Suburb Profile Report for Oak Flats NSW (2529)

Oak Flats House: Median price $590,000, Annual capital growth 6.90%, Number of sales 106, Weekly median advertised rent $460

Oak Flats Unit: Median price $499,000, Annual capital growth 8.82%, Number of sales 23, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Oak Flats is in the TOP 20% in NSW when comparing median price capital growth over the last year. Oak Flats gave property investors a very good capital gain figure when compared to the rest of the state, with 15.57%.

Across a shorter period, Oak Flats, 2529 has seen a median price increase of 6.79% over the last quarter.

The most recent median price for Oak Flats is $590000, with sellers offering an average of -3.59% off the asking price.

A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.05%, without taking into account capital value appreciation, which has been averaging out at 6.90%.

At number 20th in the list of Australian suburbs ordered by increase in median house value over the last year, Oak Flats, 2529 is in the top 10% with a property value increase of 36.71% recorded in median house prices.

A 83.46% growth in median value for property investors in Oak Flats,2529 puts this suburb at number 71th in terms of best performing suburbs in NSW

At number 315th of NSW’s most discounted properties, Oak Flats is in the TOP 40% of the state/territory when listing in order of most discounted to least.

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

Oak Flats is 385th on a list of best yielding suburbs for rents in NSW with a 3.75% return

Metrics i HOUSE UNIT
$590,000 $499,000
6.79% 6.74%
15.57% 36.71%
6.90% 8.82%
$460 $360
106 23
4.05% 3.75%
51.09 70.11

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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