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This analysis uses Suburbs and Localities (SAL) boundaries, which can materially differ from Statistical Areas (SA2) even when sharing the same name.
SAL boundaries are defined by Australia Post and the Australian Bureau of Statistics to represent commonly-known suburb names used in postal addresses.
Statistical Areas (SA2) are designed for census data collection and may combine multiple suburbs or use different geographic boundaries. For comprehensive analysis, consider reviewing both boundary types if available.
est. as @ -- *
2021 Census | -- people
The median house price in Ocean Shores is $1.27m, with units at $962k. House values have moved 0.2% a year compounded over five years.
Curious about local property values? Filter the chart to assess the volume and appreciation (including resales) trends and regional comparisons, or scroll to the map below view this information at an individual property level.
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Ocean Shores has an estimated 6,093 residents, up from 5,777 at the 2021 Census — a change of 316 people, or 5.5%. Growth has averaged 1.2% a year over five years. Overseas migration accounts for 58.0% of that increase. That puts 474 residents on each square kilometre. Population is estimated from ABS Estimated Resident Population releases and GNAF address data, re-based from the 2021 Census and updated annually.
Detail
According to ABS population updates and new address validations by AreaSearch since the Census, the suburb of Ocean Shores has an estimated population of 6,093 as of May 2026. This represents a growth of 316 people (5.5%) compared to the 2021 Census population of 5,777. The estimate is derived from the resident population of 6,043 calculated by AreaSearch using the ABS ERP release from June 2025, combined with 51 validated new addresses since the Census. This population level corresponds to a density of 474 persons per square kilometer, indicating low density and potential for future expansion.
The 5.5% growth rate in the suburb of Ocean Shores since the 2021 census was higher than the SA4 region (3.7%) and the Rest of NSW, making it a regional leader in growth. Population increases were mostly driven by overseas migration, which made up approximately 57.99999999999999% of total population gains, though natural growth and interstate migration were also positive contributors. Projections from ABS and Geoscience Australia released in 2024 with a 2022 base year are used by AreaSearch for SA2 areas. For SA2 areas without this data, AreaSearch uses the NSW State Government projections released in 2022 with a 2021 base year. Projected growth rates by age group from these datasets are applied to all areas for the period 2032 to 2041. Based on these demographic projections, the suburb of Ocean Shores is expected to experience population growth above the median for non-metropolitan Australia, with an estimated increase of 884 persons to 2041, representing a total rise of 13.7% over the 16 years.
Frequently Asked Questions - Population
90 new dwellings have been approved in Ocean Shores over the past five years, an average of 18 a year. That is 3.1 approvals per 1,000 residents. Approvals are currently running at an annualised 16, broadly in line with that longer-run average. Figures come from ABS building approvals aggregated to this Suburb (SAL) boundary and are updated monthly as the ABS releases them.
Detail
Analysis of ABS building approvals shows that the suburb of Ocean Shores has averaged about 18 new home approvals annually, with an estimated 90 homes approved over the last 5 financial years. In the current FY-26, 15 approvals have been documented so far. With an average of 3.8 people moving to the area for every new dwelling constructed between FY-21 and FY-25, demand is outpacing supply, which generally increases competition and drives up prices, while new dwellings are being built at an average value of $591,000, indicating developers are targeting the premium market.
Furthermore, commercial development approvals total $4.4 million this financial year, highlighting that the area is primarily residential. The rate of new dwelling approvals per person in the suburb of Ocean Shores is about half of the rate in the Rest of NSW, placing it in the 35th percentile of areas evaluated nationwide, which limits options for buyers and supports interest in established properties. This rate is also below the national average, reflecting the maturity of the area and suggesting planning limitations. Recent building activity consists of 78.0% standalone houses and 22.0% medium and high-density dwellings, which maintains the low-density character of the area through an emphasis on detached properties. The estimate of 480 people per approved dwelling highlights the quiet, low-activity building environment. Population forecasts suggest the suburb of Ocean Shores will add 834 residents by 2041 based on the latest quarterly estimates from AreaSearch. If current building rates do not change, housing supply may fail to keep up with population growth, which is likely to increase buyer competition and support property values.
