Oatley

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<p class="x_MsoNormal">An expansive modern home in Oatley has been sold for<span> $2,421,000.</span></p>
<p class="x_MsoNormal">Situated at <span>78a Waratah Street, the narrow (but freestanding) house features six bedrooms, four bedrooms, double garage, and small lawn.</span></p>
<p class="x_MsoNormal"><span>It sits o<span>n a<strong> </strong></span>505 square metre block.</span></p>
<p class="x_MsoNormal"><span>The home had not previously sold since it was built.</span></p>
<p class="x_MsoNormal"><span>Oatley's median house price is $1,555,500.</span></p>
<p>Andrew Stefanovski and Bobbi Trajkovski, from Laing+Simmons St George, listed the property.</p>
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j.ballantyne1990-6AQqhLzZaK

Oatley home sells for almost $2.5 million

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<p><span>Oatley is a quiet, well-regarded suburb in the St George area, positioned on the northern foreshores of the Georges River, just to the south-west of Hurstville, and approximately 18 kilometres south of the CBD according to a recent Herron Todd White (HTW) residential report.</span></p>
<p><span>The report notes it benefits from a train station on the Illawarra line, a popular shopping strip and bus services, along with close proximity to the major shopping precinct at Hurstville. A</span>ll these attributes make Oatley a suburb great for families and popular for both owner- occupiers and investors.</p>
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<p><span>The median house price for Oatley in 2018 was $1.65 million, while the median unit price was $805,000, according to CoreLogic data. </span></p>
<p>A sale just above that median price was of <a href="https://www.realestate.com.au/sold/property-house-nsw-oatley-129749714" target="_blank">26 Douglas Haig Street</a> (pictured in title), which sold in November for $1.821 million. The property comprised an updated, 1960s, single storey brick home with three bedrooms, two bathrooms, garage, carport and inground pool on 697 square metres of land.</p>
<p>"Oatley is a suburb of extremes when it comes to property prices, with large waterfront homes achieving $3 million-plus and in some cases $4 million-plus, while at the other end of the scale, there are a number of unit complexes which provide opportunities for first home buyers and investors," says the valuation firm. </p>
<p>Entry level for an original 1960s two bedroom, one bathroom unit with one car garage is between $650,000 and $700,000, with most of these complexes located within close proximity to the railway station and shops.</p>
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<p>At the entry level for houses, <a href="https://www.realestate.com.au/sold/property-house-nsw-oatley-128945898" target="_blank">9 Boundary Street </a>(pictured below) sold in November for $900,000. The sale provided a small 1960s, single level, weatherboard home with three bedrooms and two bathrooms in updated condition with carport and above ground pool.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/5/7/oatley%202.jpg" alt=""></p>
<p><span>The compromise here however was a smaller than average block of land at 487 square metres and being located on a busy local thoroughfare and further from the railway station and shopping precinct. </span></p>
<p><span>"This type of property can provide a good opportunity in a declining market as prices for </span>properties with secondary attributes often see the largest declines. Whilst that makes these types of properties slightly riskier, they are still a good option if they are located in a popular suburb such as Oatley," concluded the report. </p>
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