The structural, transport, and magnetic properties of permalloy (Ni81Fe19) thin films prepared by oblique angle deposition have been investigated. With the increasing oblique angle, column-like microstructures developed on the films while their porosity augmented. Due to the unique columnar microstructures, a deposition-angle-dependent uniaxial anisotropy was induced in the films. While the normally deposited film was electrically isotropic, the films grown at non-zero angles showed enhanced anisotropic conduction. The magnetization data showed that for the films deposited at angles < 70° the easy magnetization axis was along the films in-plane direction and perpendicular to the incident flux direction. As the oblique angle exceeded 70° the magnetization easy-axis reoriented along the long-columnar axis. The systematic increase of oblique angle triggered a noticeable enhancement in the coercivity , especially for the extreme oblique angles (α > 70°). The experimental results demonstrated that oblique angle deposition, particularly at angles > 70°, can substantially transform the electro-magnetic properties of thin films.