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%
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
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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