Suburb Profile Report for Oak Flats NSW (2529)

Oak Flats House: Median price $635,000, Annual capital growth 7.18%, Number of sales 115, Weekly median advertised rent $460

Oak Flats Unit: Median price $550,000, Annual capital growth 8.84%, Number of sales 30, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 590th in the list of Australian suburbs ordered by increase in median house value over the last year, Oak Flats, 2529 is in the top 20% with a property value increase of 18.30% recorded in median house prices.

Oak Flats,2529 has offered an average of 18.30% return per annum in house price rises to property investors over the last three years.

Oak Flats2529 is located in NSW which offers an average discount of -5.25% to property investors. Oak Flats itself is showing figures that indicate -3.93% is the average achievable by property buyers investing in the suburb.

At number 676 in a list of fastest selling suburbs, Oak Flats is in the TOP 20% of suburbs in Australia with an average of days on market 47.42 for properties listed there.

Oak Flats is 468th on a list of best yielding suburbs for rents in NSW with a 3.77% return

Property investors who have had real estate in Oak Flats, 2529 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.22%

If we look at median property appreciation over just the last three months, Oak Flats has given property investors a paper return of 4.76%. This puts Suburb as 106 on a list of fastest fasting appreciating suburbs in NSW

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Oak Flats, 2529. Typically our figures indicate that -2.59% is being offered, which puts this NSW suburb at 1351th most discounted overall in Australia.

In the last year 30 properties changed hands in Oak Flats, which puts it as the 374th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in Oak Flats being $550000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.31%

Metrics i HOUSE UNIT
$635,000 $550,000
4.10% 4.76%
18.30% 10.22%
7.18% 8.84%
$460 $350
115 30
3.77% 3.31%
47.42 46

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 6310
Median household income ($/weekly) 1091
Median age of persons 40
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 825 13.1
    25-34 years 671 10.6
    35-44 years 795 12.6
    45-54 years 977 15.5
    55-64 years 816 12.9
    Others 2225 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 2495 51.4
    Not Married 1995 41.1
    Defacto Relationship 362 7.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4891 80.5
    Greece 126 2.1
    Papua New Guinea 73 1.2
    United Kingdom 471 7.8
    Other 182 3.0
    Others 334 5.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 79 1.3
    Christianity 4515 75.9
    Islam 49 0.8
    Other Religious Groups 27 0.5
    No Religion 1267 21.3
    Others 12 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 276 13.1
    $600-$799 222 10.5
    $800-$999 204 9.7
    $1,500-$1,999 292 13.8
    $2,000-$2,499 188 8.9
    Others 929 44.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1914 38.7
    Employed, worked full-time 1708 34.5
    Employed, worked part-time 932 18.8
    Employed, away from work 199 4.0
    Unemployed, looking for work 195 3.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 347 12.2
    Technicians & trades workers 529 18.7
    Community & personal service workers 351 12.4
    Clerical & administrative workers 400 14.1
    Labourers 336 11.8
    Others 873 30.8
    Occupation
    Census Count Percent(%)
    Pre-school 114 7.9
    Infants/Primary 512 35.4
    Secondary 479 33.1
    Technical or Further Educational Institution 165 11.4
    University or other Tertiary Institutions 140 9.7
    Others 36 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5638 91.9
    Semi-detached, row or terrace house, townhouse 275 4.5
    Flat, unit or apartment 199 3.2
    House or flat attached to a shop, office 18 0.3
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 985 43.4
    Being purchased 798 35.2
    Rented 484 21.3
    Other tenure type 3 0.1
    Tenure Type
Census 2011, ABS
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