertised rent $440

Ourimbah Unit: Median price $452,250, Annual capital growth 6.92%, Number of sales 17, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 10.55% which means that Ourimbah, 2258 has done well for property investors by showing a capital gain of 27.04% over the last year

While Ourimbah,2258 ranked number 1070th in NSW for increase in median house value (annualised) increase, it is ranked 329th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ourimbah, 2258. Typically our figures indicate that -6.32% is being offered, which puts this NSW suburb at 1423th most discounted overall in Australia.

At number 236 in a list of fastest selling suburbs, Ourimbah is in the TOP 10% of suburbs in Australia with an average of days on market 35.66 for properties listed there.

Advertised rents are around the $440 mark per week – giving a return of 3.27% based on the median price in Suburb

At number 112th 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 23.06% recorded in median house prices.

Ourimbah,2258 was ranked 187 in Australia by increase in median property value over the quarter.

Property buyers and investors in Ourimbah 2258 should be seeing an average reduction in asking price of around -1.54% . This means that Ourimbah is holding prices well when compared to other suburbs in NSW.

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

Metrics i HOUSE UNIT
$700,000 $452,250
0.00% 6.66%
27.04% 23.06%
7.95% 6.92%
$440 $350
58 17
3.27% 4.02%
35.66 9.63

Source: CoreLogic

DSR Score for property investment : 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