Suburb Profile Report for Ourimbah NSW (2258)

Ourimbah House: Median price $737,500, Annual capital growth 8.28%, Number of sales 28, Weekly median advertised rent $450

Ourimbah Unit: Median price $433,750, Annual capital growth 7.05%, Number of sales 18, Weekly median advertised rent $380

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

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.

Information supplied by:


March 2019

M
O

W
E

Affordable suburb stumbles

Postcode: 2258

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.

Metrics i HOUSE UNIT
$737,500 $433,750
2.79% 2.06%
2.08% 6.31%
8.28% 7.05%
$450 $380
28 18
3.17% 4.56%
93.04 42.7857142857143

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 4161
Median household income ($/weekly) 1341
Median age of persons 35
Median housing loan repayment ($/monthly) 1950
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 609 14.6
    25-34 years 488 11.7
    35-44 years 586 14.1
    45-54 years 664 16.0
    55-64 years 468 11.2
    Others 1347 32.4
    Age Group
    Census Count Percent(%)
    Registered Married 1508 50.0
    Not Married 1220 40.5
    Defacto Relationship 288 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3434 85.9
    New Zealand 16 0.4
    Papua New Guinea 95 2.4
    United Kingdom 219 5.5
    Other 64 1.6
    Others 169 4.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 1.0
    Christianity 2832 73.2
    Hinduism 17 0.4
    Islam 20 0.5
    No Religion 944 24.4
    Others 14 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 120 9.4
    $1,000-$1,249 133 10.4
    $1,500-$1,999 167 13.1
    $2,000-$2,499 150 11.8
    $2,500-$2,999 126 9.9
    Others 580 45.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1229 39.4
    Not in the labour force 901 28.9
    Employed, worked part-time 726 23.3
    Employed, away from work 135 4.3
    Unemployed, looking for work 128 4.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 253 12.1
    Professionals 413 19.8
    Technicians & trades workers 320 15.3
    Community & personal service workers 213 10.2
    Clerical & administrative workers 328 15.7
    Others 561 26.9
    Occupation
    Census Count Percent(%)
    Pre-school 108 8.9
    Infants/Primary 400 33.1
    Secondary 335 27.7
    Technical or Further Educational Institution 110 9.1
    University or other Tertiary Institutions 233 19.3
    Others 23 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3247 82.1
    Semi-detached, row or terrace house, townhouse 690 17.4
    Flat, unit or apartment 12 0.3
    Caravan, cabin, houseboat 5 0.1
    Improvised home, tent, sleepers out 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 662 47.4
    Fully owned 383 27.4
    Rented 348 24.9
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
Chart Table