Investment property in Ocean Shores has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.98%
Ocean Shores,2483 was ranked 1308 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.52% offered to property buyers. Sellers in Ocean Shores itself are offering an average vendor discount of -4.76% to real estate investors.
In the last year 105 properties changed hands in Ocean Shores, which puts it as the 262th most active market in NSW when comparing the number of sales per suburb.
Ocean Shores, 2483’s gross rental yield is 4.64%
NSW has seen average median house prices change by 8.14% which means that Ocean Shores, 2483 has done well for property investors by showing a capital gain of 8.20% over the last year
While Ocean Shores,2483 ranked number 113th in NSW for increase in median house value (annualised) increase, it is ranked 400th over the last 5 years.
Property investors looking for a bargain in Ocean Shores should be aiming for at least -3.33% off the asking price, which is the average vendor discount being achieved at the moment.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 5.28%, without taking into account capital value appreciation, which has been averaging out at 4.95%.