Oatley Property Factsheet 2nd Half of 2018
Oatley recorded a median house price of $1,407,250 and $686,000 for units in Q3 2018, which represented an annual (Q3 2017-Q3 2018) price change of 4.2% and 1.6% respectively. Compared to Oatley 1st half 2018 Research Factsheet, which reported an annual (Q1 2017 – Q1 2018) median price change of 4.4% (house) and 13.9% (units), properties in Oatley have become more affordable.
Oatley recorded a median house price of $1,407,250 and $686,000 for units in Q3 2018, which represented an annual (Q3 2017-Q3 2018) price change of 4.2% and 1.6% respectively. Compared to Oatley 1st half 2018 Research Factsheet, which reported an annual (Q1 2017 – Q1 2018) median price change of 4.4% (house) and 13.9% (units), properties in Oatley have become more affordable.
Annual (Q3 2017-Q3 2018) median prices have softened in the Georges River Local Government Area (LGA), by -9.4% to $1,250,000 for houses and by -1.8% to $723,000 for units. Compared to the LGA, the Oatley market have proven to be more resilient in terms of median prices, offering owners and investors higher capital growth. The Oatley house market attracted a higher price compared to the LGA, however its unit market is more affordable. Median house price growth in individual suburbs have shown immense growth between 2016-2018, with Hurstville Grove (35.0%) and Mortdale (11.6%) leading in capital growth.
Median rental prices have increased over the past 12 months to Q3 2018 in Oatley, by 5.2% to $642 per week for houses and by 1.8% to $448 per week for units. Investors are benefiting from rental yields of 2.5% (house) and 3.4% (units), similar to that of Sydney Metro. This further confirms Oatley as an ideal alternate location to invest outside the Sydney Metro area
Oatley is set to invest approximately $358.7M in future developments in the 2nd half of 2018, with 64.5% dedicated to mixed-use projects. This is a mutually beneficial strategy for adding property stock whilst increasing economic activity.
