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Oakey, QLD 4401

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Oakey, QLD 4401 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Oakey, QLD 4401”

  1. The total adult population (15 years or older) of Oakey 4401 QLD is 3,800, with a median age of 40. Of those, 42.45% are married, 14.87% are divorced or separated, 36.37% are single and 6.53% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $5,852. The median monthly mortgage repayment for households in this suburb is $1,238 which is 21.16% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Queensland, Oakey 4401 is a suburb home to approximately 2381 households. The Australian housing market has been a persistent topic of discussion, especially in suburbs like Oakey where property investors have shown a keen interest considering its appreciable indicative yield.

    As we look into the third quarter of 2023, the typical property prices in Oakey hover around $355,204. Houses in this suburb are rented out at a median weekly rent of $351, which generates an attractive indicative yield of 5.14%, a figure that surpasses the minimal market requirement of 3%, making Oakey a considerable choice for investors focused on cash flow.

    Oakey flaunts an impressive IRSAD score of 860 out of 1217, suggesting a relatively high socio-economic status amongst its citizens. This is reflective of a comfortable living environment, a factor endearing to potential property buyers and renters alike.

    However, the suburb presents a renter to owner ratio of 35%, which trends toward the higher end. Despite being above the favourable threshold of 30%, it is critically important to remember that a careful balance of metrics is what defines a good property market, and one marginally high number is not a disqualifying factor.

    Interestingly, the units to houses ratio in Oakey is astonishingly low at 1%, implying a dominantly house-driven property market that can lure families looking for long-tenure stay. In this scenario, property owners can anticipate less competition for tenants while also being aware of the lesser risk of prices falling due to an oversupply of units.

    Oakey also scores well in terms of affordability, with the metrics indicating around 24 years to own a property outright. This is well below the upper threshold of 31 years, indicating a high level of affordability that can potentially attract more willing buyers into the market.

    On the supply side of the equation, the suburb boasts a low stock on market Percentage of 0.34% and an inventory level of 0.9 months – both favourable indicators that point to low supply, which, when combined with high demand, can boost real estate prices in the area.

    Building approvals ratio for houses stands at a low 0.0%, suggesting there’s a limited inflow of new stocks contributing to the property market, again, a positive sign for property owners looking to capitalise on demand-supply dynamics.

    However, one pointer to watch out for is the days on market (DoM) for houses, currently at 109. This suggests a reduced demand as properties are taking longer to close deals.

    Still, the low vacancy rate of 0.48% and the slightly lower-than-average buy search index of 3 are promising signs of high demand, a crucial component that can drive up prices and likely offset the slightly lower DoM.

    In summary, Oakey’s property market in Q3 2023 presents an appealing blend of indicators, making it worthy of consideration by informed property investors. As always, understanding the unique dynamic of a suburb’s real estate market is key to making an informed decision. And for this, HtAG Analytics’ RCS metric ensures you a comprehensive and automated research encompassing over 80 different metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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