Ocean Shores is a mid-sized suburb in New South Wales within the Byron local government area (postcode 2483). With a population of 5,777, the suburb has an established demographic with a median age of 43. Households earn a median income of $76K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Ocean Shores is $1.2 million, having declined 6.7% over the past year. Units have a median price of $769,000 (-20.3% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,893.
Ocean Shores is served by 1 school, including 1 primary. The average ICSEA score is 1051, which is above the national average of 1,000. Public transport access includes 14 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Ocean Shores offers a gross rental yield of 3.9%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 15.8x is considered stretched. House prices have moved -6.7% year-on-year.
Ocean Shores is a mid-sized suburb in New South Wales within the Byron local government area (postcode 2483). With a population of 5,777, the suburb has an established demographic with a median age of 43. Households earn a median income of $76K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Ocean Shores is $1.2 million, having declined 6.7% over the past year. Units have a median price of $769,000 (-20.3% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,893.
Ocean Shores is served by 1 school, including 1 primary. The average ICSEA score is 1051, which is above the national average of 1,000. Public transport access includes 14 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Ocean Shores offers a gross rental yield of 3.9%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 15.8x is considered stretched. House prices have moved -6.7% year-on-year.