Oakleigh South

POSTAL CODE: VIC, 3167
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Property investments in OAKLEIGH SOUTH did not fare well against the rest of the country last year, registering a median home price decrease of 3.5%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains OAKLEIGH SOUTH, 3167 saw average growth in the long term.

Real estate investors could earn a rental income of $680 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 32.4 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,242,000.

OAKLEIGH SOUTH ranks 447th on the list of best yielding suburbs for rental properties in VIC, posting a 2.85% return.

Surburb overview

Oakleigh South is a middle-ring suburb in Melbourne’s south-east, located within the City of Monash. The suburb is situated approximately 15 kilometres south-east of the Melbourne central business district and is bordered by Oakleigh East, Moorabbin, Clarinda and Clayton.

Oakleigh South recorded a population of around 7,300 residents at the 2021 census, reflecting its predominantly residential character and moderate density. The demographic profile includes families, professionals and older residents, with a median age slightly above the metropolitan average.

Household composition is largely family-based, with relatively high home ownership rates compared with inner-city suburbs. Housing in Oakleigh South is dominated by detached dwellings on traditional suburban blocks, alongside townhouses and a limited number of low-rise apartment developments. Residential density is generally low to moderate, with incremental infill development occurring near main roads.

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

Bus routes operate along Clayton Road, Warrigal Road and Centre Road, providing links to surrounding suburbs, shopping centres and tertiary institutions. Road connectivity is supported by Warrigal Road, Clayton Road, North Road and the Princes Highway, facilitating east–west and north–south travel but experiencing congestion during peak periods.

Local shopping and service amenities are limited and are generally provided through small neighbourhood strips and nearby centres such as Oakleigh, Moorabbin and Clayton. Larger retail and employment hubs, including Chadstone Shopping Centre and Moorabbin industrial precincts, are accessible within a short driving distance.

Educational facilities in and around Oakleigh South include several primary schools, as well as access to secondary schools and tertiary institutions in neighbouring suburbs. Monash University’s Clayton campus and Holmesglen Institute are located nearby and influence local travel and employment patterns.

Recreational amenities include local parks, sporting reserves and access to the Scotchmans Creek Trail, which supports walking and cycling through the suburb. Open spaces are distributed across neighbourhood reserves rather than extensive central parklands.

Employment among residents spans professional services, education, health care, retail and trades, with many commuting to employment centres across Melbourne’s south-east. Oakleigh South’s character is shaped by its family-oriented housing, road-based connectivity and proximity to primary education and employment precincts within Melbourne’s middle south-east.

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