Suburb Profile Report for Ocean Shores NSW (2483)

Ocean Shores House: Median price $705,000, Annual capital growth 6.41%, Number of sales 124, Weekly median advertised rent $580

Ocean Shores Unit: Median price $520,000, Annual capital growth 5.49%, Number of sales 55, Weekly median advertised rent $383

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

Source: CoreLogic

  • House Report
  • Unit Report

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 29.36%

While Ocean Shores,2483 ranked number 545th in NSW for increase in median house value (annualised) increase, it is ranked 562th over the last 5 years.

Ocean Shores, 2483 is offering NSW ‘s 767th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this NSW.

Advertised rents are around the $579.5 mark per week – giving a return of 4.27% based on the median price in Suburb

Property value increases in Ocean Shores have tracked just higher than the NSW average of 8.63% over the last 12 months.

While Ocean Shores,2483 ranked number 360th in NSW for increase in median house value (annualised) increase, it is ranked 359th over the last 5 years.

Our latest figures would indicate that property sellers in Ocean Shores are currently offering property investors an average price cut of -3.80% below the asking price at the moment.

Metrics i HOUSE UNIT
$705,000 $520,000
2.92% 0.48%
29.36% 14.70%
6.41% 5.49%
$580 $383
124 55
4.27% 3.83%
79.59 109.37

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
Chart Table
Recent sales & rentals