Oyster Bay is an average performer in NSW when comparing median price capital growth over the last year. Oyster Bay gave property investors a average capital gain figure when compared to the rest of the state, with 4.98%.
Over the longer term, Oyster Bay has seen property prices show investors a 53.59% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Oyster Bay is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 149th in terms of most discounted suburbs in NSW
Advertised rents are around the $660 mark per week – giving a return of 2.81% based on the median price in Suburb
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.