At number 220th in the list of Australian suburbs ordered by increase in median house value over the last year, Ocean Shores, 2483 is in the top 10% with a property value increase of 25.87% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Ocean Shores,2483 has racked up an average of 25.87% over the period. This ranks it number 408th in the whole country for real estate investors looking at median house price increases.
Ocean Shores, 2483 is offering NSW ‘s 300th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this NSW.
With a capital gain of 7.98% for the last 12 months, Ocean Shores, 2483 has performed for property investments than its average annual 4.71% property growth over the last 5 years.
A 26.09% growth in median value for property investors in Ocean Shores,2483 puts this suburb at number 439th in terms of best performing suburbs in NSW
Ocean Shores2483 is located in NSW which offers an average discount of -4.11% to property investors. Ocean Shores itself is showing figures that indicate -3.60% is the average achievable by property buyers investing in the suburb.
Situated 572.48km from the CBD, Ocean Shores is one of Byron localities in the postcode 2483.
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