Suburb Profile Report for Ocean Shores NSW (2483)

Ocean Shores House: Median price $750,000, Annual capital growth 6.27%, Number of sales 89, Weekly median advertised rent $560

Ocean Shores Unit: Median price $535,000, Annual capital growth 6.38%, Number of sales 27, Weekly median advertised rent $448

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

Ocean Shores is an average performer in NSW when comparing median price capital growth over the last year. Ocean Shores gave property investors a good capital gain figure when compared to the rest of the state, with 6.01%.

Across a shorter period, Ocean Shores, 2483 has seen a median price increase of 1.21% over the last 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 -6.16% is being offered, which puts this NSW suburb at 1654th most discounted overall in Australia.

A $560 per week rent on the median house gives suburb investors a gross yield of circa 3.88%, without taking into account capital value appreciation, which has been averaging out at 6.27%.

Giving property investors a a stable capital gain of 7.86% for the last year, Ocean Shores, 2483 is the 473th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Ocean Shores has given property investors a paper return of 0.94%. This puts Suburb as 175 on a list of fastest fasting appreciating suburbs in NSW

Ocean Shores2483 is located in NSW which offers an average discount of -5.18% to property investors. Ocean Shores itself is showing figures that indicate -4.40% is the average achievable by property buyers investing in the suburb.

Ocean Shores is 176th on a list of best yielding suburbs for rents in NSW with a 4.35% return

Information supplied by:


July 2017

M
O

W
E
As part of the Northern Rivers region, Ocean Shores may be far from major NSW CBDs, but it is still performing strongly in the property market with a whopping 24% growth in the past 12 months leading up to April 2017.Full summary

Ocean views invite house buyers
Median house price: $647,500
Three-year growth: 40.76%
Rental yield: 4.26%

As part of the Northern Rivers region, the suburb of Ocean Shores may be far from major NSW CBDs like Newcastle and Sydney, but it is still performing strongly in the property market with a whopping 24% growth in the past 12 months leading up to April 2017.

This continues a trend of positivity tracked by CoreLogic over the recent five-year period, which has culminated in a median price of just under $650,000. Nonetheless, houses still sell at close to original price, with the average discount rate at 3.8%. This could be the result of the suburb being a seaside destination less than 30 minutes from Byron Bay. 

Investor demand is likely to spur further growth, with the average rental yield coming in at over 4%. 

Close
Metrics i HOUSE UNIT
$750,000 $535,000
1.21% 0.94%
6.01% 7.86%
6.27% 6.38%
$560 $448
89 27
3.88% 4.35%
76.96 72.6

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Ocean Shores NSW
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