With a capital gain of 7.09% for the last 12 months, Ourimbah, 2258 has performed for property investments than its average annual 3.41% property growth over the last 5 years.
Comparing Ourimbah,2258 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -3.97% to buyers in Ourimbah at the moment, which is less than average for the rest of NSW.
A $455 per week rent on the median house gives suburb investors a gross yield of circa 4.32%, without taking into account capital value appreciation, which has been averaging out at 3.41%.
At number 1349th in the list of Australian suburbs ordered by increase in median house value over the last year, Ourimbah, 2258 is in the BOTTOM 30% with a property value increase of -3.29% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ourimbah has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Ourimbah is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 71th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Ourimbah the average time real estate has been on the market is 27.85 days.
Ourimbah, 2258’s gross rental yield is 5.06%