Oxley suburb profile
Oxley is a well-established suburb located approximately 11km southwest of Brisbane's CBD, known for its leafy streets and community-oriented atmosphere. The suburb offers a mix of traditional Queenslander homes and modern residences, appealing to families and professionals alike. Oxley is well-served by public transport, including a train station that provides easy access to the city. The area boasts several parks, recreational facilities, and a local shopping precinct, contributing to its family-friendly appeal. With its blend of suburban tranquility and urban convenience, Oxley remains a popular choice for those seeking a balanced lifestyle.
Oxley property market performance
Current median dwelling price$835,000Past 3 months
Property growth+12.7%Past 12 months
Oxley’s property market has shown robust growth over the past 12 months, with house values increasing by 8.9% and unit values surging by 16.5%. The median house price currently stands at $970,000, while unit sales have been limited, reflecting a niche market.
Sales activity has been moderate, with 42 houses and 7 units sold in the past 12 months. Houses are selling relatively quickly, with a median of 31 days on the market, while units take slightly longer at 35 days, indicating a balanced demand across property types.
The rental market in Oxley has remained stable, with house rents increasing by 1.5% and unit rents remaining unchanged over the last 12 months. The average rent for houses is $660, while units average $560, suggesting steady demand for rental properties.
Houses | Units | |
---|---|---|
Median price Past 3 months | $970K | N/A |
Change in value Past 12 months | 8.9% | 16.5% |
Sold Past 3 months | 42 | 7 |
Median days on market Past 12 months | 31 | 35 |
Average rent Past 12 months | $660 | $560 |
Change in rent Past 12 months | 1.5% | -1.8% |
5 year median price trend for houses and units
Oxley demographics
Oxley, a suburb located in the southwestern part of Brisbane, offers a blend of suburban tranquility and urban convenience. With a population of 9,100 and a median age of 35, Oxley is home to a diverse community that includes young families, professionals, and long-term residents. The suburb's proximity to the Brisbane CBD, combined with its leafy streets and community-oriented atmosphere, makes it an attractive place for those seeking a balanced lifestyle.
The housing landscape in Oxley is characterized by a mix of ownership and rental options. A significant portion of properties, 43.1%, are owned with a mortgage, while 25.6% are owned outright, indicating a stable community with a strong sense of homeownership. Additionally, 31.3% of properties are rented, providing flexibility for those not ready to commit to buying. This mix of housing options caters to a wide range of residents, from young families to professionals and retirees.
Family life is a prominent feature of Oxley, with 48.6% of households being couple families with children, and 34.4% being couple families without children. The presence of one-parent families, making up 15.2% of households, adds to the suburb's diverse family dynamics. The median total household income of $2,168 per week reflects the suburb's middle-class demographic, offering a comfortable standard of living. With its community spirit, convenient location, and variety of housing options, Oxley continues to be a desirable suburb for many Brisbane residents.
Oxley infrastructure, key developments and investment opportunities
Oxley is undergoing several developments that may impact its property market. The $1 billion redevelopment of Oxley Central, including a new Woolworths and 15 specialty shops, is set to revitalize the local shopping precinct. Additionally, a $2.6 million upgrade to Oxley Railway Station and bus interchange is improving public transport accessibility. The Department of Transport and Main Roads is also progressing plans for the Ipswich Motorway upgrade between Rocklea and Darra, which will enhance connectivity for Oxley residents.
Recent park upgrades in Nixon Park and other green spaces are enhancing local amenities. The Brisbane City Council is developing a new neighborhood plan for Oxley to guide future growth. These initiatives, combined with Oxley's proximity to the Brisbane CBD and access to quality schools, are likely to sustain strong demand for properties in the area. However, potential buyers should be aware of flood risks in some parts of the suburb near Oxley Creek and the Brisbane River.
Oxley rental market trends
The rental market in Oxley has experienced modest growth, with house rents increasing by 1.5% over the past year to $660 per week, while unit rents have remained stable at $560 per week. This steady market reflects a balanced demand, making Oxley an attractive option for renters seeking affordability and convenience in a suburban setting.
Suburbs near Oxley
Some popular suburbs near Oxley include:
How does Oxley compare to nearby suburbs?
- Median house prices: Oxley’s median house price is 9.0% higher than Durack’s.
- Median unit prices: Oxley’s median unit price is 14.6% higher than Durack’s.
- House price growth: Over the past 12 months, house prices in Oxley have grown 4.0% higher than in Westlake.
- Unit price growth: Over the past 12 months, unit prices in Oxley have grown 1.7% higher than in Durack.
- Selling speed for houses: Properties in Oxley are selling 8.8% faster than in Durack.
- Selling speed for units: Properties in nearby Durack are selling 57.1% faster than in Oxley.
- Investment considerations: In Oxley, the rental yield for house is 2.2% lower than the Brisbane average, while the rental yield for units is 8.8% lower.
- House price growth: Over the past 12 months, house prices in Oxley have grown 14.2% lower than the average rate of growth across Brisbane.
- Unit price growth:Over the past 12 months, unit prices in Oxley have grown 1.0% lower than the average rate of growth for units across Brisbane.