Frequently Asked Questions - Development
Development applications around Ocean Shores
Loading development applications…
| Lodged | Address | Description | Type | Distance | Status |
|---|
SOURCE: Planning portals and council registers, compiled by AreaSearch. Distance & bearing measured from the suburb midpoint.
AreaSearch tracks one current infrastructure or development project inside Ocean Shores. A further 59 sit in the immediately surrounding suburbs, taking the tracked pipeline within reach of the area to $3.5 billion. 15 are already under construction and 20 are due for completion within three years. The pipeline spans residential development, communities, precincts & urban renewal and transport & logistics. Records are compiled from Infrastructure Australia, state agencies, council planning portals and public announcements, reviewed and updated daily, then ranked by proximity, construction stage, completion horizon and project scale.
Detail
Local infrastructure projects, major developments, and planning schemes significantly impact regional performance. AreaSearch has identified a total of 3 projects expected to influence the area. The key initiatives include the Place Plan for New Brighton, South Golden Beach and Ocean Shores, Bayside Brunswick Heads (Wallum), Marshalls Creek Boardwalk, and Gulgan Village, with details provided on those most relevant to the community.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.
Frequently Asked Questions - Infrastructure
New Brighton, South Golden Beach and Ocean Shores Place Plan
Byron Shire Council's adopted 20-year place plan for New Brighton, South Golden Beach and Ocean Shores. The plan sets a vision and 24 actions across movement and accessibility, environmental protection, open space improvements, village character, community development and resilience. Council adopted the plan in October 2025 and a Place Planning Collective North is now helping prioritise actions for implementation, including paths and cycleways, road safety, public transport advocacy, sports field planning, drainage, flood risk work and Ocean Shores centre planning.
Bayside Brunswick Heads (Wallum)
A 123-lot residential subdivision and 3 medium density sites across 30 hectares by Clarence Property. 60 percent of the site (18 hectares) will be protected as conservation zones. While the project received Development Approval, works are currently paused due to an interlocutory injunction and a Federal Court challenge by Save Wallum Inc. regarding the EPBC Act and threatened species.
Mullumbimby Rail Corridor Affordable Housing Project
Proposed affordable housing development on government-owned former rail corridor land near Mullumbimby Station. The project is a partnership between Transport Asset Holding Entity (TAHE) and Byron Shire Council. Planning remains at the concept and community engagement stage while site constraints including flooding, future rail corridor use and environmental considerations continue to be assessed.
Station Street Affordable Housing
A collaborative mixed-use affordable housing development by Landcom and Byron Shire Council, proposing a two-storey building with around 32 affordable rental homes for workers on low to moderate incomes, a ground floor boarding house, and retail space.
Mullumbimby Hospital Redevelopment
Redevelopment of the remediated former hospital site into a diverse precinct featuring affordable housing, social housing, and community facilities. The project focuses on utilizing flood-free land to address local housing shortages through a mix of dwelling types and building heights up to 11.5 meters. Current efforts involve finalizing a site-specific Development Control Plan (DCP) and Masterplan funded by the Housing Support Program.
Mullumbimby Road Upgrade
Three-stage $5.3 million upgrade of Mullumbimby Road including road reconstruction, shoulder widening, intersection safety improvements, drainage upgrades, culvert works, new pavement, signage, guardrails and line marking. Stages 1 and 2 were completed during 2025, with the final stage commencing in February 2026 between Kings Creek Bridge and James Street. Final sealing and line marking are being programmed.
Pottsville High School
The NSW Government is planning a new high school in Pottsville to meet the needs of the growing local community, part of a $2.1 billion investment in new and upgraded regional NSW schools. A site on Seabreeze Boulevarde, Pottsville has been identified and is earmarked for a high school in the Tweed Council Development Control Plan. The Department is now undertaking a compulsory land acquisition process under the Land Acquisition (Just Terms Compensation) Act 1991, with due diligence and landowner negotiations continuing before the project progresses to the design phase.
Caldera - Coastal Village
Formerly known as Pottsville Marketplace or Dunloe Park, Caldera is a major 78-hectare masterplanned village development. The project features a 13-hectare retail and commercial town centre anchored by a full-line Coles supermarket, 7000sqm of retail space, and 23 commercial lots. The residential component includes approximately 550 homesites. Infrastructure includes a developer-funded wastewater treatment plant and extensive koala protection measures including corridors and underpasses.
