Suburb Profile Report for Oakleigh South VIC (3167)

Oakleigh South House: Median price $886,750, Annual capital growth 6.03%, Number of sales 83, Weekly median advertised rent $500

Oakleigh South Unit: Median price $655,000, Annual capital growth 7.82%, Number of sales 29, Weekly median advertised rent $450

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

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

  • Expert Report
  • House Report
  • Unit Report

Oakleigh South has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -11.33% to date .

A 34.36% growth in median value for property investors in Oakleigh South,3167 puts this suburb at number 405th in terms of best performing suburbs in VIC

Property buyers and investors in Oakleigh South 3167 should be seeing an average reduction in asking price of around -7.94% . This means that Oakleigh South is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 6.92 sales per month, which equates to 83 per year.

Oakleigh South is 478th on a list of best yielding suburbs for rents in VIC with a 2.93% return

With a capital gain of -10.88% for the last 12 months, Oakleigh South, 3167 has performed for property investments than its average annual 7.82% property growth over the last 5 years.

The five-year average increase in median property values for Oakleigh South,3167 has given property investors a potential capital gain of 20.29% across each of those five years.

Renters in Suburb are facing rents around $23400 per annum or $450 every week.

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
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.

 

Metrics i HOUSE UNIT
$886,750 $655,000
-1.39% -7.09%
-11.33% -10.88%
6.03% 7.82%
$500 $450
83 29
2.93% 3.57%
68.5952380952381 73.4

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

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Oakleigh South VIC
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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