Suburb Profile Report for Oakleigh East VIC (3166)

Oakleigh East House: Median price $955,500, Annual capital growth 10.19%, Number of sales 40, Weekly median advertised rent $433

Oakleigh East Unit: Median price $730,000, Annual capital growth 7.83%, Number of sales 44, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Oakleigh East have tracked just lower than the VIC average of 7.68% over the last 12 months.

Oakleigh East,3166 was ranked 2287 in Australia by increase in median property value over the quarter.

A $432.5 per week rent on the median house gives suburb investors a gross yield of circa 2.35%, without taking into account capital value appreciation, which has been averaging out at 10.19%.

Oakleigh East has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 20.66% to date .

Across a shorter period, Oakleigh East, 3166 has seen a median price increase of 8.79% over the last quarter.

Sellers are offering property buyers an average discount of -3.83% to buyers in Oakleigh East at the moment, which is less than average for the rest of VIC.

Property investors should expect to get $390 weekly from the median priced house in this suburb.

Dean & Kylie Sirianni Information supplied by:

Dean & Kylie Sirianni
Barry Plant

M 0400446186 0402019540
O 95683388

W http://www.deanandkylie.com.au/
E dsirianni@barryplant.com.au ksirianni@barryplant.com.au
At number 1414th in the list of Australian suburbs ordered by increase in median house value over the last year, Oakleigh East, 3166 is in the top 40% with a property value increase of 3.90% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Oakleigh East comes in at number 423th in VIC.Full summary
At number 1414th in the list of Australian suburbs ordered by increase in median house value over the last year, Oakleigh East, 3166 is in the top 40% with a property value increase of 3.90% recorded in median house prices.
 
When looking at the potential capital gains offered to property investors over the last 3 years, Oakleigh East comes in at number 423th in VIC.
 
Selling Points:
  • Close to Monash University
  • Greet Family Location
  • Very close to Oakleigh Central
Most sought-after properties: Renovated homes
 
Most common properties: 1950s BV or WB homes.
 
Top amenities: 
Close to Monash University
In between Oakleigh & Clayton.
 
Best streets: Turnbull Ave.
 
Public transport: Buses
 
Main arteries: North Road, Huntingdale Road, Dandenong Road.
 

 

Close
HOUSE UNIT
$955,500 $730,000
0.37% 8.79%
5.64% 20.66%
10.19% 7.83%
$433 $390
40 44
2.35% 2.78%
N/A 55.23

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Oakleigh East VIC
Demographics
Total population 5972
Median household income ($/weekly) 1246
Median age of persons 34
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 553 9.3
    20-24 years 664 11.1
    25-34 years 1134 19.0
    35-44 years 947 15.9
    45-54 years 648 10.8
    Others 2027 33.9
    Age Group
    Census Count Percent(%)
    Not Married 2183 47.0
    Registered Married 2152 46.3
    Defacto Relationship 314 6.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2843 50.0
    Croatia 432 7.6
    Hong Kong 307 5.4
    Indonesia 324 5.7
    Other 367 6.5
    Others 1409 24.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 308 5.6
    Christianity 3348 61.2
    Hinduism 207 3.8
    Islam 224 4.1
    No Religion 1233 22.5
    Others 155 2.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 184 9.6
    $800-$999 189 9.8
    $1,000-$1,249 196 10.2
    $1,500-$1,999 250 13.0
    $2,000-$2,499 197 10.2
    Others 906 47.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1766 37.4
    Not in the labour force 1703 36.1
    Employed, worked part-time 906 19.2
    Unemployed, looking for work 187 4.0
    Employed, away from work 159 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 279 9.9
    Professionals 728 25.7
    Technicians & trades workers 368 13.0
    Clerical & administrative workers 467 16.5
    Sales 289 10.2
    Others 701 24.8
    Occupation
    Census Count Percent(%)
    Pre-school 86 5.7
    Infants/Primary 347 22.9
    Secondary 272 17.9
    Technical or Further Educational Institution 130 8.6
    University or other Tertiary Institutions 629 41.5
    Others 52 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3659 65.2
    Flat, unit or apartment 1446 25.8
    Semi-detached, row or terrace house, townhouse 498 8.9
    House or flat attached to a shop, office 11 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 726 35.2
    Rented 723 35.1
    Being purchased 600 29.1
    Other tenure type 13 0.6
    Tenure Type
Census 2011, ABS
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