Oak Flats, NSW
FAIR VALUE5,186 sales · 36 years of data · NSW, Australia
Oak Flats, NSW Property Market Overview
Oak Flats, NSW, postcode 2529, is a suburb located in the Illawarra region of New South Wales, south of Sydney. Our data spans 36 years, covering 5,186 recorded property sales, providing a comprehensive overview of the local market. The current median property price in Oak Flats is $875,000 across all property types.
Oak Flats offers a mix of housing options, with houses having a median price of $915,000 and apartments at $796,250. The suburb has experienced consistent growth, as reflected in its historical Compound Annual Growth Rates (CAGR). These factors contribute to the suburb's appeal to a diverse range of buyers, from families to investors. Oak Flats provides a blend of coastal living and access to essential amenities.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Oak Flats
Top streets in Oak Flats, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Devonshire Cres | $895,000 |
| 2 | Bridge Ave | $970,000 |
| 3 | Deakin St | $910,000 |
| 4 | The Esplanade | $1,275,000 |
... and 98 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | The Boulevarde | $4,317/m² |
| 2 | Kingston St | $6,585/m² |
| 3 | Malin Rd | $4,244/m² |
| 4 | Government Rd | $17,400/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | David Ave | +8.7% |
| 2 | Parkes St | +9.0% |
| 3 | Central Ave | +11.2% |
| 4 | The Esplanade | +8.3% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
| # | Address | Median |
|---|---|---|
| 1 | 74 Devonshire Cres | $819,000 |
| 2 | 36 Griffiths St | $845,000 |
| 3 | 18 Parkes St | $860,000 |
| 4 | 14 Brigadoon Cct | $799,000 |
... and 6 more buildings
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Oak Flats analysis
102 streets and 10 buildings to explore
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Oak Flats at a Glance
Oak Flats, NSW
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Local Amenities
Living in Oak Flats, NSW
Living in Oak Flats offers a coastal lifestyle with access to essential amenities. The suburb is home to several schools, including Oak Flats Public School and Oak Grove College, catering to families with children. For commuters, Oak Flats Railway Station provides convenient access to public transport. Stockland Shellharbour, a major shopping centre, is located nearby, offering a wide range of retail and dining options.
Residents can enjoy outdoor activities at Lake Illawarra, which provides opportunities for boating, fishing, and picnicking. Parks such as Reddall Reserve offer green spaces for recreation and relaxation. The community in Oak Flats is known for its friendly atmosphere and strong sense of local pride, making it a desirable place to call home.
Who Buys in Oak Flats?
The buyer profile in Oak Flats is diverse, reflecting the suburb's range of housing options and price points. The median property price of $875,000 attracts a mix of families, first home buyers, and investors. The relatively high percentage of strata apartments (17.8%) also appeals to downsizers and those seeking lower-maintenance living. The consistent CAGR over the past 10 and 20 years suggests that Oak Flats is also attracting those looking for long-term capital growth.
Market Analysis
Currently, the Oak Flats property market is assessed to be near its long-term trend, indicating fair value. This means property prices are broadly aligned with historical growth patterns and economic fundamentals. The market isn't currently showing signs of being significantly overvalued or undervalued.
For those observing the Oak Flats market, this cycle position suggests a period of relative stability. Price fluctuations are likely to be less pronounced compared to periods of rapid growth or decline. This can provide a more predictable environment for both buyers and sellers, as market dynamics are less volatile.
Is Oak Flats a Good Investment?
Oak Flats has demonstrated consistent growth in property values over the long term, as evidenced by its historical CAGR. The 10-year CAGR of 6.3% and the full-period CAGR of 6.1% indicate a steady upward trend in property prices. The suburb's current position near its long-term trend suggests a stable market, neither significantly overvalued nor undervalued.
The mix of housing options, including both houses and apartments, caters to a variety of buyers and tenants. The suburb's coastal location and access to amenities contribute to its desirability and underpin property values. These factors combined suggest that Oak Flats presents a balanced market, with potential for continued long-term growth, as of early 2026.
Oak Flats Market Outlook
As of early 2026, the Oak Flats property market is assessed to be near its long-term trend, suggesting fair value. Recent price trends indicate a period of relative stability, with property values aligning with historical growth patterns. While the market has experienced consistent growth in the past, current conditions point to a more balanced environment. This provides a degree of predictability for buyers and sellers in Oak Flats.
Streets & Location in Oak Flats, NSW
Oak Flats, identified by postcode 2529, features a variety of streets each contributing to the suburb's character. Among the streets, THE BOULEVARDE, GRIFFITHS ST, and BRIDGE AVE have some of the highest median property prices. With 102 streets in total, Oak Flats offers a diverse range of residential options. The suburb's location provides access to the coast and local amenities, making it an attractive place to live.
Market Dynamics
The average settlement time for properties in Oak Flats is approximately 52 days, reflecting a standard transaction timeframe. While specific quick-flip percentages are not available, the overall sales data suggests a steady flow of properties changing hands within the suburb. This indicates a healthy level of activity in the Oak Flats property market, with buyers and sellers engaging in transactions across various property types and price points.
Development & Density
Oak Flats features a mix of housing types, with 10 apartment buildings contributing to the suburb's overall development density. The prevalence of houses, compared to apartments, shapes the residential landscape of Oak Flats. The strata apartment percentage of 17.8% indicates a predominantly house-oriented market, although apartments provide alternative housing options. This balance influences the character and affordability of properties in Oak Flats.
Growth & Property Mix
Over the past decade, Oak Flats has demonstrated a solid Compound Annual Growth Rate (CAGR) of 6.3%. Looking back further, the 20-year CAGR stands at 5.2%, while the full-period CAGR, encompassing the entire 36 years of data, is 6.1%. These figures reflect the suburb's long-term property market performance. Oak Flats has a mix of property types, with approximately 17.8% of properties being strata apartments, influencing the overall market dynamics.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.