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Oakleigh East, VIC 3166

Home » VIC Real Estate Data » Monash City, VIC » Oakleigh East, VIC 3166

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 Oakleigh East, VIC 3166 located in Melbourne 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

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5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

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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 “Oakleigh East, VIC 3166”

  1. The total adult population (15 years or older) of Oakleigh East 3166 VIC is 5,722, with a median age of 35. Of those, 46.84% are married, 8.86% are divorced or separated, 39.22% are single and 4.95% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,800. The median monthly mortgage repayment for households in this suburb is $2,300 which is 26.14% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, the suburb of Oakleigh East 3166 boasts an estimated household number of 3037. The third quarter of 2023 saw typical prices for houses standing at $1,260,975. With a median weekly rent totalling $534, this creates an indicative yield of approximately 2.2%, falling slightly short but not far away from the desirable market standard of 3% for cashflow-focused investors.

    The suburb’s socio-economic score suggests a fairly positive picture, with an IRSAD score of 1052 out of a possible 1217. This indicates the area’s residents enjoy a reasonable level of economic access and may potentially suggest good income levels and an array of skilled occupations amongst residents.

    The renter to owner ratio in Oakleigh East stands at 35%, landing slightly higher than the ideal range of 30% and below. This indicates a denser renter population which can potentially present a longer term risk especially in a market downturn, or even increase competition among property investors.

    The units to houses ratio is at a favourable 30%, signifying a healthy balance between different property types and thus, a potentially stable market that avoids rentals oversaturation and encourages longer tenancies.

    On the other hand, the affordability index for houses in this suburb sits at 56 years, exceeding the typical 30-years worth value and marking that the area may be less affordable for potential buyers.

    Indications of supply are similarly interesting. The stock on market percentage for houses is just 0.07%, indicating a market with low supply and potentially higher attraction for buyers. The inventory level for houses, depicted at a very low 0.29 months, further supports this picture of restricted supply, making it potentially favourable for sellers.

    The building approvals ratio for houses stands at a relatively low 0.74%, indicating there’s not a significant surge in new dwelling stock supply that could saturate the market and affect prices.

    The demand-side metrics showcase that properties in Oakleigh East are generally sold fairly quickly. The average number ‘days on market’ for houses is just 24 days, suggesting high demand. Meanwhile, the vacancy rate, reflecting a combined figure for houses and units, is 1.59% – a figure that leans more towards high demand as it sits below the 3.5% threshold.

    However, the buy search index for houses, sitting at 3, is relatively limited, indicating a likely lower level of buyer interest when compared to the state or city average.

    Overall, the comprehensive picture for Oakleigh East 3166 offers a mix of indicators. Whilst some metrics fall within favourable ranges, others reside in less attractive brackets. An investor could do well here if they direct focus to the majority favourable indicators, considering not just current values but studying their trends. Additionally, utilising tools such as HtAG Analytics’ Relative Composite Score metric can further assist in simplifying and expediting the data analysis process for real estate investors.

    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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