Suburb Profile Report for Oakleigh East VIC (3166)

Oakleigh East House: Median price $997,000, Annual capital growth 7.09%, Number of sales 27, Weekly median advertised rent $445

Oakleigh East Unit: Median price $800,000, Annual capital growth 9.68%, Number of sales 37, Weekly median advertised rent $435

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

Oakleigh East is in the bottom 10% in VIC when comparing median price capital growth over the last year. Oakleigh East gave property investors a dismal capital gain figure when compared to the rest of the state, with -13.30%.

The five-year average increase in median property values for Oakleigh East,3166 has given property investors a potential capital gain of 58.25% across each of those five years.

Property buyers and investors in Oakleigh East 3166 should be seeing an average reduction in asking price of around -4.20% . This means that Oakleigh East is holding prices well when compared to other suburbs in VIC.

Using the current median advertised rental of $445 and the average annual increase in value of a median property of 7.09%, investors should hope to achieve an overall return of 2.32%

Investment property in Oakleigh East has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.89%

A 39.74% growth in median value for property investors in Oakleigh East,3166 puts this suburb at number 249th in terms of best performing suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.82% offered to property buyers. Sellers in Oakleigh East itself are offering an average vendor discount of -3.44% to real estate investors.

Oakleigh East, 3166’s gross rental yield is 2.83%

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
Metrics i HOUSE UNIT
$997,000 $800,000
-9.37% -1.23%
-13.30% 0.89%
7.09% 9.68%
$445 $435
27 37
2.32% 2.83%
62.69 119.3

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (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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