Suburb Profile Report for Ourimbah NSW (2258)

Ourimbah House: Median price $620,000, Annual capital growth 6.04%, Number of sales 61, Weekly median advertised rent $450

Ourimbah Unit: Median price $407,500, 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

NSW has seen average median house prices change by 6.38% which means that Ourimbah, 2258 has done well for property investors by showing a capital gain of 18.10% over the last year

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.

Ourimbah, 2258 is offering NSW ‘s 616th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.

At number 993 in a list of fastest selling suburbs, Ourimbah is in the TOP 30% of suburbs in Australia with an average of days on market 63.2 for properties listed there.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 6.04%, investors should hope to achieve an overall return of 3.77%

Over the last year, property investments in Ourimbah, 2258 have given investors a capital gain of 14.79%. This compares very favourably with the 5.59% for NSW as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Ourimbah comes in at number 121th in NSW.

Sellers are offering property buyers an average discount of -5.72% to buyers in Ourimbah at the moment, which is less than average for the rest of NSW.

With the median price for a house in Ourimbah being $407500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.59%

HOUSE UNIT
$620,000 $407,500
9.25% 8.67%
18.10% 14.79%
6.04% 5.20%
$450 $360
61 24
3.77% 4.59%
63.2 25.8

Source: CoreLogic

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