AREA REPORTS

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 $1,066,500.

The upward trend in home prices in OAKLEIGH EAST, 3166 averaged 8.74% per annum over a 3-year period.

Average weekly rents on listings have reached the $445 mark, reflecting a 2.17% increase in returns based on the current median price in OAKLEIGH EAST.

An average of 1.92 real estate transactions take place per month in OAKLEIGH EAST which translates to 23 per annum.

23 properties were sold in OAKLEIGH EAST in 2016, making it the 415th most active market in VIC based on total real estate transactions.

OAKLEIGH EAST, 3166 places 620th 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 $1,066,500 $790,000
GROWTH REPORT
Median Quarterly -4.35% -2.35%
Median 12 month -7.26% 0.16%
Median 3 years 26.21% 25.4%
Median 5 years 74.84% 37.39%
10 years average annual 7.67% 8.68%
Weekly media advert. rent $445 $440
Time on Market 66.2 days 119.3 days
Gross Rental Yield Percent 2.17% 2.9%
demographics (median values)
Total Population
5619
Weekly Household Income
1008
Household Size
2.60
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

House and land

Calls to drop negative gearing met with alternative tax proposal

By removing negative gearing, an industry advocate claims Australians would be losing a part of their investing DNA, and is lobbying instead...

Perth Australia

Hotspots reignite in WA as rental demand surges

Every aspect of Perth’s rental market over the September 2018 quarter is benefiting property investors as rental supply is down while d...

Property buyer's market

7-year high stock levels point to a buyer’s market

With stock levels hitting their highest point since 2012, one property researcher claims buyers “are back in the driver’s seat”. ...

Millennial investors

The 3 habits Millennial investors need to change

Millennials are facing a unique property investment horizon compared to their predecessors. We speak to a Generation Y property educator to ...

Ripple effect

The ‘ripple effect’ in property investment

Finding the next property markets set to boom can be as easy as looking out into their 'prime neighbours'. Find out how one expert uses only...

Man lending money to another man

How smart investors are thriving in a tight lending environment

While acquiring finance for property has become harder due to recent lending interventions, experts believe that investors can continue to g...