Oakleigh, VIC 3166: Suburb Profile & Property Report

Market Report

House report
Unit Report

Oakleigh has 81 houses available for sale. The median property price for a house is currently $1,336,500 with annual capital growth of 1.17% . There were 78 house sales in the past 12 months. On average, houses spend 41 days on market.

If you're thinking about buying an investment property in Oakleigh, consider that rental yields for houses are currently 2.76% with an average median rent of $650 weekly. Houses have seen -3.33% growth in the past quarter, and 1.17% growth in the past 12 months.

The size of Oakleigh is approximately 3.5 square kilometres. It has 11 parks covering nearly 10.8% of total area. The population of Oakleigh in 2011 was 7,534 people. By 2016 the population was 7,891 showing a population growth of 4.7% in the area during that time. The predominant age group in Oakleigh is 20-29 years.

Households in Oakleigh are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oakleigh work in a professional occupation. In 2011, 67.3% of the homes in Oakleigh were owner-occupied compared with 64.4% in 2016.

Oakleigh has 129 units available for sale. The median property price for a unit is currently $529,500 with annual capital growth of -5.02% . There were 122 unit sales in the past 12 months. On average, units spend 44 days on market.

If you're thinking about buying an investment property in Oakleigh, consider that rental yields for units are currently 4.83% with an average median rent of $580 weekly. Units have seen 1.83% growth in the past quarter, and -5.02% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$1,336,500	$529,500
Quarterly growth	-3.33%	+1.83%
12-month growth	+1.17%	-5.02%
Average annual growth	+4.01%	-2.60%
Weekly median rent	$650	$580
Gross rental yield	2.76%	4.83%
Number of Sales (12m)	78	122
Avg. Days on Market (12m)	41	44

Jump to Market Trends

Key Demographics	2011	2016
Total population	7,534	7,891
Population change (5y)	+9.55%	+4.70%
Median household income (p/w)	$1,386	$1,568
Household income change (5y)	+24.08%	+13.13%
Median age of persons	36	37

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Oakleigh is $1,336,500 for houses and $529,500 for units.

The Median Growth in Oakleigh over the past 12 months is 1.17% for houses and -5.02% for units.

Over the past 12 months there were 78 houses sold and 122 units sold in Oakleigh. On average, houses spent 41 days on market and units spent 44 days on market.

In the past 12 months up to July 2024 there were 78 houses sold and 122 units sold in Oakleigh. On average, houses spent 41 days on market and units spent 44 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Oakleigh is $650 for houses and $580 for units.

The Rental Yield in Oakleigh is 2.76% for houses and 4.83% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Oakleigh was 7,891 in 2016, a +4.70% change compared to 2011.

The predominant age group in Oakleigh is 20-29 years.

The population of Oakleigh was 7,891 in 2016, a +4.70% change compared to 2011.

The predominant age group in Oakleigh is 20-29 years.

Most of the population in Oakleigh were born in Australia.

Most of the population in Oakleigh report their religion as No Religion.

Most of the population in Oakleigh report their religion as Catholic.

Most of the population in Oakleigh report their income range as between $78,000 and $130,000 .

The median household income in Oakleigh was $1,568 in 2016, a +13.13% change compared to 2011.

Most of the population in Oakleigh report their income range as between $78,000 and $130,000 .

The median household income in Oakleigh was $1,386 in 2011, a +24.08% change compared to 2006.

Most of the population in Oakleigh work as Professional.

The chart below demonstrates the various levels of education in Oakleigh.

Most of the population in Oakleigh reached a qualification level of Bachelor.

2011 2016

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