Suburb Profile Report for Ocean Shores NSW (2483)

Ocean Shores House: Median price $550,000, Annual capital growth 3.67%, Number of sales 109, Weekly median advertised rent $480

Ocean Shores Unit: Median price $458,400, Annual capital growth 4.75%, Number of sales 32, Weekly median advertised rent $460

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$550,000 $458,400
3.77% 3.01%
6.80% 9.93%
3.67% 4.75%
$480 $460
109 32
4.54% 5.22%
79.16 57.35

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