Oakleigh East

POSTAL CODE: VIC, 3166
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,216,000.

The upward trend in home prices in OAKLEIGH EAST, 3166 averaged 1.4% per annum over a 3-year period.

Average weekly rents on listings have reached the $650 mark, reflecting a 2.78% increase in returns based on the current median price in OAKLEIGH EAST.

An average of 5.33 real estate transactions take place per month in OAKLEIGH EAST which translates to 64 per annum.

64 properties were sold in OAKLEIGH EAST in 2016, making it the 124th most active market in VIC based on total real estate transactions.

OAKLEIGH EAST, 3166 places 275th in Australia based on median property value growth during the quarter.

Surburb overview

Oakleigh East is an inner-south-eastern suburb of Melbourne located within the City of Monash. The suburb is situated approximately 14 kilometres south-east of the Melbourne central business district and is bordered by Oakleigh, Clayton, Mount Waverley and Bentleigh East.

Oakleigh East recorded a population of around 6,000 residents at the 2021 census, reflecting its relatively small size and established residential character. The demographic profile includes families, professionals and older residents, with a median age slightly above the metropolitan average.

Household composition is mixed, with a combination of long-term owner-occupiers and renters, particularly near transport corridors. Housing in Oakleigh East is predominantly detached dwellings on traditional suburban blocks, alongside townhouses and a growing number of low-rise apartment developments. Residential density is higher near main roads and bus routes, while interior streets retain a quieter suburban form.

Public transport access is primarily bus-based, with no railway station located within Oakleigh East itself. Residents typically access train services at nearby stations, including Oakleigh, Huntingdale and Clayton, which provide connections to the metropolitan rail network.

Bus routes operate along Centre Road, Warrigal Road and North Road, linking the suburb to surrounding activity centres and tertiary institutions. Road connectivity is provided by North Road, Warrigal Road, and the Princes Highway, facilitating east–west and north–south travel but contributing to peak-hour congestion.

Local shopping and service amenities are limited and generally accessed via small neighbourhood strips and nearby centres such as Oakleigh and Clayton. Larger retail and employment hubs, including Chadstone Shopping Centre and Monash University’s Clayton campus, are located within a short driving distance.

Educational facilities in and around Oakleigh East include primary and secondary schools, as well as proximity to Monash University and Holmesglen Institute.

Recreational amenities include local parks, neighbourhood reserves and access to the Scotchmans Creek Trail, which supports walking and cycling through the suburb. Tree-lined streets and small open spaces contribute to informal recreation and everyday amenity.

Employment among residents spans education, health care, professional services, retail and trades, with many commuting to employment centres across Melbourne’s inner and middle-ring suburbs. Oakleigh East’s character is shaped by its residential focus, proximity to major education institutions and reliance on neighbouring suburbs for retail and rail transport within Melbourne’s south-east.

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