Suburb Profile Report for The Oaks NSW (2570)

The Oaks House: Median price $780,000, Annual capital growth 8.67%, Number of sales 30, Weekly median advertised rent $450

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Investment property in The Oaks has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.29%

Across a shorter period, The Oaks, 2570 has seen a median price increase of -2.50% over the last quarter.

Our latest figures would indicate that property sellers in The Oaks are currently offering property investors an average price cut of -10.18% below the asking price at the moment.

At number 2694 in a list of fastest selling suburbs, The Oaks is in the bottom 30% of suburbs in Australia with an average of days on market 96.4231 for properties listed there.

Advertised rents are around the $450 mark per week – giving a return of 3.00% based on the median price in Suburb

Metrics i HOUSE UNIT
$780,000 N/A
-2.50% N/A
-4.29% N/A
8.67% N/A
$450 N/A
30 N/A
3.00% N/A
96.4230769230769 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 2439
Median household income ($/weekly) 1559
Median age of persons 36
Median housing loan repayment ($/monthly) 1950
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 407 16.7
    25-34 years 269 11.0
    35-44 years 379 15.5
    45-54 years 344 14.1
    55-64 years 319 13.1
    Others 721 29.6
    Age Group
    Census Count Percent(%)
    Registered Married 982 56.2
    Not Married 628 36.0
    Defacto Relationship 136 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2112 89.5
    Japan 13 0.6
    Papua New Guinea 14 0.6
    United Kingdom 111 4.7
    Other 21 0.9
    Others 89 3.8
    Country of Birth
    Census Count Percent(%)
    Christianity 1935 83.4
    No Religion 362 15.6
    Buddhism 14 0.6
    Islam 5 0.2
    Other Religious Groups 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 57 8.4
    $1,000-$1,249 64 9.4
    $1,500-$1,999 121 17.8
    $2,000-$2,499 62 9.1
    $2,500-$2,999 73 10.8
    Others 301 44.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 793 44.2
    Not in the labour force 507 28.3
    Employed, worked part-time 363 20.2
    Employed, away from work 80 4.5
    Unemployed, looking for work 51 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 155 12.6
    Professionals 168 13.6
    Technicians & trades workers 231 18.8
    Community & personal service workers 133 10.8
    Clerical & administrative workers 184 14.9
    Others 361 29.3
    Occupation
    Census Count Percent(%)
    Pre-school 68 10.0
    Infants/Primary 287 42.4
    Secondary 189 27.9
    Technical or Further Educational Institution 46 6.8
    University or other Tertiary Institutions 74 10.9
    Others 13 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2262 96.6
    Semi-detached, row or terrace house, townhouse 32 1.4
    Flat, unit or apartment 20 0.9
    House or flat attached to a shop, office 20 0.9
    Caravan, cabin, houseboat 7 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 384 51.1
    Fully owned 251 33.4
    Rented 113 15.0
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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