Oyster Cove (postcode 2318) is a sparsely populated locality in New South Wales within the Port Stephens local government area. The area has roughly 91 residents and a predominantly older resident base, with a median age of 56. Households earn a median income of $62K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, clerical & administrative, sales. Employment in the area leans toward retail trade and manufacturing. The top ancestries reported are Australian, English, Aboriginal Australian.
Oyster Cove has a median house price of $270,000, holding roughly steady year-on-year. The current median weekly rent is $672. This gives a gross rental yield of approximately 12.9%. The median monthly mortgage repayment is $1,600.
Public transport access includes 1 bus stop. The crime rate in the Port Stephens LGA is below average at 3,152 incidents per 100,000 population.
From an investment perspective, Oyster Cove shows a gross rental yield of approximately 12.9%, rated as high yield. Property prices sit below the state median ($270K/$1.5M), which can point to relative value. The price-to-income ratio of 4.4x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.