Oak Drive

Oakbank SA 5243

The size of Oakbank is approximately 27.4 square kilometres. It has 4 parks covering nearly 1.2% of total area. The population of Oakbank in 2011 was 922 people. By 2016 the population was 852 showing a population decline of 7.6% in the area during that time. The predominant age group in Oakbank is 50-59 years. Households in Oakbank are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oakbank work in a professional occupation. In 2011, 80.5% of the homes in Oakbank were owner-occupied compared with 82.4% in 2016.

Oakbank has 471 properties. Over the last 5 years, Houses in Oakbank have seen a 70.08% increase in median value, while Units have seen a 62.90% increase. As at 31 October 2024:

• The median value for Houses in Oakbank is $1,046,695 while the median value for Units is $523,548.
• Houses have a median rent of $395.