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Oakleigh East

Suburb Profile

Oakleigh East - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3166

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $971,000.

The upward trend in home prices in OAKLEIGH EAST, 3166 averaged 0.14% per annum over a 3-year period.

Average weekly rents on listings have reached the $475 mark, reflecting a 2.54% increase in returns based on the current median price in OAKLEIGH EAST.

An average of 3.17 real estate transactions take place per month in OAKLEIGH EAST which translates to 38 per annum.

38 properties were sold in OAKLEIGH EAST in 2016, making it the 268th most active market in VIC based on total real estate transactions.

OAKLEIGH EAST, 3166 places 492nd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $971,000 $792,000
GROWTH REPORT
Median Quarterly 0.31% 0.22%
Median 12 month 0.05% 2.86%
Median 3 years 0.41% 7.54%
Median 5 years 23.93% 31.45%
10 years average annual 5.91% 6.54%
Weekly media advert. rent $475 $500
Time on Market 57.7 days 130.4 days
Gross Rental Yield Percent 2.54% 3.28%
demographics (median values)
Total Population
5619
Weekly Household Income
1008
Household Size
2.60
demographics
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