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Oakleigh, VIC 3166
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,390,000
market range $1.3M-$1.4M
Median Unit
$585,000
market range $550K-$625K
Gross Yield (units)
5.7%
1yr Growth (houses)
-0.9%
market range -7.5% to +5.0%
Investment snapshot for Oakleigh
Oakleigh has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Oakleigh market and investor summary
Oakleigh (VIC 3166) runs a median house price of $1.4M. House prices have moved -0.9% 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 Oakleigh: people, income and schools
About 8,442 people live in Oakleigh, and the area has been growing steadily, up about 7% over five years. The median age is 38, broadly working-age, and families account for 68% of households.
Households here earn a median of about $100,000 a year, or roughly $1,930 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 13.9 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.
There are 67 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 15 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 73 for walkability and 100 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 8,442
- +7% over 5yr
- Median age
- 38 years
- Median household income
- $100,000/yr
- Households renting
- 35%
- Family households
- 68%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 67
- avg ICSEA 1112
- Unemployment
- 2.7%
- Distance to CBD
- 15 km
- Walk score
- 73/100
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
View all →Frequently asked questions about Oakleigh
What should I check before investing in Oakleigh?
Oakleigh has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.7%, giving a stronger rent-to-price starting point than many suburbs. 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 are typical property prices in Oakleigh?
The median property price in Oakleigh, VIC 3166 is $1.4M for houses and $585K for units.
What rental yield does Oakleigh show?
The gross rental yield in Oakleigh is 5.7% 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 Oakleigh?
House prices in Oakleigh are down 0.9% 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 Oakleigh?
The current vacancy rate in Oakleigh 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 Oakleigh?
Oakleigh has a population of approximately 8,442 residents, with a median age of 38.
What schools are near Oakleigh?
There are 67 schools within roughly 5km of Oakleigh. 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 affordable to buy in?
A median house in Oakleigh costs about 13.9 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's population growing?
The population of Oakleigh 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 from the CBD?
Oakleigh is about 15 km from the CBD.
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