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.