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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 7.73% for the past year.

Investors saw the median home price rise to $1,185,000.

Profits due to an downward trend in home prices in the suburb averaged -0.42% per annum over a 3-year period.

OAKLEIGH now ranks at the 586th 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 $525 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 44.9 days.

In 2016, 42 properties were sold in OAKLEIGH during the past year, making it the 324th most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,185,000 $558,750
GROWTH REPORT
Median Quarterly 3.81% -0.89%
Median 12 month 7.73% -2.23%
Median 3 years -1.25% -7.26%
Median 5 years 25.4% 15.8%
10 years average annual 5.49% 3.42%
Weekly media advert. rent $525 $430
Time on Market 44.9 days 49.7 days
Gross Rental Yield Percent 2.3% 4%
demographics (median values)
Total Population
6875
Weekly Household Income
1094
Household Size
2.60
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