Oberon

POSTAL CODE: NSW, 2787

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $552,500.

The upward trend in home prices in OBERON, 2787 averaged 0.61% per annum over a 3-year period.

Average weekly rents on listings have reached the $470 mark, reflecting a 4.42% increase in returns based on the current median price in OBERON.

An average of 7.08 real estate transactions take place per month in OBERON which translates to 85 per annum.

85 properties were sold in OBERON in 2016, making it the 72nd most active market in NSW based on total real estate transactions.

OBERON, 2787 places 1089th in Australia based on median property value growth during the quarter.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $425,000.

Investors saw the median home price rise to $425,000.

The upward trend in home prices in OBERON, 2787 averaged 0% per annum over a 3-year period.

OBERON now ranks at the th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in OBERON are average, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of N/A based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In OBERON, homes and units usually stay on listing for an average of N/A.

13 properties were sold in OBERON in 2016, making it the 550th most active market in NSW based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$552,500	$425,000
Growth Report
Median Quarterly	-1.16%	0%
Median 12 month	-4.74%	0%
Median 3 years	1.84%	0%
Median 5 years	38.13%	0%
10 years average annual	7.42%	0%
Weekly media advert. rent	$470	N/A
Time on Market	80.4 days	N/A
Gross Rental Yield Percent	4.42%	0%

Demographics (Median Values)*

Total Population 4448

Weekly Household Income 1224

Household Size 2.40

Average Age 45

Monthly Loan Repayment 1430

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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