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 23.56%
Ocean Shores,2483 was ranked 159 in Australia by increase in median property value over the quarter.
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 -3.85% is being offered, which puts this NSW suburb at 3286th most discounted overall in Australia.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 4.43%, without taking into account capital value appreciation, which has been averaging out at 5.33%.
Ocean Shores has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 13.70% to date .
Comparing Ocean Shores,2483 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Ocean Shores are currently offering property investors an average price cut of -4.18% below the asking price at the moment.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.80%, without taking into account capital value appreciation, which has been averaging out at 4.84%.