Oakford (postcode 6121) is a compact suburb in Western Australia within the Serpentine-Jarrahdale local government area. It is home to about 2,803 residents, with a settled mid-life population and a median age of 42. Households earn a median income of $127K per year, with an average household size of 3.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +4.5% year-on-year at the LGA level. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, clerical & administrative, professionals. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Scottish.
Oakford has a median house price of $1.9 million, which has jumped by 56.4% year-on-year. The current median weekly rent is $800. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,500.
From an investment perspective, Gross rental yield sits at around 2.2% (low yield). Property prices are above the state median ($1.9M/$1.0M), placing it in the premium segment. The price-to-income ratio of 14.9x is considered stretched. House prices have moved +56.4% year-on-year. Population growth of +4.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.