Suburb Profile Report for Ocean Shores NSW (2483)

Ocean Shores House: Median price $736,000, Annual capital growth 6.27%, Number of sales 106, Weekly median advertised rent $560

Ocean Shores Unit: Median price $530,000, Annual capital growth 4.77%, Number of sales 33, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Ocean Shores has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.37%

A 65.39% growth in median value for property investors in Ocean Shores,2483 puts this suburb at number 425th in terms of best performing suburbs in NSW

Ocean Shores2483 is located in NSW which offers an average discount of -5.49% to property investors. Ocean Shores itself is showing figures that indicate -4.69% is the average achievable by property buyers investing in the suburb.

At number 1647 in a list of fastest selling suburbs, Ocean Shores is just in the top half of suburbs in Australia with an average of days on market 66.54 for properties listed there.

With the median price for a house in Ocean Shores being $736000 and the advertised rent reaching $560 the gross rental yield for property investors calculates out to be 3.96%

Over the last year, property investments in Ocean Shores, 2483 have given investors a capital gain of 6.85%. This compares averagely with the 5.36% for NSW as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Ocean Shores comes in at number 218th in NSW.

LACK OF BUYER INTEREST may well be the reason that Ocean Shores is offering property investors an average of -4.57. This rate of discount on properties puts Suburb at number 319th in terms of most discounted suburbs in NSW

At number 616 in a list of fastest selling suburbs, Ocean Shores is just in the top half of suburbs in Australia with an average of days on market 63.62 for properties listed there.

Ocean Shores, 2483’s gross rental yield is 4.71%

Information supplied by:


July 2017

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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
$736,000 $530,000
1.87% 2.42%
12.37% 6.85%
6.27% 4.77%
$560 $480
106 33
3.96% 4.71%
66.54 63.62

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (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
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Recent sales & rentals