Oakford (postcode 6121) is a compact suburb in Western Australia within the Serpentine-Jarrahdale local government area. It is home to about 2,803 residents, with a settled mid-life population and a median age of 42. Households earn a median income of $127K per year, with an average household size of 3.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +4.5% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, clerical & administrative, professionals. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Scottish.
The current median weekly rent is $800. The median monthly mortgage repayment is $2,500.
From an investment perspective, Population growth of +4.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.