Suburb Profile Report for Ocean Shores NSW (2483)

Ocean Shores House: Median price $625,000, Annual capital growth 4.65%, Number of sales 113, Weekly median advertised rent $520

Ocean Shores Unit: Median price $490,000, Annual capital growth 5.63%, Number of sales 44, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Ocean Shores, 2483 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 20.19%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ocean Shores has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Ocean Shores should be aiming for at least -3.95% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Ocean Shores have been waiting around 85.25 days to sell a property.

Situated 634.05km from the CBD, Ocean Shores is one of Byron localities in the postcode 2483.

At number 259th in the list of Australian suburbs ordered by increase in median house value over the last year, Ocean Shores, 2483 is in the top 20% with a property value increase of 12.71% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Ocean Shores comes in at number 128th in NSW.

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 Ocean Shores, 2483. Typically our figures indicate that -4.31% is being offered, which puts this NSW suburb at 999th most discounted overall in Australia.

In the last year 44 properties changed hands in Ocean Shores, which puts it as the 289th most active market in NSW when comparing the number of sales per suburb.

HOUSE UNIT
$625,000 $490,000
13.12% 6.52%
20.19% 12.71%
4.65% 5.63%
$520 $450
113 44
4.33% 4.78%
85.25 126.6

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 4869
Median household income ($/weekly) 907
Median age of persons 41
Median housing loan repayment ($/monthly) 1733
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 656 13.5
    25-34 years 457 9.4
    35-44 years 738 15.2
    45-54 years 802 16.5
    55-64 years 685 14.1
    Others 1532 31.5
    Age Group
    Census Count Percent(%)
    Not Married 1590 44.2
    Registered Married 1476 41.0
    Defacto Relationship 532 14.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3892 82.7
    Greece 54 1.1
    Papua New Guinea 98 2.1
    United Kingdom 281 6.0
    Other 165 3.5
    Others 216 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 128 3.0
    Christianity 2321 53.6
    Judaism 55 1.3
    Other Religious Groups 55 1.3
    No Religion 1751 40.4
    Others 23 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 248 14.4
    $600-$799 220 12.8
    $800-$999 219 12.7
    $1,000-$1,249 204 11.9
    $1,500-$1,999 194 11.3
    Others 635 36.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1495 39.6
    Employed, worked full-time 992 26.3
    Employed, worked part-time 935 24.8
    Unemployed, looking for work 202 5.4
    Employed, away from work 151 4.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 444 21.4
    Technicians & trades workers 313 15.1
    Community & personal service workers 260 12.5
    Clerical & administrative workers 238 11.5
    Labourers 250 12.0
    Others 573 27.6
    Occupation
    Census Count Percent(%)
    Pre-school 101 8.7
    Infants/Primary 416 35.9
    Secondary 349 30.1
    Technical or Further Educational Institution 131 11.3
    University or other Tertiary Institutions 129 11.1
    Others 34 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4222 89.9
    Semi-detached, row or terrace house, townhouse 247 5.3
    Flat, unit or apartment 213 4.5
    House or flat attached to a shop, office 10 0.2
    Caravan, cabin, houseboat 4 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 680 35.7
    Fully owned 661 34.7
    Rented 552 29.0
    Other tenure type 12 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals