Oak Flats, NSW 2529
Oak Flats property market
No single market dominates in Oak Flats — unit rentals are only just in front, with 98 sales (up 11.4%) at around $1.041M (up 17.4%) as of July 2026, taking about 26 days to sell (up from 21 days last year), with prices growing faster than most house markets in NSW, mostly 3-bedroom (around 55%).
House rentals sit just behind, with 79 leases (up 11.3%) at $725 a week (up 5.8%), renting out in about 15 days, among NSW's most in-demand house rental markets, mostly 3-bedroom (around 75%). Followed by 73 unit sales at around $857k. 65 unit rentals at $740 a week (up), among the country's strongest unit rent gains.
Who lives hereA middle-income, mostly owner-occupied, family-oriented suburb.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Oak Flats demographics & population
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
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Detailed, institutional-grade analysis — well beyond the usual suburb snapshot.
InsideWho lives here · What homes cost to buy & rent · How fast homes are selling · How much is for sale or rent · How it compares to nearby suburbs · Schools nearby
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Who lives in Oak Flats?
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Share of all residents by 5-year band · hover a band for the count + split
A strongly multicultural community with deep migrant heritage.
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Housing & affordability in Oak Flats
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Income & employment in Oak Flats
Incomes, employment, and the occupation mix of the people who live here.
A typical household earns about 1.4× the typical individual here.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Getting around Oak Flats
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
Schools in and around Oak Flats
4 schools inside Oak Flats, plus the closest options around it. Families can choose from 2 primary schools in Oak Flats and its surrounds, and 2 high schools covering the secondary years. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
- Within Oak Flats · 4Order by
- 1Oak Flats Public SchoolGovernment · Primary · Co-ed · Years P-6 · Within suburbState Rank—English—Maths—Students353Multilingual50%ICSEA Rank50th
- 2Corpus Christi Catholic High SchoolCatholic · Secondary · Co-ed · Years 7-12 · Within suburbState Rank—English—Maths—Students353Multilingual50%ICSEA Rank50th
- 3Balarang Public SchoolGovernment · Primary · Co-ed · Years K-6 · Within suburbState Rank—English—Maths—Students353Multilingual50%ICSEA Rank50th
- 4Oak Flats High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Within suburbState Rank—English—Maths—Students353Multilingual50%ICSEA Rank50th
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
Turnover
How settled or transient the community is — and where newcomers came from.
Oak Flats median house price & rent
Headline price, rent, yield and time on market for Oak Flats — choose a property type and size below.
House & unit prices by bedroom
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Oak Flats property growth
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
Houses
Units
Buying vs renting in Oak Flats
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
How strong is demand, and which way is it heading?
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Sales market velocity
Oak Flats against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Oak Flats in blue, peers in colour.
How fast — and is it getting faster?
Housing supply & months of stock
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
Sales market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | SoldSold (last year)Total sold transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are sold each month in this segment, over the last 12 months. |
|---|---|---|---|---|---|---|
| Severe shortage | 1.1 | ▼ -1.9 | 2 | 23 | 1.9 | |
| Balanced | 2.4 | ▲ +1.9 | 5 | 23 | 1.9 | |
| Balanced | 2.7 | ▲ +2.7 | 5 | 23 | 1.9 | |
| Slightly loose | 3.4 | ▲ +2.5 | 7 | 23 | 1.9 | |
| Loose | 4.3 | ▲ +1.3 | 8 | 23 | 1.9 | |
| Loose | 6.6 | ▲ +5.6 | 13 | 23 | 1.9 | |
| Oversupply | 7.3 | — | 14 | 23 | 1.9 |
Rental market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | LeasedLeased (last year)Total leased transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are leased each month in this segment, over the last 12 months. |
|---|
Who's transacting — buyers or tenants?
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Oak Flats — Units & Houses, all bedrooms
Oak Flats median house price & rent history
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Five-year summaryAs of Jun 2026, the median house sale price in Oak Flats rose from $450k (Jul 2021) to $765k (Jun 2026) — +70.2% growth over five years — peaking at $908k between May 2025 and Apr 2026. Median house rent went from $339/wk to $549/wk (+61.9%) over the same period. For units, the median sale price rose from $322k to $738k (+129.3%), with rent up from $344/wk to $547/wk (+59.0%) over the same period.
Suburbs near Oak Flats: prices compared
The nearest suburbs to Oak Flats, ranked by distance — each lined up against Oak Flats on the same measures, so the differences jump out at a glance.
Suburbs like Oak Flats
Suburbs anywhere in NSW that behave like Oak Flats — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)
Oak Flats vs Springfield: the closest sales-market match trades at a median of $542k against Oak Flats's $747k — about 27% lower, with homes selling in 14 days versus 20 days here.
Comparable sales markets to Oak Flats: Springfield, NSW property market, Ropes Crossing property market, Berkeley Vale median house price, Currans Hill property growth and Barrack Heights property prices.
Oak Flats's closest rental-market twins: Ropes Crossing property growth, Currans Hill house prices, Barrack Heights market trends, Berkeley Vale median house price and Springfield median house price. Each link opens that suburb's full market report.
Frequently asked · Oak Flats
26 data-driven answers about Oak Flats's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Oak Flats?
#The median house price in Oak Flats, NSW 2529 is $747k as of June 2026, based on 32 sales over the past 12 months. Houses there have moved +50.0% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
What is the median unit price in Oak Flats?
