At number 787th in the list of Australian suburbs ordered by increase in median house value over the last year, Oyster Bay, 2225 is in the top 20% with a property value increase of 14.41% recorded in median house prices.
Across a shorter period, Oyster Bay, 2225 has seen a median price increase of 0.00% over the last quarter.
Oyster Bay, 2225 is offering NSW ‘s 199th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.
On average over the past year, suburb has had 5.75 sales per month, which equates to 69 per year.
Oyster Bay is 972th on a list of best yielding suburbs for rents in NSW with a 2.62% return
Investment property in Oyster Bay has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.66%
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.