Suburb Profile Report for Oakdale NSW (2570)

Oakdale House: Median price $635,000, Annual capital growth 6.83%, Number of sales 36, Weekly median advertised rent $473

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

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Oakdale has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.44%

Oakdale,2570 has offered an average of 4.44% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Oakdale is giving property investors an average Vendor Discount of around -3.72%. This puts suburb at number 922th in NSW when ranking the most discounted suburbs.

With the median price for a house in Oakdale being $635000 and the advertised rent reaching $472.5 the gross rental yield for property investors calculates out to be 3.87%

Information supplied by:


April 2017

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House prices in Oakdale have been soaring for the past five years, with growth for the previous 12 months coming in at almost 40%. The average annual growth rate is high at 6.9%, and going into 2017, quarterly growth in January stayed strong at 8.4%. Discount rates are very low at an average of just 2.7%, suggesting that homes are in strong enough demand here that vendors can sell at very good prices.Full summary

Rural spot attracts interest

Median house price: $662,500

Three-year growth: 48.88%

Rental yield: 3.34%

A semi-rural suburb on the southwestern outskirts of Sydney, the suburb of Oakdale has been ascending rapidly.

House prices have been soaring for the past five years, with growth for the previous 12 months coming in at almost 40%. The average annual growth rate is high at 6.9%, and going into 2017, quarterly growth in January stayed strong at 8.4%. Discount rates are very low at an average of just 2.7%, suggesting that homes are in strong enough demand here that vendors can sell at very good prices. This is supported by the average vacancy rate, which is an extremely low 0.47%.

Oakdale is home to a medical centre, shops and a public school. Bus routes run to Campbelltown, through which residents can travel to Sydney.

Close
Metrics i HOUSE UNIT
$635,000 N/A
-7.97% N/A
4.44% N/A
6.83% N/A
$473 N/A
36 N/A
3.87% N/A
33.55 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 1915
Median household income ($/weekly) 1324
Median age of persons 35
Median housing loan repayment ($/monthly) 1950
Average household size 3
  • Census Count Percent(%)
    5-14 years 320 16.7
    25-34 years 237 12.4
    35-44 years 279 14.6
    45-54 years 249 13.0
    55-64 years 248 13.0
    Others 582 30.4
    Age Group
    Census Count Percent(%)
    Registered Married 724 53.5
    Not Married 486 35.9
    Defacto Relationship 143 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1593 88.1
    Japan 17 0.9
    Netherlands 16 0.9
    United Kingdom 81 4.5
    Other 29 1.6
    Others 73 4.0
    Country of Birth
    Census Count Percent(%)
    Christianity 1440 80.7
    No Religion 324 18.2
    Buddhism 14 0.8
    Other Religious Groups 4 0.2
    Judaism 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 53 10.2
    $800-$999 49 9.4
    $1,250-$1,499 53 10.2
    $1,500-$1,999 69 13.3
    $2,000-$2,499 55 10.6
    Others 241 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 585 43.0
    Not in the labour force 418 30.7
    Employed, worked part-time 256 18.8
    Employed, away from work 56 4.1
    Unemployed, looking for work 47 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 132 14.6
    Technicians & trades workers 191 21.2
    Clerical & administrative workers 122 13.5
    Machinery operators & drivers 99 11.0
    Labourers 101 11.2
    Others 257 28.5
    Occupation
    Census Count Percent(%)
    Pre-school 49 10.6
    Infants/Primary 202 43.5
    Secondary 131 28.2
    Technical or Further Educational Institution 40 8.6
    University or other Tertiary Institutions 38 8.2
    Others 4 0.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1797 97.3
    Caravan, cabin, houseboat 46 2.5
    Flat, unit or apartment 3 0.2
    Semi-detached, row or terrace house, townhouse 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 317 53.2
    Fully owned 185 31.0
    Rented 89 14.9
    Other tenure type 5 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals