With a capital gain of -13.65% for the last 12 months, Oatley, 2223 has performed for property investments than its average annual 6.99% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Oatley,2223 has racked up an average of -13.65% over the period. This ranks it number 2184th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Oatley is $1550000, with sellers offering an average of -7.83% off the asking price.
Advertised rents are around the $690 mark per week – giving a return of 2.31% based on the median price in Suburb
NSW has seen average median house prices change by -4.02% which means that Oatley, 2223 has not done well for property investors by showing a capital gain of -9.32% over the last year
Over the longer term, Oatley has seen property prices show investors a -9.32% return over the last 3 years. This is the same as over the last 12 months
Often selling an investment property can take time, and in Oatley the average time real estate has been on the market is 60.7333 days.
Renters in Suburb are facing rents around $24960 per annum or $480 every week.
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Oatley lies 16km southwest of the Sydney CBD on the north bank of the Georges River. Even though it’s some distance from the CBD, access takes around half an hour via the Eastern Suburbs and Illawarra line.
While the suburb is located away from major arterial roads, they are easily accessible by King Georges Road, which also leads south through Sutherland Shire and the Royal National Park. Oatley is well served for amenities, with a shopping precinct, a number of schools and easy access to the river.
Units here are more affordable than those of neighbouring riverside suburb Connells Point, and Oatley's unit market has been outperforming its house market for capital growth and rental yields in recent times.