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Oakbank, SA 5243
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,555,000
list-price estimate
Median Unit
$330,000
list-price estimate
Gross Yield (units)
2.0%
1yr Growth (houses)
+9.4%
market range +5.0% to +12.5%
Investment snapshot for Oakbank
Oakbank has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Oakbank market and investor summary
Oakbank sits in SA, postcode 5243. House prices have moved +9.4% over the past year. At 1.4% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking.
Living in Oakbank: people, income and schools
Oakbank has a resident population of roughly 865, a number that has held fairly steady over five years. At a median age of 48, it reads as skewed a little older, and 84% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $105,000 a year (about $2,020 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). Incomes have risen about 12% over five years, which tends to underpin what local buyers can pay.
Families have 2 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Oakbank sits about 23 km from the CBD. It is fairly car-dependent; the suburb scores 13 for walkability and 2 for transit out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 865
- +6% over 5yr
- Median age
- 48 years
- Median household income
- $105,000/yr
- Households renting
- 14%
- Family households
- 78%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 1021
- Unemployment
- 2.8%
- Distance to CBD
- 23 km
- Walk score
- 13/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Oakbank
No properties currently listed in Oakbank
Search Oakbank listings →Frequently asked questions about Oakbank
What should I check before investing in Oakbank?
Oakbank has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +9.4% in the past year shows strong recent price momentum. Tight rental market (1.4% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What rental yield does Oakbank show?
The gross rental yield in Oakbank is 2.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Oakbank?
House prices in Oakbank are up 9.4% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Oakbank?
The current vacancy rate in Oakbank is 1.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Oakbank?
Oakbank has a population of approximately 865 residents, with a median age of 48.
What schools are near Oakbank?
There are 2 schools within roughly 5km of Oakbank. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Oakbank's population growing?
The population of Oakbank has grown modestly, about 6% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Oakbank from the CBD?
Oakbank is about 23 km from the CBD.
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