Suburb Profile Report for Ocean Shores NSW (2483)

Ocean Shores House: Median price $750,000, Annual capital growth 5.81%, Number of sales 99, Weekly median advertised rent $595

Ocean Shores Unit: Median price $615,000, Annual capital growth 5.52%, Number of sales 31, Weekly median advertised rent $430

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

NSW has seen average median house prices change by 0.15% which means that Ocean Shores, 2483 has done well for property investors by showing a capital gain of 4.17% over the last year

Ocean Shores,2483 was ranked 1588 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -6.86% to buyers in Ocean Shores at the moment, which is less than average for the rest of NSW.

Often selling an investment property can take time, and in Ocean Shores the average time real estate has been on the market is 111.615 days.

The NSW suburb of Ocean Shores, 2483 is in the Byron (A) local government area.

Ocean Shores has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.91% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ocean Shores has increased when compared to the 5 year average annual rate.

Vendor discounting in Ocean Shores is giving property investors an average Vendor Discount of around -3.76%. This puts suburb at number 324th in NSW when ranking the most discounted suburbs.

Situated 634.77km from the CBD, Ocean Shores is one of Byron (A) localities in the postcode 2483.

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
$750,000 $615,000
1.63% -0.81%
4.17% -1.91%
5.81% 5.52%
$595 $430
99 31
4.13% 3.64%
111.615384615385 110.15

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. 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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