Suburb Profile Report for Ocean Shores NSW (2483)

Ocean Shores House: Median price $685,000, Annual capital growth 5.93%, Number of sales 112, Weekly median advertised rent $505

Ocean Shores Unit: Median price $520,000, Annual capital growth 5.21%, Number of sales 51, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Ocean Shores, 2483 have given investors a capital gain of 28.94%. This compares very favourably with the 10.13% for NSW as a whole.

Comparing Ocean Shores,2483 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.28% offered to property buyers. Sellers in Ocean Shores itself are offering an average vendor discount of -4.23% to real estate investors.

If you compare the increase in value of investment property in Ocean Shores, 2483 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 15.56%.

Ocean Shores,2483 has offered an average of 15.56% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Ocean Shores is giving property investors an average Vendor Discount of around -3.75%. This puts suburb at number 264th in NSW when ranking the most discounted suburbs.

Residents and property investors in Ocean Shores have been waiting around 109.63 days to sell a property.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 3.80%, without taking into account capital value appreciation, which has been averaging out at 5.21%.

Metrics i HOUSE UNIT
$685,000 $520,000
4.66% 6.56%
28.94% 15.56%
5.93% 5.21%
$505 $380
112 51
3.83% 3.80%
80.78 109.63

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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
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