Suburb Profile Report for Ocean Shores NSW (2483)

Ocean Shores House: Median price $725,000, Annual capital growth 6.24%, Number of sales 76, Weekly median advertised rent $580

Ocean Shores Unit: Median price $625,000, Annual capital growth 6.68%, Number of sales 30, Weekly median advertised rent $430

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

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

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  • House Report
  • Unit Report

Property investors who have had real estate in Ocean Shores, 2483 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.97%

Comparing Ocean Shores,2483 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

At number 439th of NSW’s most discounted properties, Ocean Shores is in the middle of the state/territory when listing in order of most discounted to least.

Residents and property investors in Ocean Shores have been waiting around 122.703 days to sell a property.

At number 214th in the list of Australian suburbs ordered by increase in median house value over the last year, Ocean Shores, 2483 is in the top 20% with a property value increase of 8.70% recorded in median house prices.

Ocean Shores,2483 has offered an average of 8.70% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Ocean Shores should be aiming for at least -5.71% off the asking price, which is the average vendor discount being achieved at the moment.

Ocean Shores, 2483’s gross rental yield is 3.58%

Information supplied by:


July 2017

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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%. 

Metrics i HOUSE UNIT
$725,000 $625,000
0.35% -1.03%
-3.97% 8.70%
6.24% 6.68%
$580 $430
76 30
4.16% 3.58%
122.703125 114.416666666667

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

DSR Score for property investment : Above average (H), Above average (U)
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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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