Suburb Profile Report for Ocean Shores NSW (2483)

Ocean Shores House: Median price $677,000, Annual capital growth 5.64%, Number of sales 117, Weekly median advertised rent $500

Ocean Shores Unit: Median price $505,500, Annual capital growth 5.36%, Number of sales 54, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report

Ocean Shores has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 27.74% to date .

If we look at median property appreciation over just the last three months, Ocean Shores has given property investors a paper return of 4.56%. This puts Suburb as 454 on a list of fastest fasting appreciating suburbs in NSW

Property buyers and investors in Ocean Shores 2483 should be seeing an average reduction in asking price of around -4.21% . This means that Ocean Shores is holding prices well when compared to other suburbs in NSW.

A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.84%, without taking into account capital value appreciation, which has been averaging out at 5.64%.

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 12.96%

Ocean Shores,2483 was ranked 291 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Ocean Shores is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 227th in terms of most discounted suburbs in NSW

In the last year 54 properties changed hands in Ocean Shores, which puts it as the 264th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in Ocean Shores being $505500 and the advertised rent reaching $385 the gross rental yield for property investors calculates out to be 3.96%

Metrics i HOUSE UNIT
$677,000 $505,500
4.56% 5.31%
27.74% 12.96%
5.64% 5.36%
$500 $385
117 54
3.84% 3.96%
80.18 117.44

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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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