Question 1

Is Oakdale a nice place to live?

Accepted Answer

Oakdale is a small semi-rural village in Wollondilly Shire, set among rolling farmland and pockets of native bush to the south west of Sydney and close to Picton and Tahmoor. It has a relaxed country character with weatherboard cottages and low-density rural properties including hobby farms and acreage blocks. Community life centres on a modest town centre, community halls and sports fields, while a wider range of shops and rail links is available in nearby towns. That combination suits people after a quieter, open-space lifestyle with easy access to larger centres rather than full isolation.

The community of 2,028 people has a median age of 36 and is weighted towards families, with couple families with children making up 50.0% and couple families overall 87.3% of all families. Most homes are owner-occupied at 86.9% and the median total household income is $2,083 a week, roughly $108,316 a year. Local council-managed facilities include Oakdale Community Hall, Willis Park, Oakdale Tennis Courts and the town shops, and a Renew and Upgrade Oakdale Hall project is proceeding through planning and design with $1.74 million in grants for refurbishment and extension works.

Question 2

Is it expensive to live in Oakdale?

Accepted Answer

House rents in Oakdale sit at about $650 a week. Against the typical local household income of $2,083 a week as recorded at the last Census, that rent would take roughly 31.2% of a household's weekly income, which is a sizeable share of income. If you're renting rather than buying, that rent share is the number that matters when weighing costs here and whether it feels expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Oakdale a good place to invest?

Accepted Answer

Over the past 12 months in Oakdale, median house values fell 4.6% while the rent a house attracts dropped 5.8%. The fall in house rents was larger in percentage terms than the fall in house values, so rental income declined somewhat more than capital value over the year. If rental income is your primary concern, the change in rents is the figure to focus on; if you care mainly about capital growth, look at the values movement. What that means for you depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-4.6%	N/A
Sold Past 3 months	6	N/A
Median days on market Past 12 months	23	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	-5.8%	N/A

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