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Oakleigh East, VIC 3166
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,205,000
market range $1.2M-$1.3M
Median Unit
$890,000
market range $750K-$925K
Gross Yield (houses)
3.1%
1yr Growth (houses)
+0.9%
market range -5.0% to +7.5%
Investment snapshot for Oakleigh East
Oakleigh East has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Oakleigh East market and investor summary
In Oakleigh East, VIC 3166, the median house sells for around $1.2M, on a gross rental yield of 3.1% for houses. House prices have moved +0.9% over the past year and +4.8% over three years. At 2.0% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.1% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 2.0% and a resident base that is not shrinking.
Living in Oakleigh East: people, income and schools
Oakleigh East is home to around 6,804 people, and the area has been growing steadily, up about 7% over five years. At a median age of 35, it reads as broadly working-age, and families account for 71% of households.
The typical household income runs to around $101,000 a year (about $1,950 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 11.9 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
Families have 54 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Oakleigh East sits about 16 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 63 for walkability and 65 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 6,804
- +7% over 5yr
- Median age
- 35 years
- Median household income
- $101,000/yr
- Households renting
- 35%
- Family households
- 71%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 54
- avg ICSEA 1101
- Unemployment
- 2.7%
- Distance to CBD
- 16 km
- Walk score
- 63/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Oakleigh East
View all →Frequently asked questions about Oakleigh East
What should I check before investing in Oakleigh East?
Oakleigh East has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (2.0% 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 are typical property prices in Oakleigh East?
The median property price in Oakleigh East, VIC 3166 is $1.2M for houses and $890K for units.
What rental yield does Oakleigh East show?
The gross rental yield in Oakleigh East is 3.1% 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 Oakleigh East?
House prices in Oakleigh East are up 0.9% over the past year and up 4.8% over three years. 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 Oakleigh East?
The current vacancy rate in Oakleigh East is 2.0%. 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 Oakleigh East?
Oakleigh East has a population of approximately 6,804 residents, with a median age of 35.
What schools are near Oakleigh East?
There are 54 schools within roughly 5km of Oakleigh East. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Oakleigh East affordable to buy in?
A median house in Oakleigh East costs about 11.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Oakleigh East's population growing?
The population of Oakleigh East has grown about 7% 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 Oakleigh East from the CBD?
Oakleigh East is about 16 km from the CBD.
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