Question 1

Is Ourimbah a nice place to live?

Accepted Answer

Ourimbah is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to call home. Nestled amidst lush greenery, it provides a peaceful retreat from the hustle and bustle of city life while still being conveniently located near essential amenities. The suburb's charming atmosphere is complemented by its strong sense of community, making it an ideal choice for families looking for a supportive and welcoming environment.

The vibrant academic presence of the University of Newcastle's Central Coast campus adds a youthful and dynamic vibe to Ourimbah, attracting students and academics alike. This blend of educational opportunities and natural beauty creates a unique cultural atmosphere that appeals to a diverse range of residents. The suburb is well-served by local amenities, including schools, sporting fields, and community facilities, ensuring that families have everything they need within easy reach.

Safety is generally not a major concern in Ourimbah, and the suburb's tranquil lifestyle is perfect for those seeking a quieter pace of life. However, it's worth noting that the trade-off for this peacefulness is a lack of nightlife and entertainment options compared to more urban areas. Nevertheless, residents can enjoy the convenience of nearby retail and employment centres at Lisarow Plaza and Westfield Tuggerah, which offer a variety of shopping and dining experiences.

For families, Ourimbah's proximity to beautiful national parks provides ample opportunities for outdoor activities such as hiking and picnicking, making it a haven for nature enthusiasts. While the suburb may not offer the same level of excitement as a bustling city, its combination of rural charm, modern conveniences, and strong community ties make it a truly appealing place to live for those seeking a balanced and fulfilling lifestyle.

Question 2

Is it expensive to live in Ourimbah?

Accepted Answer

Living in Ourimbah can be quite pricey, especially when it comes to buying property. The current median house price is around $1,109,000, which is a significant investment. For those looking to rent, the average rent for houses is about $630 per week. It's important to note that there are no units available, which might limit options for those seeking more affordable housing.

When comparing this to the average wage in Ourimbah, which is approximately $100,000 per year, the cost of housing can take up a large chunk of an individual's income. The median total household income weekly is $1,940, which suggests that while some households might manage, others could find it challenging to balance housing costs with other living expenses.

In the broader context of New South Wales, where the average weekly earnings are about $2,085, Ourimbah's housing market is on the expensive side. If you are thinking of living in Ourimbah, it's crucial to consider these financial aspects to ensure your budget aligns with the cost of living in this suburb.

Question 3

Is Ourimbah a good place to invest?

Accepted Answer

Ourimbah is showing promising signs as a potential investment hotspot, particularly for those interested in the housing market. Over the past year, the suburb has experienced a significant 26.4% increase in median house values, indicating strong demand and potential for capital growth. This surge suggests that Ourimbah is becoming increasingly attractive to buyers, likely due to its appealing lifestyle and proximity to key amenities.

While the unit market in Ourimbah has remained stable with no change in median values or rental prices over the past year, the housing market's performance highlights a robust investment opportunity. The 5% increase in house rental prices also points to a healthy demand for rental properties, making it a viable option for investors seeking rental income. Overall, Ourimbah's recent growth in house values and rental demand positions it as an appealing choice for those looking to invest in a suburb with strong potential for future appreciation.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	26.4%	N/A
Sold Past 3 months	7	2
Median days on market Past 12 months	13	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	9.2%	N/A

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