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Oakleigh
AREA REPORTS

Oakleigh

Oakleigh - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3166

house
unit

OAKLEIGH, 3166 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling OAKLEIGH, 3166 values up and netting property investors a capital gain of 9.72% for the past year.

Investors saw the median home price rise to $1,388,000.

Profits due to an upward trend in home prices in the suburb averaged 6.9% per annum over a 3-year period.

OAKLEIGH now ranks at the 560th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in OAKLEIGH are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $510 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In OAKLEIGH, homes and units usually stay on listing for an average of 0.0 days.

In 2016, 63 properties were sold in OAKLEIGH during the past year, making it the 130th most active market in VIC based on total real estate transactions.

Data report can be found below

Oakleigh
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,388,000 $613,000
GROWTH REPORT
Median Quarterly 2.06% 0.49%
Median 12 month 9.72% 3.24%
Median 3 years 20.7% 8.5%
Median 5 years 38.11% 16.76%
10 years average annual 7.7% 3.88%
Weekly media advert. rent $510 $400
Time on Market 0.0 days 67.3 days
Gross Rental Yield Percent 1.91% 3.39%
demographics (median values)*
Total Population
23757
Weekly Household Income
1584
Household Size
2.70
Age
35
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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