Suburb Profile Report for Oakleigh South VIC (3167)

Oakleigh South House: Median price $920,000, Annual capital growth 9.25%, Number of sales 98, Weekly median advertised rent $448

Oakleigh South Unit: Median price $715,000, Annual capital growth 9.78%, Number of sales 39, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Oakleigh South, 3167 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.24%.

If we look at median property appreciation over just the last three months, Oakleigh South has given property investors a paper return of 2.79%. This puts Suburb as 325 on a list of fastest fasting appreciating suburbs in VIC

Sellers are offering property buyers an average discount of -5.51% to buyers in Oakleigh South at the moment, which is less than average for the rest of VIC.

On average over the past year, suburb has had 8.17 sales per month, which equates to 98 per year.

Advertised rents are around the $447.5 mark per week – giving a return of 2.53% based on the median price in Suburb

Over the last year, property investments in Oakleigh South, 3167 have given investors a capital gain of 15.32%. This compares very favourably with the 4.28% for VIC as a whole.

If we look at median property appreciation over just the last three months, Oakleigh South has given property investors a paper return of 5.15%. This puts Suburb as 62 on a list of fastest fasting appreciating suburbs in VIC

A $360 per week rent on the median house gives suburb investors a gross yield of circa 2.62%, without taking into account capital value appreciation, which has been averaging out at 9.78%.

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Property investors who have had real estate in Oakleigh South, 3167 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.63%.

Taking the average capital gain, or increase in median house value, Oakleigh South,3167 has racked up an average of -6.63% over the period. This ranks it number 2778th in the whole country for real estate investors looking at median house price increases.

Oakleigh South3167 is located in VIC which offers an average discount of -8.61% to property investors. Oakleigh South itself is showing figures that indicate -6.63% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 6.08 sales per month, which equates to 73 per year.

Oakleigh South, 3167’s gross rental yield is 3.73%Full summary
Property investors who have had real estate in Oakleigh South, 3167 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.63%.
 
Taking the average capital gain, or increase in median house value, Oakleigh South,3167 has racked up an average of -6.63% over the period. This ranks it number 2778th in the whole country for real estate investors looking at median house price increases.
 
Oakleigh South3167 is located in VIC which offers an average discount of -8.61% to property investors. Oakleigh South itself is showing figures that indicate -6.63% is the average achievable by property buyers investing in the suburb.
 
On average over the past year, suburb has had 6.08 sales per month, which equates to 73 per year.
 
Oakleigh South, 3167’s gross rental yield is 3.73%
 
Selling points: Close to the country's best golf courses
 
Most sought-after properties: 1950s Renovated Homes
 
Most common properties: 1950s BV or WB homes.
 
Top amenities: Golf courses
 
Local industry and business: Golf
 
Best streets: Selworthy St., Beryll Ave.
 
Public Transport: Bus & Trains
 
Main arteries: North Road, Warrigal Road, Centre Road.

 

Close
Metrics i HOUSE UNIT
$920,000 $715,000
2.79% 5.15%
8.24% 15.32%
9.25% 9.78%
$448 $360
98 39
2.53% 2.62%
54.55 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 9140
Median household income ($/weekly) 1270
Median age of persons 39
Median housing loan repayment ($/monthly) 1900
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 961 10.5
    25-34 years 1312 14.4
    35-44 years 1301 14.2
    45-54 years 1271 13.9
    55-64 years 1075 11.8
    Others 3220 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 3777 52.7
    Not Married 3032 42.3
    Defacto Relationship 361 5.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 5023 57.7
    Croatia 292 3.4
    Hong Kong 492 5.6
    Indonesia 426 4.9
    Other 752 8.6
    Others 1726 19.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 386 4.6
    Christianity 5742 67.7
    Hinduism 221 2.6
    Judaism 164 1.9
    No Religion 1704 20.1
    Others 259 3.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 290 10.1
    $1,000-$1,249 261 9.1
    $1,500-$1,999 403 14.0
    $2,000-$2,499 280 9.7
    $2,500-$2,999 268 9.3
    Others 1371 47.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2748 37.8
    Not in the labour force 2678 36.8
    Employed, worked part-time 1324 18.2
    Employed, away from work 270 3.7
    Unemployed, looking for work 255 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 495 11.4
    Professionals 934 21.5
    Technicians & trades workers 602 13.9
    Clerical & administrative workers 709 16.3
    Sales 448 10.3
    Others 1152 26.5
    Occupation
    Census Count Percent(%)
    Pre-school 157 7.8
    Infants/Primary 576 28.5
    Secondary 558 27.6
    Technical or Further Educational Institution 203 10.0
    University or other Tertiary Institutions 455 22.5
    Others 72 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8127 93.2
    Flat, unit or apartment 432 5.0
    Semi-detached, row or terrace house, townhouse 158 1.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1349 43.5
    Being purchased 1104 35.6
    Rented 639 20.6
    Other tenure type 12 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals