AREA REPORTS

Oakleigh South

VIC/
Oakleigh south

Suburb Profile

Oakleigh South - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3167

house
unit

Property investments in OAKLEIGH SOUTH did not fare well against the rest of the country last year, registering a median home price decrease of 2.93%.

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

Based on its average 5-year and quarterly capital gains OAKLEIGH SOUTH, 3167 saw average growth in the long term.

Real estate investors could earn a rental income of $495 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 46.8 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,020,000.

OAKLEIGH SOUTH ranks 458th on the list of best yielding suburbs for rental properties in VIC, posting a 2.52% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,020,000 $736,252
GROWTH REPORT
Median Quarterly -2.16% -0.51%
Median 12 month 2.93% -3.76%
Median 3 years 40.69% 34.48%
Median 5 years 75.86% 83.6%
10 years average annual 7.68% 8.15%
Weekly media advert. rent $495 $420
Time on Market 46.8 days 92.5 days
Gross Rental Yield Percent 2.52% 2.97%
demographics (median values)
Total Population
8927
Weekly Household Income
1063
Household Size
2.70
demographics
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