Ocean Shores is an average performer in NSW when comparing median price capital growth over the last year. Ocean Shores gave property investors a good capital gain figure when compared to the rest of the state, with 6.01%.
Across a shorter period, Ocean Shores, 2483 has seen a median price increase of 1.21% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ocean Shores, 2483. Typically our figures indicate that -6.16% is being offered, which puts this NSW suburb at 1654th most discounted overall in Australia.
A $560 per week rent on the median house gives suburb investors a gross yield of circa 3.88%, without taking into account capital value appreciation, which has been averaging out at 6.27%.
Giving property investors a a stable capital gain of 7.86% for the last year, Ocean Shores, 2483 is the 473th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Ocean Shores has given property investors a paper return of 0.94%. This puts Suburb as 175 on a list of fastest fasting appreciating suburbs in NSW
Ocean Shores2483 is located in NSW which offers an average discount of -5.18% to property investors. Ocean Shores itself is showing figures that indicate -4.40% is the average achievable by property buyers investing in the suburb.
Ocean Shores is 176th on a list of best yielding suburbs for rents in NSW with a 4.35% return
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