Gannawarra Shire Council
Oakvale
Oakvale at a glance
Median house
$160,000
Median unit
$115,200
Walk score
0
Very car dependent
Population
19
Median age 44
About
Welcome to Oakvale.
Oakvale (3540) sits in the Gannawarra region of Victoria. The median house here is $160,000, well below the Victoria median of around $850K.
Oakvale has roughly 19 residents, with an established, older skew. Households are dominated by renters. Daily life is car-dependent: most residents drive to work, school and the shops.
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Houses change hands at $160,000 on a typical sale, well below the Victoria median. Units come in around $115,200, roughly 28% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $32,000. Prices are well below the Victoria median, which keeps Oakvale on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$160,000
+0.0% over the past year. Median unit price $115,200.
Rental and ownership
Weekly rent (house)
$80/wk
Weekly rent (unit)
$68/wk
Owner occupied
–
Renter occupied
–
At a deeper level
$160,000
$115,200
19
Median age: 44
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For investors
Investment overview.
Gross rental yield on houses sits at 2.60% (median rent $80/wk against a $160,000 price tag). Units yield 3.07% gross, often the better cash-flow play for first-time investors.
Gross Yield (House)
Source: RTBA, Residential Tenancies Bond Authority (VIC)2.60%
Based on $160,000 median
Gross Yield (Unit)
Source: RTBA, Residential Tenancies Bond Authority (VIC)3.07%
Based on $115,200 median
Annual Growth (House)
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Year-on-year capital growth
Annual Growth (Unit)
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 2026–
Higher = more owner-occupier demand
Days on Market
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Who lives here
Demographics.
The 2021 Census put Oakvale's population at 19, with a median age of 44. That sits as an established, older skew. The household mix skews family-dominated (100% family households, 0% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
19
Median age
44
Family households
100%
Lone person
–
Demographics data as of May 2026· ABS 2021 Census
Day to day
What it’s like to live here.
Oakvale scores 0/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Safety
Crime and safety.
0
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
0
0
0
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Oakvale.
Local schools for Oakvale
View the catchment for each school to find out more.
Government School Catchment
Boort District P-12 School
Wycheproof P-12 College
© ACARA, licensed under CC BY 4.0.
Frequently asked
About Oakvale.
- What is the median house price in Oakvale?
- The median house price in Oakvale, VIC 3540 is $160,000. The median unit price is $115,200. Annual growth is +0.0%.
- What is the Oakvale postcode?
- Oakvale is in the 3540 postcode, in VIC, in the Gannawarra Shire Council region.
- What is the average rent in Oakvale?
- The median weekly rent for houses is $80, for units it's $68.
- What schools are in Oakvale?
- There are 2 schools serving Oakvale on this page, including Boort District P-12 School, Wycheproof P-12 College.
- How walkable is Oakvale?
- Oakvale has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 0.
- What suburbs are near Oakvale?
- Oakvale is close to Gredgwin, Quambatook, Barraport West, Ninyeunook, Ninyeunook.
- What is the population of Oakvale?
- Oakvale has approximately 19 residents. The median age is 44.
Oakvale
Guides
Surrounding Suburbs
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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