2,900 residents of Ocean Shores are employed, from a labour force of 3,048. Unemployment sits at 4.9%, with participation at 60.5%. Weighted for its industry mix, the area's sectors are forecast to grow about 6.9% nationally over five years. That reflects industry composition only and makes no allowance for local population growth. The working-day population is estimated at 4,908, about 81% of the resident population, so more people leave the area for work than travel in. Unemployment and labour force come from ABS Small Area Labour Markets, updated quarterly; the industry and occupation profile is from the 2021 Census.
Detail
The suburb of Ocean Shores has a well-educated labor force with significant representation in essential services, an unemployment rate of 4.9%, and an annual employment growth rate estimated at 2.1%. As of March 2026, there are 2,900 employed residents, with the unemployment rate sitting 0.8% higher than the Regional NSW rate of 4.1%, while workforce participation matches the Regional NSW average of 60.6%. Census data indicates that a high proportion of residents, 25.4%, worked from home, although this may have been influenced by Covid-19 lockdowns. The primary employment industries for residents are health care & social assistance, education & training, and construction.
There is a high concentration of workers in professional & technical services, matching 1.6 times the regional average. Conversely, public administration & safety is under-represented, employing only 3.7% of the workforce compared to 7.5% in Regional NSW. The comparison of the Census working population against the resident population suggests that local employment opportunities are limited. According to analysis of SALM and ABS data for the year ending March 2026, local employment grew by 2.1% and the labor force expanded by 3.1%, leading to a 1.0 percentage point increase in unemployment. In contrast, Regional NSW saw employment decrease by 0.9%, the labor force contract by 0.4%, and unemployment rise by 0.5 percentage points. National employment forecasts from Jobs and Skills Australia as of May-25 offer additional context on future demand, showing national employment expected to grow by 6.6% over five years and 13.7% over ten years, with varying rates across industries. Applying these national industry projections to the local workforce mix suggests employment for residents could rise by 6.9% over five years and 14.2% over ten years.
Frequently Asked Questions - Employment
Median household income in Ocean Shores is $1,471 a week (about $76,000 a year), with median personal income at $711 a week. ATO records put median taxable income at $39,774 a year against an average of $55,867. The average runs 40% above the median, a wider spread than most areas and a sign of a concentrated group of high earners. Household income is from the 2021 Census; taxable income is from ATO Taxation Statistics for the latest financial year available, indexed forward using the ABS Wage Price Index.
Detail
ATO data for the financial year 2023 shows a median taxpayer income of $39,774 and an average income of $55,867 in the suburb of Ocean Shores. These figures are lower than the national average and compare to a median of $52,390 and an average of $65,215 in Regional NSW. Factoring in Wage Price Index growth of 10.32% since the financial year 2023, the estimated figures as of March 2026 are approximately $43,879 for the median and $61,632 for the average. Census data places household, family, and personal incomes in the suburb of Ocean Shores in the 30th to 34th percentiles.
The largest bracket contains 35.6% of residents (2,169 people) in the $1,500 - 2,999 range, which is similar to the broader region where 29.9% fall into this bracket. Housing affordability is a significant challenge, with only 80.3% of income remaining after housing costs, placing the area in the 29th percentile, and the SEIFA income index ranks the area in the 5th decile.
Frequently Asked Questions - Income
Ocean Shores had 2,208 occupied dwellings at the 2021 Census, 84% detached houses and 7% apartments. 35% are owned with a mortgage, 27% rented and 38% owned outright. At that Census the median rent was $508 a week and the median mortgage repayment $1,893 a month. Rent absorbs 34.5% of household income here and mortgage repayments 29.7%. Dwelling stock, tenure and housing costs are 2021 Census measures — the only source that counts dwellings at this boundary size.
Detail
At the time of the latest Census, the housing stock in the suburb of Ocean Shores consisted of 83.8% detached houses and 16.3% other dwelling types such as apartments and semi-detached properties, compared to 82.6% houses and 17.4% other dwellings in Regional NSW. Home ownership was recorded at 38.0%, matching the Regional NSW rate, while the remaining homes were either mortgaged (34.7%) or rented (27.3%). The median monthly mortgage payment was $1,893, which is higher than the Regional NSW average of $1,733, and the median weekly rent was $508, compared to $330 in Regional NSW.
