Fraud Blocker

Ocean Shores, NSW 2483

Home » NSW Real Estate Data » Byron Shire Council, NSW » Ocean Shores, NSW 2483

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Ocean Shores, NSW 2483 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Ocean Shores, NSW 2483”

  1. The total adult population (15 years or older) of Ocean Shores 2483 NSW is 4,804, with a median age of 43. Of those, 34.66% are married, 17.69% are divorced or separated, 43.32% are single and 4.29% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,972. The median monthly mortgage repayment for households in this suburb is $1,893 which is 27.15% of their earnings.

    Source: ABS Census Data (2021)

  2. Ocean Shores 2483, situated in NSW, is a vibrant suburb estimated to house around 2632 households. Taking a deep dive into the property market landscape of Ocean Shores as at Q3 of 2023, the typical house prices stand at $1,148,304 with a median weekly rent of $866. These numbers neatly package themselves into an enticing indicative yield of 3.92%, which comfortably sits above the 3% minimum attractive market requirement for cashflow-focused investors.

    From a socio-economic standpoint, Ocean Shores holds well-above-average potency with an IRSAD score of 998 out of 1217. This suggests the populace enjoys quite decent access to economic resources and ranks relatively high on the income scale.

    The renter to owner ratio is 26%, fittingly within the recommended threshold of 30%, thereby effectively keeping rental property saturation at bay and ensuring sustainable returns long term. The ratio of units to houses stands at a favourable 8%, submitting the rental realm in a healthy and well-balanced state, avoiding rental property oversaturation while maintaining a competitive environment for landlords.

    However, the area’s affordability index swings at the far higher end, measuring at 64 years. While this exceeds the standard 30-year mortgage assumption and the high-water mark of 31 years, it is not necessarily a deal-breaker for investors provided other metrics lean towards the favourable end.

    Stock on Market Percentage for houses is at a promising 0.39%, fitting perfectly below the 0.4% benchmark. This indicates a low supply market, and as supply shrinks, desirability and price often expand. In a similar optimist trend, the inventory level for the same stands at 1.69 months, creating a favourable low supply market condition.

    Building Approvals Ratio tallies at 0.3% for houses – a favourable low supply indicator tipping the balance towards demand, which is beneficial in a property investment perspective. While the 82 days on market measurement floats above the high demand indicator of 35, it is still far removed from the concerning mark of 90 days which would signify low demand.

    Vacancy Rate sits in a neutral state at 2.76% for both houses and units. The buy search index for houses is clocking in at a stable 5 out of 10, indicating decent demand that matches state/city average.

    Overall, providing a wealth of diverse opportunities for various types of investors, Ocean Shores 2483’s housing market offers a compelling blend of favourable factors, even with some measurements such as the affordability index treading in the higher range. As always, it’s prudent to consider the comprehensive view of property market insights and not discount possibilities based on singular metrics, especially with the help of HtAG Analytics’ Relative Composite Score (RCS) which evaluates over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment