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Oaklands Junction, VIC 3063
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,495,000
list-price estimate
Median Unit
$1,130,000
Gross Yield (houses)
2.1%
1yr Growth (houses)
-7.0%
market range -15.0% to +12.5%
Investment snapshot for Oaklands Junction
Oaklands Junction has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Oaklands Junction market and investor summary
In Oaklands Junction, VIC 3063, houses show a gross rental yield of 2.1%. House prices have moved -7.0% over the past year. At 5.1% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.1% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 5.1% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 122 days on market, so plan for a slower exit if you ever need one.
Living in Oaklands Junction: people, income and schools
About 439 people live in Oaklands Junction, and the area has been growing steadily, up about 41% over five years. At a median age of 42, it reads as skewed a little older, and 83% 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 $133,000 a year (about $2,550 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 16% over five years, which tends to underpin what local buyers can pay.
Families have 2 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Oaklands Junction sits about 28 km from the CBD. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 439
- +41% over 5yr
- Median age
- 42 years
- Median household income
- $133,000/yr
- Households renting
- 17%
- Family households
- 59%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 980
- Unemployment
- 3.9%
- Distance to CBD
- 28 km
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Oaklands Junction
View all →Frequently asked questions about Oaklands Junction
What should I check before investing in Oaklands Junction?
Oaklands Junction has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Oaklands Junction?
The median property price in Oaklands Junction, VIC 3063 is $1.1M for units.
What rental yield does Oaklands Junction show?
The gross rental yield in Oaklands Junction is 2.1% for houses. 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 Oaklands Junction?
House prices in Oaklands Junction are down 7.0% 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 Oaklands Junction?
The current vacancy rate in Oaklands Junction is 5.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Oaklands Junction?
Oaklands Junction has a population of approximately 439 residents, with a median age of 42.
What schools are near Oaklands Junction?
There are 2 schools within roughly 5km of Oaklands Junction. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Oaklands Junction's population growing?
The population of Oaklands Junction has grown about 41% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Oaklands Junction from the CBD?
Oaklands Junction is about 28 km from the CBD.
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