Ocean Shores has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 27.74% to date .
If we look at median property appreciation over just the last three months, Ocean Shores has given property investors a paper return of 4.56%. This puts Suburb as 454 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in Ocean Shores 2483 should be seeing an average reduction in asking price of around -4.21% . This means that Ocean Shores is holding prices well when compared to other suburbs in NSW.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.84%, without taking into account capital value appreciation, which has been averaging out at 5.64%.
Investment property in Ocean Shores has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.96%
Ocean Shores,2483 was ranked 291 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Ocean Shores is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 227th in terms of most discounted suburbs in NSW
In the last year 54 properties changed hands in Ocean Shores, which puts it as the 264th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Ocean Shores being $505500 and the advertised rent reaching $385 the gross rental yield for property investors calculates out to be 3.96%