Oakbank is a small community in South Australia within the Adelaide Hills local government area (postcode 5243). With a population of 865, the suburb has a mature demographic with a median age of 48. Households earn a median income of $105K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Oakbank is $1.1 million, having surged 20.7% over the past year. The current median weekly rent is $700. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,824.
Oakbank is served by 1 school, including 1 combined. The average ICSEA score is 993, which is around the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Adelaide Hills LGA is low at 809 incidents per 100,000 population.
From an investment perspective, Oakbank offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 10.6x is considered stretched. House prices have moved +20.7% year-on-year.
Oakbank is a small community in South Australia within the Adelaide Hills local government area (postcode 5243). With a population of 865, the suburb has a mature demographic with a median age of 48. Households earn a median income of $105K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Oakbank is $1.1 million, having surged 20.7% over the past year. The current median weekly rent is $700. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,824.
Oakbank is served by 1 school, including 1 combined. The average ICSEA score is 993, which is around the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Adelaide Hills LGA is low at 809 incidents per 100,000 population.
From an investment perspective, Oakbank offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 10.6x is considered stretched. House prices have moved +20.7% year-on-year.