Suburb Profile Report for Oakey QLD (4401)

Oakey House: Median price $192,500, Annual capital growth 0.07%, Number of sales 36, Weekly median advertised rent $299

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Over the last year, property investments in Oakey, 4401 have given investors a capital gain of -20.54%. This compares very badly with the 0.78% for QLD as a whole.

Oakey,4401 was ranked 1101 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Oakey are currently offering property investors an average price cut of -9.24% below the asking price at the moment.

In the last year 36 properties changed hands in Oakey, which puts it as the 527th most active market in QLD when comparing the number of sales per suburb.

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Oakey, QLD – Rural suburb offers affordability

Postcode: 4401

Median house price: $190,000

Three-year growth: -23.1%

Rental yield: 8.1%

Located 153km inland from Brisbane, Oakey has the heart of a rural town but with the flair of a thriving business hub.

Two supermarkets, a sports centre and a hairdresser can be found locally, and there is also a hospital, a library, and three local schools. It is also home to the Australian Army Flying Museum.

Further amenities and work opportunities are in close reach in the city of Toowoomba, which has experienced substantial growth in both infrastructure and employment. The nearby city also hosts the annual Carnival of Flowers, and a number of new cafes and restaurants are gradually giving rise to the popular ‘laneway’ culture.

Metrics i HOUSE UNIT
$192,500 N/A
1.32% N/A
-20.54% N/A
0.07% N/A
$299 N/A
36 N/A
8.06% N/A
122.5 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 4528
Median household income ($/weekly) 963
Median age of persons 37
Median housing loan repayment ($/monthly) 1300
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 677 14.9
    25-34 years 488 10.8
    35-44 years 611 13.5
    45-54 years 577 12.7
    55-64 years 484 10.7
    Others 1692 37.4
    Age Group
    Census Count Percent(%)
    Registered Married 1479 49.5
    Not Married 1146 38.4
    Defacto Relationship 360 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3894 92.5
    Papua New Guinea 49 1.2
    Philippines 29 0.7
    United Kingdom 106 2.5
    Other 64 1.5
    Others 68 1.6
    Country of Birth
    Census Count Percent(%)
    Christianity 3405 83.6
    No Religion 614 15.1
    Other Religious Groups 27 0.7
    Buddhism 20 0.5
    Islam 6 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 187 13.4
    $600-$799 176 12.6
    $800-$999 152 10.9
    $1,000-$1,249 156 11.2
    $1,500-$1,999 172 12.4
    Others 549 39.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1311 39.7
    Employed, worked full-time 1295 39.2
    Employed, worked part-time 462 14.0
    Employed, away from work 120 3.6
    Unemployed, looking for work 115 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 199 10.6
    Technicians & trades workers 315 16.8
    Community & personal service workers 176 9.4
    Machinery operators & drivers 217 11.6
    Labourers 480 25.6
    Others 491 26.1
    Occupation
    Census Count Percent(%)
    Pre-school 56 6.3
    Infants/Primary 426 47.8
    Secondary 272 30.5
    Technical or Further Educational Institution 52 5.8
    University or other Tertiary Institutions 62 7.0
    Others 23 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3821 95.4
    Flat, unit or apartment 147 3.7
    Semi-detached, row or terrace house, townhouse 18 0.4
    Caravan, cabin, houseboat 18 0.4
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 531 35.0
    Being purchased 490 32.3
    Fully owned 489 32.3
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
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