Property value increases in Ocean Shores have tracked close to the NSW average of 7.15% over the last 12 months.
Comparing Ocean Shores,2483 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Ocean Shores is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 766th in terms of most discounted suburbs in NSW
With a capital gain of 9.93% for the last 12 months, Ocean Shores, 2483 has performed for property investments than its average annual 4.75% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Ocean Shores,2483 has racked up an average of 9.93% over the period. This ranks it number 489th in the whole country for real estate investors looking at median house price increases.
Ocean Shores2483 is located in NSW which offers an average discount of -4.48% to property investors. Ocean Shores itself is showing figures that indicate -3.81% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Ocean Shores the average time real estate has been on the market is 57.35 days.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 4.75%, investors should hope to achieve an overall return of 5.22%