Oakwood is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 178, the suburb has an established demographic with a median age of 38. Households earn a median income of $81K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, sales. The top ancestries reported are English, Australian, Scottish.
The median house price in Oakwood is $4.2 million, having dropped significantly 14.3% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 0.5%. The median monthly mortgage repayment is $1,200.
Public transport access includes 7 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Oakwood offers a gross rental yield of 0.5%, rated as low yield. Property prices are above the state median ($4.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 51.7x is considered stretched. House prices have moved -14.3% year-on-year.
Oakwood is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 178, the suburb has an established demographic with a median age of 38. Households earn a median income of $81K per year, with an average household size of 2.6 people. The most common occupations are managers, professionals, sales. The top ancestries reported are English, Australian, Scottish.
The median house price in Oakwood is $4.2 million, having dropped significantly 14.3% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 0.5%. The median monthly mortgage repayment is $1,200.
Public transport access includes 7 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Oakwood offers a gross rental yield of 0.5%, rated as low yield. Property prices are above the state median ($4.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 51.7x is considered stretched. House prices have moved -14.3% year-on-year.