The size of Oyster Cove is approximately 20 square kilometres. It has 12 parks covering nearly 11.4% of total area. The population of Oyster Cove in 2011 was 985 people. By 2016 the population was 312 showing a population decline of 68.3% in the area during that time. The predominant age group in Oyster Cove is 50-59 years. Households in Oyster Cove are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Oyster Cove work in a professional occupation. In 2011, 84.7% of the homes in Oyster Cove were owner-occupied compared with 88.5% in 2016. Currently the median sales price of houses in the area is $165,000.