Ourimbah is in the TOP 30% in NSW when comparing median price capital growth over the last year. Ourimbah gave property investors a good capital gain figure when compared to the rest of the state, with 2.08%.
If we look at median property appreciation over just the last three months, Ourimbah has given property investors a paper return of 2.79%. This puts Suburb as 159 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Ourimbah are currently offering property investors an average price cut of -8.31% below the asking price at the moment.
Residents and property investors in Ourimbah have been waiting around 93.04 days to sell a property.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.17%, without taking into account capital value appreciation, which has been averaging out at 8.28%.
Ourimbah is in the TOP 20% in NSW when comparing median price capital growth over the last year. Ourimbah gave property investors a very good capital gain figure when compared to the rest of the state, with 6.31%.
Over the longer term, Ourimbah has seen property prices show investors a 18.03% return over the last 3 years. This is worse than over the last 12 months
Often selling an investment property can take time, and in Ourimbah the average time real estate has been on the market is 42.7857 days.
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Affordable suburb stumbles
Median unit price: $410,000
Three-year growth: 11.6%
Rental yield: 4.8%
The suburb of Ourimbah is beloved by families as being a great place to raise children in a quiet, environmentally friendly community.
The suburb is reasonably affordable, with a median unit price of just over $400,000. While prices slipped over the December 2017-2018 period, Ourimbah has had a strong track record of growth over the past five years.
What the suburb lacks in entertainment and dining options, it makes up for in its proximity to surfing beaches and local nature trails. Ourimbah is an outdoors community, and is festooned with trees. However, it has no shortage of amenities either, with the trains on the Sydney-Newcastle railway line passing through the local railway station. Ourimbah Public School is the oldest educational institution on the Central Coast, and the University of Newcastle has a campus right in town.