Oakleigh, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Oakleigh
VICCensus 2021 · Population 8,440
Oakleigh is a suburb with a population of 8,440, characterized by a median age of 38, aligning with the Victorian average. The gender distribution is fairly balanced with 49% male and 51% female. The suburb has a diverse age distribution with 4.9% of the population in both the 0-4 and 5-9 age groups. Oakleigh is a culturally diverse area with 54% of residents born overseas, significantly higher than the state average of 41.3%. The suburb has a strong Greek influence, with 6% of residents born in Greece and 13.3% speaking Greek at home.
Key Highlights
- Highly educated population - 38.5% hold bachelor degrees (vs VIC 29.2%)
- Above average median household income - $1,926 weekly (vs VIC $1,759)
- Diverse cultural background - 54% born overseas
- Significant Greek community - 6% born in Greece
- High work-from-home rate - 34.2% of residents
Things to Consider
- Higher percentage of rented properties at 34.5%
- Unemployment rate slightly above state average at 5.3%
- Median monthly mortgage of $2,100 may be challenging for some buyers
- Public transport usage is relatively low at 6.4%
- Presence of health conditions such as mental health issues at 8.8%
What's it like living here?
Daily life in Oakleigh is characterized by a mix of commuting methods, with 39.9% of residents driving to work and 34.2% working from home. The suburb offers a blend of residential and commercial areas, providing a community feel with access to local amenities. The employment landscape is dominated by professionals, who make up 31.6% of the workforce, followed by managers and clerical workers.