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Oak Flats, NSW 2529

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Oak Flats, NSW 2529 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Oak Flats, NSW 2529”

  1. The total adult population (15 years or older) of Oak Flats 2529 NSW is 5,644, with a median age of 42. Of those, 44.47% are married, 14.46% are divorced or separated, 34.39% are single and 6.70% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,228. The median monthly mortgage repayment for households in this suburb is $1,950 which is 26.98% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Oak Flats, postcode 2529, is nestled in the state of New South Wales and boasts approximately 3,336 households. In the third quarter of 2023, the typical prices for houses in the area stand at $889,795 coupled with a median weekly rent of $600. This combination sets an attractive indicative yield of 3.51%, well above the minimum requirement of 3% and leaning favourably towards cashflow-centered property investors.

    The socio-economic landscape within Oak Flats is relatively strong, with the suburb scoring 951 points out of a potential 1217 in the IRSAD index. This serves as a good indication of the socio-economic wellbeing of the residents, including above-average access to economic resources and professional opportunities.

    Renters to owners ratio in Oak Flats is a composed 24%, skewing the market favorably towards property owners. The relatively lower percentage indicates a stable investment environment that’s not oversaturated with rental properties. Offering even more appeal, the units to houses ratio sits nicely at just 5%, embodying a market that’s not oversaturated with units, suggesting lower competition among landlords for tenants and offering potential for higher rental yields.

    However, one aspect that may require a keen eye is the affordability index, standing at 48 years. This is substantially above the standard 30-years mortgage time frame, indicating a decreased affordability in the locale.

    In terms of supply, Oak Flats seems auspicious with a stock on market Percentage at a mere 0.24% coupled with an inventory at 0.97 months. Both these figures highlight a low supply market, making it an attractive proposition for property investment.

    In addition, the building approvals ratio at 0.57% is also promising, showcasing a relatively low increase in the supply of new residential dwellings which can help maintain demand. On the demand side of the equation, days on market of 74 indicates moderate demand, while a vacancy rate of 1.62% illustrates a high demand, both amiable signs for investors.

    The buy search index for houses is averagely healthy, nestled at 5, signalling that the demand for houses in Oak Flats is aligned with the state’s average.

    To summarise, while a few metrics such as the affordability index and days on market might seem unfavourable, the majority indicate favourable investment conditions in Oak Flats. Coupling these insights with an RCS analysis would provide a comprehensive overview and facilitate informed property investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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