Located in New South Wales within the Central Coast (NSW) local government area, Ourimbah is a smaller suburb (postcode 2258). The area has roughly 4,019 residents and an established family demographic, with a median age of 39. Households earn a median income of $101K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Median house prices in Ourimbah stand at $1.1 million, having grown strongly by 7% over the last twelve months. Units have a median price of $660,000 (+10% YoY). The current median weekly rent is $682. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,950.
Ourimbah is served by 1 school, including 1 primary. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 1 rail station, 42 bus stops. The crime rate in the Central Coast (NSW) LGA is below average at 3,557 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.1%, which reads as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 11.4x is considered stretched. House prices have moved +7.0% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.