Nationally, mortgage payments in the suburb of Ocean Shores exceed the Australian average of $1,863, and weekly rents are higher than the national figure of $375.
Frequently Asked Questions - Housing
Ocean Shores counted 2,208 households at the 2021 Census, an estimated 2,329 today, averaging 2.4 people each. 25% are couples with children, against 25% couples without children. 26% of households are people living alone, and families average 1.4 children. Household and family composition is measured only by the Census, so these are 2021 figures.
Detail
Families make up 66.0% of all households, consisting of couples with children (24.5%), couples without children (25.2%), and single parents (15.1%). The remaining 34.0% are non-family households, with single person households accounting for 25.8% and group households making up 8.1% of the total. The median household size is 2.4 people, matching the Regional NSW average.
Frequently Asked Questions - Households
32.0% of adults in Ocean Shores hold a university qualification, including 21.9% with a bachelor degree and 6.2% with postgraduate qualifications, higher than 79% of areas nationally. A further 24.3% hold a vocational qualification. 1 school serves the area, with 290 enrolment places and an average ICSEA of 1,041 against a national benchmark of 1,000. Qualifications come from the 2021 Census; school enrolments, ICSEA and results come from ACARA's current release.
Detail
Levels of educational qualification in the suburb of Ocean Shores are high, with 32.0% of residents aged 15+ holding a university degree, compared to 21.3% in the Rest of NSW and 24.3% in the SA4 region. Bachelor degrees are held by 21.9% of the population, postgraduate qualifications by 6.2%, and graduate diplomas by 3.9%. Vocational qualifications are also common, with 38.5% of residents aged 15+ holding trade credentials, consisting of advanced diplomas (14.2%) and certificates (24.3%). Participation in education is high, with 29.7% of the population enrolled in study. This includes 9.8% of residents in primary school, 8.2% in high school, and 4.2% in tertiary education.
Frequently Asked Questions - Education
Schools Detail
Public transport in Ocean Shores reaches 32 stops on 27 routes, timetabled for about 240 services a week. The typical home sits about 280 m from its nearest stop. Households keep an average of 1.5 vehicles. Stop and service counts are built from operators' published GTFS timetables and refresh with each timetable release; vehicle ownership is from the 2021 Census.
Detail
The suburb of Ocean Shores is served by 32 public transport stops, which are bus stops. These stops accommodate 27 distinct routes that provide a total of 242 passenger trips per week. Access to transit is favorable, with residents living an average of 284 meters from their nearest stop. Given the residential nature of the area, most workers commute outside the locality, with private vehicles remaining the primary mode of travel at 95%. Households own an average of 1.5 vehicles. A high proportion of residents, 25.4%, worked from home according to the 2021 Census, which may have been influenced by pandemic restrictions.
The average frequency of service is 34 daily trips across all routes, which corresponds to approximately 7 passenger trips per week for each individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
70.6% of residents in Ocean Shores report no long-term health condition. 4.6% need daily assistance with core activities, and 49.1% hold private health cover. The standardised death rate runs at 4.4 per 1,000 residents. Health conditions, assistance needs and insurance are 2021 Census measures; the death rate comes from current ABS releases.
Detail
Health indicators show positive outcomes in the suburb of Ocean Shores, with low rates of common health conditions across both younger and older cohorts, though private health insurance coverage is relatively low at approximately 49% of the population (~2,989 people). This compares to 51.9% coverage across Regional NSW and a national average of 55.7%. Mental health conditions and arthritis are the most common medical issues, affecting 8.5% and 8.1% of residents respectively. However, 70.6% of residents reported having no chronic health conditions, compared to 63.3% in Regional NSW. Residents under 65 show favorable health outcomes.
The proportion of residents aged 65 and over is 19.7% (1,200 people), which is lower than the Regional NSW average of 23.4%. Seniors in the area experience particularly good health outcomes, ranking higher than the general population relative to national benchmarks.
Frequently Asked Questions - Health
Ocean Shores is largely Australian-born, at 78.9% of residents, with 10.0% speaking a language other than English at home. The largest reported ancestries are English (29.2%) and Australian (23.1%). Ancestry, language and country of birth are counted only by the Census, so these are 2021 figures.
