Oak Flats (postcode 2529) is a medium-sized suburb in New South Wales within the Shellharbour local government area. The area has roughly 6,840 residents and an established family demographic, with a median age of 42. Households earn a median income of $77K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.9% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, community & personal service, professionals. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Oak Flats has a median house price of $1.0 million, which has jumped by 11.6% year-on-year. Units have a median price of $850,000 (+4.9% YoY). The current median weekly rent is $785. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,950.
Oak Flats is served by 4 schools, including 2 primary, 2 secondary. The average ICSEA score is 978, which is around the national average of 1,000. Public transport access includes 1 rail station, 39 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Shellharbour LGA is below average at 2,875 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 4.0%, which reads as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 13.2x is considered stretched. House prices have moved +11.6% year-on-year. Population growth of +1.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.