Giving property investors a an average capital gain of 6.51% for the last year, Oyster Bay, 2225 is the 2180th highest performer in Australia in this respect.
While Oyster Bay,2225 ranked number 996th in NSW for increase in median house value (annualised) increase, it is ranked 333th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Oyster Bay itself are offering an average vendor discount of -9.17% to real estate investors.
Oyster Bay is 913th on a list of best yielding suburbs for rents in NSW with a 2.70% return
Sutherland Shire suburb Oyster Bay is one of those ‘middle range’ suburbs which is experiencing a pickup in capital growth.Full summary
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Growth drivers: affordability, lifestyle,transport
Sutherland Shire suburb Oyster Bay is one of those ‘middle range’ suburbs which is experiencing a pickup in capital growth. Values grew by a significant 10% over the January quarter.
While the suburb is some distance from the CBD at 26km, it is within easy reach of the Como and Jannali rail stations, which offer direct trains to Central station and to Wollongong, and is sandwiched on the other side by the Princes Highway. It has a small shopping centre in the suburb, but is within easy reach of further amenities in Sylvania and Kareela. It’s situated on the Georges River, with a number of boat ramps. The suburb is also within easy reach of the reserves of the Sutherland Peninsula, the Royal National Park.
Residents are typically of working age, with average weekly income is significantly above the NSW average at $1,905pw (ABS). The suburb is dominated by separate houses. Median prices compare extremely well to other Shire waterside suburbs: exclusive Kangaroo Point’s median is well over $2m, and the median price in Sylvania Waters is $921,000.However, the rental market is very small at just 9% of the market – although vacancy rates are extremely tight at 1.3%. Capital growth potential is significant, though, with the suburb’s DSR score (see page ?? for further details) at 38 – indicating growth potential of more than 11% over the next 12 months.