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Oakey suburb profile

Oakey is a working country town on the Darling Downs that serves the surrounding cropping and grazing country, with storage silos and wide agricultural landscapes forming its backdrop. The town has a compact main street of low-rise shops, cafes and pubs and a strong community life built around sporting clubs, local services and schools. Oakey is also known for its regional aerodrome and an Army aviation presence, which gives the place a distinctive connection to defence and aviation. Housing ranges from timber Queenslanders and brick homes to rural residential blocks, making it popular with families, farmers and commuters to nearby regional centres.

Oakey property market performance

Current median dwelling price$484,750Past 3 months

Property growth+36.5%Past 12 months

Oakey has relatively few unit sales, so there isn't enough recent data to publish a reliable median unit price. On the house side, the median house price is $691,000, up sharply 34.3% over the last 12 months.

Over the last 3 months, 19 houses sold. Houses sold in a median of 21 days over the last 12 months. Unit sales and their days on market are limited and not published.

The rental market in Oakey shows average house rents of $480 a week and average unit rents of $360 a week. Unit rents rose sharply, up 16.1% over the last 12 months.

HousesUnits
Median price
Past 3 months
$691KN/A
Change in value
Past 12 months
34.3%N/A
Sold
Past 3 months
19N/A
Median days on market
Past 12 months
21N/A
Average rent
Past 12 months
$480$360
Change in rent
Past 12 months
N/A16.1%

5 year median price trend for houses and units

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Oakey demographics

Oakey is a community of 4,756 people with a median age of 40. The median total household income is $1,213 a week, roughly $63,076 a year.

Families make up a large share of the mix: couple families without children are the largest single group at 38.6%, while couple families with children account for 35.9%. Together those couple family types represent 74.5% of families. One-parent families make up 24.4% and other families 1.1%.

Homes in Oakey are mostly owner-occupied: 63.6% are owned either outright (34.4%) or with a mortgage (29.2%), while 36.4% of dwellings are rented.

Suburbs near Oakey

Some popular suburbs near Oakey include:

  • Kingsthorpe: Semi-rural town in the Darling Downs with rolling farmland and local services.
  • Aubigny: Rural locality in the Darling Downs, dominated by agriculture and open paddocks.
  • Gowrie Mountain: Hilly, bushland locality with elevated views and rural residential properties.
  • Meringandan West: Rural residential area with farms and lifestyle properties in the region.
  • Gowrie Junction: Small rural community on the Darling Downs with mixed farmland and a village feel.

How does Oakey compare to nearby suburbs?

  • Median house prices: Oakey’s median house price is 27.3% lower than Meringandan West’s.
  • House price growth: Over the past 12 months, house prices in Oakey have grown 16.2% higher than in Kingsthorpe.
  • Selling speed for houses: Properties in nearby Kingsthorpe are selling 47.6% faster than in Oakey.

Choose the right real estate agents in Oakey

There are 25 real estate agents in Oakey, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 72.6% of all sales in the past year.

Commission rates in Oakey typically range from 2% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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