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City of Monash
Oakleigh

Oakleigh Property Market
& Suburb Profile

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MEDIAN PRICES IN OAKLEIGH

Median house price

(all agencies, last 12 months)$1.4m*

House price change

(all agencies, last 12 months)+1.66%

Median unit price

(all agencies, last 12 months)$583k*

Unit price change

(all agencies, last 12 months)+4.02%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

OAKLEIGH PRICE TRACKER

HousesUnits

OAKLEIGH SALES OVERVIEW

  • Sold by Auction 54%
  • Sold by Private Sale or Other Method 46%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)30

Average days on market (units)

(all agencies, 12 months)39

Auction clearance rate in Oakleigh

(all agencies, last 12 months)60%

Average held period in Oakleigh

(proptrack)12 years

OAKLEIGH INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$695pw

House rental price change

(all agencies, last 12 months)0.03%

Median rental price for Units

(all agencies, last 12 months)$645pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)2.73%

Average rental yield for Units

(all agencies, last 12 months)5.07%

Oakleigh total population size

(as at the last census)8,442

Median household size in Oakleigh

(as at the last census)2.5

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

OAKLEIGH PROPERTY TYPES

  • Houses 26%
  • Units 41%
  • Other 33%

OCCUPANCY IN OAKLEIGH

  • Owned 63%
  • Rented 35%
  • Other/Not Stated 2%
  • Singles 27%
  • Families 68%
  • Other 5%

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ABOUT OAKLEIGH

A Vibrant, Family-Friendly Suburb with Unbeatable Convenience

Located 15 km southeast of Melbourne’s CBD, Oakleigh is a thriving suburb in the City of Monash, combining a dynamic multicultural vibe, excellent amenities, and strong transport connections. Known for its family-friendly environment, cultural diversity, and proximity to major shopping and entertainment hubs, Oakleigh is a popular choice for homebuyers, renters, and investors looking for a well-connected, vibrant place to live.

Lifestyle & Recreation

Oakleigh offers a mix of urban conveniences and relaxed suburban charm:

  • Eaton Mall: The heart of Oakleigh’s vibrant Greek precinct, this bustling shopping and dining area offers cafés, restaurants, and bakeries with a strong Mediterranean influence.
  • Oakleigh Recreation Centre: A modern facility offering sports courts, a gym, and an indoor pool.
  • Warrawee Park: A beautiful park with picnic spots, playgrounds, and open spaces, perfect for family outings.
  • Chadstone Shopping Centre: The largest shopping centre in the Southern Hemisphere, just a short drive away, with luxury brands, department stores, and entertainment.
  • The Hermès Estate: A beautiful garden space perfect for walking and relaxation.

Education & Employment

Oakleigh offers strong education options and is well-positioned for employment opportunities:

  • Primary & Secondary Schools:
    • Oakleigh Primary School – A well-regarded government primary school.
    • Sacred Heart Girls' College – A prestigious Catholic girls' school in the area.
    • South Oakleigh Secondary College – A respected public secondary school with a strong academic reputation.
  • Higher Education & Research:
    • Monash University (Clayton Campus) – One of Australia’s top universities, just a short distance away.
    • Holmesglen TAFE (Chadstone Campus) – Offering vocational training and educational opportunities.
  • Employment Hub:
    • Oakleigh is located near several employment precincts, including Monash University, Monash Medical Centre, and Chadstone Shopping Centre, ensuring ample job opportunities for locals.

Transport & Accessibility

Oakleigh is known for its excellent transport connectivity, making it easy to get around:

  • Train Station:
    • Oakleigh Station, located on the Pakenham and Cranbourne lines, offers direct access to Melbourne’s CBD in under 30 minutes.
  • Buses: Regular bus routes connect Oakleigh to Monash University, Chadstone, Clayton, and nearby suburbs.
  • Major Roads & Freeways:
    • Monash Freeway (M1) – Quick access to Melbourne’s city centre, as well as the south-eastern suburbs and Mornington Peninsula.
    • Princes Highway – Provides access to Box Hill, Dandenong, and the east.

Real Estate & Investment Potential

Oakleigh’s combination of excellent transport links, education facilities, and proximity to Melbourne’s commercial hubs make it a popular and desirable suburb for property buyers and investors:

  • House Prices: Oakleigh offers a mix of period homes, renovated properties, and newer developments. The growing demand for housing has seen capital growth in recent years.
  • Townhouses & Apartments: The suburb has seen an influx of new apartment complexes and townhouses, attracting investors and first-home buyers.
  • Rental Market: Oakleigh has a strong rental demand, driven by families, students, and professionals looking for a mix of convenience and suburban living.
  • Long-Term Investment: Oakleigh is expected to see continued capital growth, driven by its proximity to Monash University, the expanding business district, and excellent transport links.

Nearby Suburbs

Why Choose Oakleigh?

Oakleigh offers a diverse lifestyle, combining excellent public transport, great schools, and vibrant cultural precincts. Whether you're a young family looking for a safe environment, a student near Monash University, or an investor seeking strong capital growth, Oakleigh offers something for everyone. Its easy access to Melbourne’s CBD and proximity to world-class amenities make it an appealing choice for those seeking both convenience and comfort.

Disclaimer: The information provided in this suburb profile is intended as a general guide only. While every effort has been made to ensure accuracy, the content may not reflect the most current data or developments. Readers should verify any information independently before making any decisions based on the details presented. The suburb profile is subject to change and should not be relied upon as a sole source of information.

Education

Oakleigh Grammar
Oakleigh Primary School
Sacred Heart Girls' College
Sacred Heart School
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SALES COMPARISON

Find out how Oakleigh median sales prices compare to neighbouring suburbs.

OAKLEIGH MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025178$972,5001.66%306$670pw3.90%
2024203$943,222-1.91%313$660pw4.00%
2023209$966,500-6.00%316$631pw3.71%
2022207$1,015,8753.78%415$536pw3.26%
2021199$997,50014.17%495$477pw2.72%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025178$972,500+1.66%
2024203$943,222-1.91%
2023209$966,500-6.00%
2022207$1,015,875+3.78%
2021199$997,500+14.17%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025306$670pw3.90%
2024313$660pw4.00%
2023316$631pw3.71%
2022415$536pw3.26%
2021495$477pw2.72%

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.