#The median unit price in Oak Flats, NSW 2529 is $747k as of June 2026, based on 32 sales over the past 12 months. Units have moved +50.0% year-on-year and currently trade at roughly 100% of the median house price.
How much does it cost to rent in Oak Flats?
#The median weekly house rent in Oak Flats is $471 as of June 2026, drawn from 19 leases over the past 12 months. Units rent for around $471 per week. House rents have moved +50.0% year-on-year. Current vacancy pressure is shown in the supply section above.
How much is rent for a 3 bedroom house in Oak Flats?
#A 3 bedroom house in Oak Flats rents for a median $471 per week as of June 2026, drawn from 19 leases over the past 12 months. Across other house sizes: 2-bedroom $471/week, 4-bedroom $471/week. Unit rents: 1-bedroom $471/week, 2-bedroom $471/week, 3-bedroom $471/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.
What is the gross rental yield in Oak Flats?
#Gross rental yield in Oak Flats is 3.15% for houses and 3.15% for units as of June 2026, compared with the NSW unit median of 3.38%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
How much is a 3 bedroom house in Oak Flats?
#As of June 2026, Oak Flats medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $747k | $747k | $747k | $747k |
| Units | $747k | $747k | $747k | — | $747k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
What does it cost to own versus rent at the Oak Flats median?
#At the median Oak Flats house ($747k purchase, $471/week rent), weekly mortgage repayments sit at roughly $721 — about $250 more per week than renting. That gap is the ownership premium. For the median unit ($747k purchase, $471/week rent), repayments run about $721 per week. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.
How the market is moving
Speed, supply, growth, cycle phaseWhat are Oak Flats's property market trends?
#Oak Flats's property market trends to June 2026: house prices rose +50.0% year-on-year and units +50.0%; weekly house rents moved +50.0%; homes now sell in a median 20 days — faster than a year ago by 14; sales supply sits at 7.3 months (saturated). Read together — price, rent, selling speed and supply — they show which way the Oak Flats market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
What does the data say about Oak Flats as an investment?
#As of June 2026 in Oak Flats, house prices rose +50.0% over the year, gross rental yield is 3.15% against a NSW median of 2.58%, houses take a median 20 days to sell, sales supply is 7.3 months (saturated). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
How quickly do houses sell in Oak Flats?
#Houses in Oak Flats sell in a median 20 days on market as of June 2026, with units clearing slightly similarly at 20 days. Days on market have tightened by 14 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Is Oak Flats a tight or loose property market right now?
#Oak Flats's sales market sits at 7.3 months of supply for houses as of June 2026 — classified as Saturated (extreme oversupply) against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is tighter still at 1.8 months of supply.
Have property prices in Oak Flats gone up or down?
#House prices in Oak Flats moved +50.0% over the 12 months to June 2026, while units moved +50.0%. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
How active is the rental market in Oak Flats?
#Oak Flats's house rental market sits at 1.8 months of supply as of June 2026 — classified as Balanced, with 22 houses leased over the past 12 months. Units sit at 2.1 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
Where is Oak Flats in its property market cycle?
#Oak Flats's house market is currently in the 'in_demand_easing' phase as of June 2026 — combining above-median sales velocity nationally with year-on-year tightening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
How it compares
Vs state, vs nearby, vs popularHow does Oak Flats compare to other NSW suburbs?
#Oak Flats's median house price ($747k) is 22% above the NSW median ($611k) as of June 2026. On selling speed, houses clear in 20 days vs 17 days state median. On gross yield, Oak Flats sits at 3.15% vs 2.58% state median.
How does Oak Flats compare to neighbouring suburbs?
#Oak Flats's most-similar nearby market is Springfield (92.8 km away) with a median house price of $542k — about 27% cheaper. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
What's the most popular property type in Oak Flats?
#The most-transacted segment in Oak Flats over the 12 months to June 2026 is 2 bed houses with 23 sales. 3 bed houses come second at 23 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
How many properties were sold and leased in Oak Flats last year?
#Oak Flats recorded 23 house sales and 23 unit sales over the 12 months to June 2026 — a combined 46 transactions. On the rental side, 22 houses and 22 units were leased. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Oak Flats in?
#Oak Flats is in postcode 2529, in the Illawarra region of NSW. Addresses there are written as Oak Flats, NSW 2529.
What is the population of Oak Flats?
#Oak Flats, NSW 2529 is home to 3,663 residents (ABS Census 2021). The median resident age is 37, and the average household holds 2.0 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Oak Flats?
#The median household in Oak Flats earns $857 per week — roughly $45k a year (ABS Census 2021). Median personal income runs $599/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Oak Flats?
#The unemployment rate in Oak Flats is 50.0% (ABS Census 2021). That sits right around the median for Australian suburbs. The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.
Do people own or rent in Oak Flats?
#Oak Flats is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.
What schools are near Oak Flats?
#Oak Flats has 89 schools within reach, 4 of them inside the suburb itself — including Oak Flats Public School, Corpus Christi Catholic High School, Balarang Public School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Is Oak Flats a good place to live?
#Oak Flats, NSW 2529 has a population of 3,663, a median age of 37, a median household income around $857/week, 50% of households renting (ABS Census 2021). There are 89 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
About this data
Methodology and update cadenceWhen was this Oak Flats market data last updated?
#This Oak Flats market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.