Oakleigh East is a mid-sized suburb in Victoria within the Monash local government area (postcode 3166). With a population of 6,804, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $101K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, Chinese, English.
The median house price in Oakleigh East is $1.2 million, having risen modestly 1.3% over the past year. Units have a median price of $855,000 (-8.9% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,300.
Oakleigh East is served by 2 schools, including 2 primary. The average ICSEA score is 1079, which is above the national average of 1,000. Public transport access includes 30 bus stops. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Oakleigh East offers a gross rental yield of 2.6%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 11.5x is considered stretched. House prices have moved +1.3% year-on-year.
Oakleigh East is a mid-sized suburb in Victoria within the Monash local government area (postcode 3166). With a population of 6,804, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $101K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, Chinese, English.
The median house price in Oakleigh East is $1.2 million, having risen modestly 1.3% over the past year. Units have a median price of $855,000 (-8.9% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,300.
Oakleigh East is served by 2 schools, including 2 primary. The average ICSEA score is 1079, which is above the national average of 1,000. Public transport access includes 30 bus stops. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Oakleigh East offers a gross rental yield of 2.6%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 11.5x is considered stretched. House prices have moved +1.3% year-on-year.