Savills is delighted to bring to the market, The Oaks Airport (995 Burragorang Road, The Oaks) offering purchasers the rare opportunity to acquire an existing aerodrome with a significant underlying landholding.
Located South West of Sydney less than one hour's drive, the property presents a unique opportunity appealing to owner-occupiers, investors and developers. The flexibility and scale of this offering, along with the development potential (STCA) offers the purchaser an opportunity within a precinct which is experiencing upward growth.
The size of The Oaks is approximately 38.9 square kilometres. It has 7 parks covering nearly 0.3% of total area. The population of The Oaks in 2011 was 2,439 people. By 2016 the population was 2,520 showing a population growth of 3.3% in the area during that time. The predominant age group in The Oaks is 10-19 years. Households in The Oaks are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Oaks work in a trades occupation. In 2011, 82% of the homes in The Oaks were owner-occupied compared with 81.3% in 2016.
The Oaks has 1,210 properties. Over the last 5 years, Houses in The Oaks have seen a 46.66% increase in median value, while Units have seen a 40.39% increase. As at 31 October 2024:
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