Suburb Profile Report for Oak Flats NSW (2529)

Oak Flats House: Median price $555,000, Annual capital growth 6.15%, Number of sales 91, Weekly median advertised rent $460

Oak Flats Unit: Median price $425,000, Annual capital growth 6.88%, Number of sales 23, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 7.28% which means that Oak Flats, 2529 has done well for property investors by showing a capital gain of 8.82% over the last year

Across a shorter period, Oak Flats, 2529 has seen a median price increase of 1.83% over the last quarter.

Property buyers and investors in Oak Flats 2529 should be seeing an average reduction in asking price of around -3.61% . This means that Oak Flats is holding prices well when compared to other suburbs in NSW.

Residents and property investors in Oak Flats have been waiting around 55.1 days to sell a property.

Oak Flats, 2529’s gross rental yield is 4.31%

NSW has seen average median house prices change by 5.73% which means that Oak Flats, 2529 has done well for property investors by showing a capital gain of 16.44% over the last year

Across a shorter period, Oak Flats, 2529 has seen a median price increase of -5.97% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Oak Flats is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 255th in terms of most discounted suburbs in NSW

On average over the past year, suburb has had 1.92 sales per month, which equates to 23 per year.

Renters in Suburb are facing rents around $4440 per annum or $370 every week.

HOUSE UNIT
$555,000 $425,000
1.83% -5.97%
8.82% 16.44%
6.15% 6.88%
$460 $370
91 23
4.31% 4.53%
55.1 74.11

Source: CoreLogic

DSR Score for property investment : Above average (U), Very good (H)
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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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