Oyster Bay has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 15.38% to date .
While Oyster Bay,2225 ranked number 1034th in NSW for increase in median house value (annualised) increase, it is ranked 370th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Oyster Bay is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 343th in terms of most discounted suburbs in NSW
With the median price for a house in Oyster Bay being $1350000 and the advertised rent reaching $680 the gross rental yield for property investors calculates out to be 2.62%
If you compare the increase in value of investment property in Oyster Bay, 2225 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 24.84%.
When looking at the potential capital gains offered to property investors over the last 3 years, Oyster Bay comes in at number 64th in NSW.
Sutherland Shire suburb Oyster Bay is one of those ‘middle range’ suburbs which is experiencing a pickup in capital growth.Full summary
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Growth drivers: affordability, lifestyle,transport
Sutherland Shire suburb Oyster Bay is one of those ‘middle range’ suburbs which is experiencing a pickup in capital growth. Values grew by a significant 10% over the January quarter.
While the suburb is some distance from the CBD at 26km, it is within easy reach of the Como and Jannali rail stations, which offer direct trains to Central station and to Wollongong, and is sandwiched on the other side by the Princes Highway. It has a small shopping centre in the suburb, but is within easy reach of further amenities in Sylvania and Kareela. It’s situated on the Georges River, with a number of boat ramps. The suburb is also within easy reach of the reserves of the Sutherland Peninsula, the Royal National Park.
Residents are typically of working age, with average weekly income is significantly above the NSW average at $1,905pw (ABS). The suburb is dominated by separate houses. Median prices compare extremely well to other Shire waterside suburbs: exclusive Kangaroo Point’s median is well over $2m, and the median price in Sylvania Waters is $921,000.However, the rental market is very small at just 9% of the market – although vacancy rates are extremely tight at 1.3%. Capital growth potential is significant, though, with the suburb’s DSR score (see page ?? for further details) at 38 – indicating growth potential of more than 11% over the next 12 months.