Detail
Cultural diversity in the suburb of Ocean Shores is comparable to the regional average, with citizens making up 86.3% of the population, 78.9% born in Australia, and 90.0% speaking only English at home. Christianity is the most common religious affiliation at 27.8%. There is a notable concentration of Jewish residents, who make up 1.8% of the population compared to 0.1% across Regional NSW. The primary ancestries reported are English at 29.2%, Australian at 23.1% (which is lower than the regional average of 30.0%), and Irish at 11.2%. There are also higher proportions of certain other ancestries compared to the region, including French at 1.1% (versus 0.4% regionally), Russian at 0.6% (versus 0.2%), and Spanish at 0.6% (versus 0.3%).
Frequently Asked Questions - Diversity
The median resident of Ocean Shores is 42. That is 1 year younger than at the 2021 Census. 20.0% of residents are aged 15 to 34. Age cohorts are not raw Census counts: the Census split is re-based to the latest ABS population estimates and state projections.
Detail
The median age in the suburb of Ocean Shores is 42 years, which is close to the Regional NSW average of 43 years and older than the national median of 38 years. The 35 to 44 age bracket is highly represented at 16.8%, while the 15 to 24 cohort is smaller (8.8%) than in Regional NSW. Since 2021, the proportion of residents aged 35 to 44 has risen from 14.2% to 16.8%, and the 75 to 84 cohort has increased from 4.9% to 6.1%, while the 55 to 64 group decreased from 14.5% to 12.4%.
Projections for 2041 indicate significant demographic shifts, with the 35 to 44 cohort expected to grow by 23%, adding 230 people to reach 1,254, while declines are projected for the 15 to 24 and 55 to 64 age groups.
Frequently Asked Questions - Age
Data & MethodBoundaries, Sources & Method for Ocean Shores
9 of 14 data sections on this page were updated within the last 12 months — the newest current to Aug 2026.
Everything is aggregated to the Suburb (SAL) boundary shown above, on a 2021 Census baseline. Only 3 sections — housing, households and cultural diversity — still wait on the 2026 Census.
The ledger — source, cycle and currency by section
| Section | Source & update cycle | Currency |
|---|---|---|
| Updated within the last 12 months 9 sections | ||
| Population | ABS, GNAF, Geoscience Australia Annual (ABS ERP) | May 2026 3 months ago headline measures · 2021 Census baseline |
| Re-based to the ABS Estimated Resident Population (June 2025 release) and updated with new dwellings from GNAF address data. Current to May 2026, with the 2021 Census supplying the small-area baseline. | ||
| Age profile | ABS, Geoscience Australia, State governments Annual | May 2026 3 months ago headline measures · 2021 Census baseline |
| Age cohorts are re-based to the latest ABS population estimates and state projections, current to May 2026. Each cohort is held as a Census baseline and a current estimate. | ||
| Development & approvals | ABS, GNAF Monthly (ABS approvals) | Jun 2026 2 months ago headline measures · May 2026 baseline |
| Property sales & rents | Valuer General, Rental Board, ABS Weekly sales, quarterly rents | Aug 2026 this month all 21 measures |
| Sales from the state Valuer General register, refreshed weekly, and rents from quarterly rental bond lodgements. Both are read live each time this page loads, current to Aug 2026. | ||
| Infrastructure projects | Infrastructure Australia, State agencies, Local governments Daily | May 2026 3 months ago all 1 projects tracked here |
| Project pipeline maintained continuously from Infrastructure Australia, state agencies, local government and public announcements. Records are added and revised daily; this area was last updated May 2026. | ||
| Employment | ABS, DEWR, JSA Quarterly (ABS SALM) | Mar 2026 5 months ago headline measures · 2021 Census baseline |
| Unemployment and labour force from ABS Small Area Labour Markets, current to Mar 2026. The growth outlook applies Department of Employment (now Jobs and Skills Australia) forecasts for all 19 industry divisions to the local industry mix, so it measures sector composition rather than local expansion and makes no allowance for population growth. Job demand comes from the same agency via its Internet Vacancy Index; industry and occupation structure from the 2021 Census. | ||
| Education | ABS, ACARA Annual (ACARA) | Aug 2026 this month headline measures · 2021 Census baseline |
| Transport | ABS, State Transport Departments Each timetable release | Jul 2026 last month headline measures · 2021 Census baseline |
| Services & amenities | Provider directories, ACECQA Continuous | Jul 2026 last month all 14 measures |
| Annual and financial-year sources 2 sections | ||
| Income | ABS, ATO Annual (ATO) | FY 2023 3 years ago headline measures · 2021 Census baseline |
| ATO taxable income statistics for FY 2023, indexed forward using the Wage Price Index. Census household income provides the distribution detail. | ||
| Health | ABS, ATO Annual | 2024 2 years ago headline measures · 2021 Census baseline |
| Census-measured — next update: 2026 Census 3 sections No more current small-area source exists for these, so they are labelled as Census-measured rather than implied to be current. | ||
| Housing | ABS 5-yearly (Census) | 2021 Census next update 2026 all 30 measures |
| Households | ABS 5-yearly (Census) | 2021 Census next update 2026 all 18 measures |
| Cultural diversity | ABS, Geoscience Australia 5-yearly (Census) | 2021 Census next update 2026 all 44 measures |
"Currency" is the most recent release feeding that section. Where the Census supplies the structural baseline underneath a current headline figure, the row says so.
