This property is Off Market
With an average age of 43, households expect an average monthly mortgage payment of $1,989 or a weekly rent payment of $425. The average family earns a weekly income of $1,562 with a typical household size of 2.6 and a 99.56% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Oak Flats is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Oak Flats changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Oak Flats we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Oak Flats a better buying opportunity than it may have been in the past.
(Country of Birth not stated 3%)
Shellharbour - Oak Flats a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
19 / 100
31 / 100
Industry
11 / 100
22 / 100
Population
12 / 100
19 / 100
House Prices
60 / 100
60 / 100
Jobs
19 / 100
29 / 100
Incidents Trend State Average
Oak Flats High School
Oak Flats, NSW, 2529 State 7-12
Albion Park Public School
Albion Park, NSW, 2527 State K-6
Balarang Public School
Oak Flats, NSW, 2529 State K-6
Albion Park Rail Public School
Albion Park, NSW, 2527 State K-6
Corpus Christi Catholic High School
Oak Flats, NSW, 2529 Independent 7-12
Nazareth Catholic Primary School
Shellharbour City, NSW, 2529 Independent K-6
Oak Flats Public School
Oak Flats, NSW, 2529 State P-6
Mount Warrigal Public School
Warilla, NSW, 2528 State P-6
Barrack Heights Public School
Barrack Heights, NSW, 2528 State K-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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