Oakleigh South

Oakleigh South, VIC 3167, has a diverse population with a good mix of age groups, from young children to seniors. The suburb offers various commuting options including train, bus, and car. It has a high percentage of residents working from home, indicating a flexible work environment. The area is well-equipped with amenities and has a high educational advantage for students attending government schools. For houses, Oakleigh South shows signs of steady growth with a moderate market absorption rate. The suburb has a low vacancy rate and a healthy room demand-supply ratio, suggesting good potential for renting out rooms. The sale price IQR ratio for houses indicates it could be favourable for renovators. For units, the market absorption rate is high, indicating strong demand. Units have a high median growth rate and a significant discount median, offering potential for good returns on investment. Oakleigh South presents a promising prospect for both homeowners and investors. The suburb's strong educational advantage, diverse demographics, and convenient commuting options make it an attractive place to live. For investors, both houses and units offer opportunities for growth and returns, with each property type having its own set of advantages including renovating potential for houses and strong demand for units. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022