How the numbers are built
Population
The Census provides the small-area baseline, aggregated from mesh blocks to this boundary. It is then re-based to the ABS Estimated Resident Population (June 2025 release), and new dwellings built since Census night are counted from address data — 51 validated new addresses here. The headline figure is therefore a current estimate for May 2026, not a 2021 count (5,777 at the 2021 Census → 6,093 now). Annual growth rates are compound (CAGR), not simple averages.
Age profile
Cohort shares are not raw Census counts. Every cohort is held as a pair — the Census baseline and a current estimate — and the split is re-based using ERP and state population projections, current to May 2026. Median age is the Census median plus modelled change since. Charts that show both are labelled "2021 Census vs Current Estimate".
Property sales
Sourced from the state valuation authority's sales register — current, not Census, and refreshed weekly. Medians are calculated from settled transactions in the period shown; periods with very low transaction counts are flagged or suppressed, because a handful of sales can move a median substantially.
Rents
Derived from state rental bond lodgement data, by dwelling type and bedroom count. Bonds are lodged at the start of a new tenancy, so this reflects new lettings, not the whole rented stock.
Development & infrastructure
Building approvals come from current ABS releases; development applications are collected from council and state planning portals; the infrastructure pipeline is compiled from Infrastructure Australia and local government sources. Applications are matched to this boundary by address or coordinates, so very recent lodgements may not yet appear.
Employment & income
Industry and occupation structure comes from the Census, but the headline labour-market indicators do not. Unemployment and labour force are derived from ABS Small Area Labour Markets (quarterly). The employment outlook applies Department of Employment forecasts for all 19 industry divisions to this area's own industry mix (the agency is now Jobs and Skills Australia), as does the Internet Vacancy Index used for job demand. Because it is weighted on industry composition alone, that outlook carries no allowance for local population growth — in fast-growing areas the real rise in local jobs will typically be higher. Income combines Census household income with ATO taxable-income statistics for FY 2023, indexed forward using the Wage Price Index.
Education, transport & amenities
School enrolments, ICSEA and performance come from ACARA's current release, not the Census. Public transport stops and service frequency are derived from GTFS timetable feeds published by state transport departments. Services and amenities are proximity and count scores built from provider directories, refreshed on their own cycle. The Census contributes only the travel-to-work and qualification measures.
Rankings and benchmarks. Where we rank this area, the comparison set is every area of the same boundary type — suburbs against suburbs, SA2s against SA2s. Benchmarks compare this area against its greater capital city region and the national figure for the same measure and period.
Limits worth knowing. Small areas carry larger error margins, and the ABS introduces small random adjustments to Census counts to protect confidentiality — so totals may not sum exactly. Estimates re-based from regional data describe the area's expected trajectory, not a direct count of it. Figures are indicative for research and are not financial, planning or valuation advice.
Cross-check us. The Census baseline for this boundary is at ABS 2021 Census QuickStats (SAL13081). QuickStats reports 2021 only — the figures on this page are more current wherever the ledger shows a later date.