Question 1

Is Oakhurst a nice place to live?

Accepted Answer

Oakhurst is a modest, largely modern residential suburb with a family-oriented feel. Parks, playgrounds and local sporting fields form the backbone of everyday life, while small neighbourhood shopping makes day-to-day errands straightforward. Commuters use arterial roads and neighbouring train stations to reach larger employment and retail centres, and surrounding green reserves and open spaces give parts of Oakhurst a calmer, suburban-fringe character compared with inner-city neighbourhoods.

Home to 6,947 people with a median age of 34 and a median household income of $2,097 a week, the suburb is weighted towards families, with couple families with children the largest group, and most homes are owner-occupied (about 72.9% combined). The Oakhurst Neighbourhood Centre is the main council-run community venue and has planned upgrades, and the playspace at Reserve 665 in Lawton Place has recently been upgraded. Whether that mix suits you depends on what you are looking for in a suburb.

Question 2

Is it expensive to live in Oakhurst?

Accepted Answer

At the current median house price of $1,159,500, buying in Oakhurst works out to about 10.6 times a typical local household's annual income as recorded at the most recent Census, which puts buying well above local incomes. Renting a house at about $650 a week would take roughly 31% of that typical local household's weekly income at the last Census, a sizeable share. On these figures, buying looks more stretched against local incomes than renting does, and whether that feels expensive will depend on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Oakhurst a good place to invest?

Accepted Answer

House values in Oakhurst climbed 13.8% over the past year, a strong rise in what a house is worth. Over the same period house rents rose 4.8%, a modest increase in the income a house would earn. For someone weighing Oakhurst up as an investment, these figures show capital growth on the house side outpaced rental growth this year; if rental income is your priority the rent change is the figure to consider, and if capital growth matters more the value change is what counts. Whether that makes Oakhurst the right investment depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.16M	N/A
Change in value Past 12 months	13.8%	N/A
Sold Past 3 months	12	N/A
Median days on market Past 12 months	31	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	4.8%	N/A

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