Open Sat, 10 Oct45 The Esplanade
Oak Flats
5 bed · 3 bath · 4 car · 664 m²
$1,850,000
NSW 2529 · Shellharbour City Council · About 5 km from our Shell Cove office
The suburb
Oak Flats sits on the southern shore of Lake Illawarra, next to Mount Warrigal and Blackbutt, with Balarang at its eastern end. Its subdivision began in 1925 with the Lake Illawarra Township Estate, and in the 1930s it was a holiday spot for Sydney visitors. It grew quickly after the war, when many Dutch, German and Finnish migrants came for affordable housing and built homes here.
Most homes date from the 1950s to the 1970s, many since renovated, extended or replaced, with townhouses on some redeveloped sites. Central Avenue, the main street, was laid out so that it frames the view north over the lake to Mount Kembla. It is a settled family suburb, with its own station, schools and lake foreshore.
The market
Median house price, postcode 2529
+9.7% on a year earlier
Median unit or townhouse price, 2529
+9% on a year earlier
Median weekly rent, houses, 2529
+3.2% on a year earlier
Median weekly rent, units, 2529
+10% on a year earlier
Postcode sale prices: NSW Rent and Sales Report, March quarter 2026, sales in postcode 2529. Rents: NSW Rent and Sales Report, June quarter 2026, median of new bonds lodged with NSW Fair Trading for postcode 2529. © State of New South Wales (Department of Communities and Justice), CC BY 4.0. Medians are a guide, not a valuation. Compare all suburbs.
Living here
The foreshore has parks, picnic spots and a shared path for walking and cycling that runs east around the lake toward Shellharbour Village. Central Avenue has the local shopping strip, and Oak Flats station sits at its southern end on the South Coast Line, with trains to Wollongong and Sydney. The M1 Princes Motorway has its southern interchange at Oak Flats, and Stockland Shellharbour is close by.
Oak Flats Public School on Central Avenue was the first school in the area, opening in the early 1950s. Oak Flats High School, on The Esplanade, overlooks the lake, with Balarang Public School beside it, and Corpus Christi Catholic High School is also in the suburb. The TAFE NSW Shellharbour campus is on College Avenue, close to the City Centre.
The people
People
Median age
Median household income a week
Source: Australian Bureau of Statistics, 2021 Census of Population and Housing, Oak Flats (SAL13064). © Commonwealth of Australia, CC BY 4.0. Tenure shares are of occupied private dwellings and don't add to 100% where some households didn't say.
Selling
Oak Flats buyers weigh the lake and the station. Homes on or near the foreshore, and level blocks within walking distance of the station and Central Avenue, are the most contested. Many houses are post-war originals, so condition, renovation and the size of the block for a rebuild or a second dwelling shape the price. We sell across Oak Flats from our office in Shell Cove.
Renting it out instead? We manage rental homes in Oak Flats too, where houses in the postcode lease for around $810 a week.
Questions
Houses across postcode 2529, which includes Oak Flats, sold for a median of $1,275,000 in the March quarter 2026, up 9.7% on a year earlier, according to the NSW Rent and Sales Report. Prices within a postcode vary a lot from street to street, which is what an appraisal accounts for.
The median weekly rent for a house across postcode 2529 was $810 in the June quarter 2026, and $660 for a unit, from new bonds lodged with NSW Fair Trading. Ask us for a rental appraisal of your property for a figure that reflects its size and condition.
Yes. Monique Field Property sells and manages homes in Oak Flats, about 5 km from our office on Harbour Boulevard in Shell Cove. Book a free appraisal and we'll show you recent sales near you and what we'd expect your home to sell for.
A free appraisal from Monique: recent sales near you, what's on the market, and the price range she'd expect.