Oakleigh South is a mid-sized suburb in Victoria within the Monash local government area (postcode 3167). With a population of 9,851, the suburb has an established demographic with a median age of 40. Households earn a median income of $100K per year, with an average household size of 2.7 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Greek.
The median house price in Oakleigh South is $1.2 million, having grown strongly 5.8% over the past year. Units have a median price of $790,000 (-8.1% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,200.
Oakleigh South is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1112, which is well above the national average of 1,000. Public transport access includes 73 bus stops. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Oakleigh South offers a gross rental yield of 2.5%, 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 12.0x is considered stretched. House prices have moved +5.8% year-on-year.
Oakleigh South is a mid-sized suburb in Victoria within the Monash local government area (postcode 3167). With a population of 9,851, the suburb has an established demographic with a median age of 40. Households earn a median income of $100K per year, with an average household size of 2.7 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Greek.
The median house price in Oakleigh South is $1.2 million, having grown strongly 5.8% over the past year. Units have a median price of $790,000 (-8.1% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,200.
Oakleigh South is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1112, which is well above the national average of 1,000. Public transport access includes 73 bus stops. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Oakleigh South offers a gross rental yield of 2.5%, 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 12.0x is considered stretched. House prices have moved +5.8% year-on-year.