What do members think about Oakleigh for a 4-bedroom renovated family home IP? My gut feel is it's a suburb with good infrastructure, is near Chadstone Shopping Centre, Monash University is close by, and the local shopping centre is showing strong signs of revival, ie new cafes, etc. All responses most appreciated!
IP in Oakleigh
- Thread starter smartbuy
- Start date
Historical Growth for Oakleigh..
This may be of some interest, Smartbuy.
Historical Growth Pattern for Oakleigh 1994-2005:
Oakleigh: 1994: Median House Price $131,000......2004 MHP: $385,000........Change of: 194%
The Top Performing Suburbs for the East of Melbourne 1994-2004:
East Melbourne: Change b/w 94-04: 269% ....Growth PA: 14%......Change b/w 03-04: 37%.....2004 Median: $987,500
Ashwood: Change 94-04: 231%........Growth: 12.7%......03-04: 7%......Median 2004: $400,000
Kilsyth South: 203%.........11.7%............6%...........$330,000
Ashburton: 198%.............11.5%...........minus 1%.....$527,500
Abbotsford: 193%.............11.4%...........2%............$418,000
Top Southeast Suburbs 1994-2004:
Narre Warren North: 235%...12.9%...........minus 1%.......$436,000
Heatherton:..231%............12.7%............1%................$450,000
McKinnon:...208%..............11.9%............10%.............$536,900
Glen Huntly:..197%.............11.5%............5%..............$507,500
Carnegie:..195%.................11.4%............5%.............$487,500
(These statistics courtesy of Victorian Valuer-General 1994-2005)
Note: We don't have any IP's in Melbourne or suburbs; (investing in regional cities).
This may be of some interest, Smartbuy.
Historical Growth Pattern for Oakleigh 1994-2005:
Oakleigh: 1994: Median House Price $131,000......2004 MHP: $385,000........Change of: 194%
The Top Performing Suburbs for the East of Melbourne 1994-2004:
East Melbourne: Change b/w 94-04: 269% ....Growth PA: 14%......Change b/w 03-04: 37%.....2004 Median: $987,500
Ashwood: Change 94-04: 231%........Growth: 12.7%......03-04: 7%......Median 2004: $400,000
Kilsyth South: 203%.........11.7%............6%...........$330,000
Ashburton: 198%.............11.5%...........minus 1%.....$527,500
Abbotsford: 193%.............11.4%...........2%............$418,000
Top Southeast Suburbs 1994-2004:
Narre Warren North: 235%...12.9%...........minus 1%.......$436,000
Heatherton:..231%............12.7%............1%................$450,000
McKinnon:...208%..............11.9%............10%.............$536,900
Glen Huntly:..197%.............11.5%............5%..............$507,500
Carnegie:..195%.................11.4%............5%.............$487,500
(These statistics courtesy of Victorian Valuer-General 1994-2005)
Note: We don't have any IP's in Melbourne or suburbs; (investing in regional cities).
I like Oakleigh central and parts of Oakleigh south
(have ip in Oakleigh south have had no issues with tenants yet)
I think even though prices have risen lately still have room
for improvement.
I like the area between
the Railway station,Warigal rd,North rd and golf links rd.
Also next suburb Hughesdale especially
from pocket from Hughesdale railway station toward Dandenong Rd
Also with Oakleigh not only has the rail line BUT the Bus service is
also very good to Chadstone shoping centre and most other suburbs.
(have ip in Oakleigh south have had no issues with tenants yet)
I think even though prices have risen lately still have room
for improvement.
I like the area between
the Railway station,Warigal rd,North rd and golf links rd.
Also next suburb Hughesdale especially
from pocket from Hughesdale railway station toward Dandenong Rd
Also with Oakleigh not only has the rail line BUT the Bus service is
also very good to Chadstone shoping centre and most other suburbs.
