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Oak Flats, NSW 2529
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,040,000
market range $950K-$1.2M
Median Unit
$840,000
market range $750K-$875K
Gross Yield (houses)
3.8%
1yr Growth (houses)
+12.2%
market range +5.0% to +17.5%
Investment snapshot for Oak Flats
Oak Flats has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Oak Flats market and investor summary
In Oak Flats, NSW 2529, the median house sells for around $1.0M, on a gross rental yield of 3.8% for houses. House prices have moved +12.2% over the past year. At 0.7% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.7% and a resident base that is not shrinking.
Living in Oak Flats: people, income and schools
About 6,840 people live in Oak Flats, and the area has been growing steadily, up about 9% over five years. At a median age of 42, it reads as skewed a little older, and 74% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $77,000 a year (about $1,490 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 13.4 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 24 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 34 for walkability and 11 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 6,840
- +9% over 5yr
- Median age
- 42 years
- Median household income
- $77,000/yr
- Households renting
- 24%
- Family households
- 74%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 24
- avg ICSEA 1015
- Unemployment
- 4.2%
- Walk score
- 34/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Oak Flats
View all →Frequently asked questions about Oak Flats
What should I check before investing in Oak Flats?
Oak Flats has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.4% gives a usable rent-to-price starting point. Capital growth of +12.2% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Oak Flats?
The median property price in Oak Flats, NSW 2529 is $1.0M for houses and $840K for units.
What rental yield does Oak Flats show?
The gross rental yield in Oak Flats is 3.8% for houses and 4.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Oak Flats?
House prices in Oak Flats are up 12.2% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Oak Flats?
The current vacancy rate in Oak Flats is 0.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Oak Flats?
Oak Flats has a population of approximately 6,840 residents, with a median age of 42.
What schools are near Oak Flats?
There are 24 schools within roughly 5km of Oak Flats. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Oak Flats affordable to buy in?
A median house in Oak Flats costs about 13.4 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Oak Flats's population growing?
The population of Oak Flats has grown about 9% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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