Clayton

POSTAL CODE: VIC, 3168

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A steady increase in median property prices over a five-year period in the suburb translates to a 13.04% capital gain.

It 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 $1,300,000

The augmented property values in the suburb are trailing above the territorial average of 2.91% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $640.

Home owners selling their properties and realtors in CLAYTON usually have to wait an average of 56 days days before their assets are lifted off the market.

The VIC suburb ranks 497th on the list of best yielding suburbs for rental properties in VIC, posting a 2.56% return.

It also places places 544th in Australia based on median property value growth during the quarter.

A survey of average capital gains or median home price increase in suburbs across the country shows that CLAYTON, 3168 obtained a 3.4% growth over a ten-year period. It ranks 1202nd on our list of suburbs that property investors should look into.

CLAYTON, 3168 has a capital gain of -8.72% for the past year, which is lower than average compared to its 5.43% growth within a five-year period.

With the median home price in CLAYTON sitting at $680,000, and the average rent at $600, property owners could potentially earn a 4.59% increase in gross rental yield.

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

CLAYTON, 3168 in VIC belongs to the local government area of Monash.

Surburb overview

Clayton is an inner-south-eastern suburb of Melbourne located within the City of Monash. The suburb is situated approximately 19 kilometres south-east of the Melbourne central business district and functions as a significant residential, education and employment centre in the south-east.

Clayton recorded a population of around 19,000 residents at the 2021 census, reflecting sustained growth driven by education, health and research activity. The demographic profile includes a high proportion of young adults and overseas-born residents, strongly influenced by nearby tertiary institutions and employment hubs.

Rental households account for a significant share of the population, alongside established family households in surrounding residential streets. Housing in Clayton is diverse, comprising detached houses, townhouses and a substantial number of low- and mid-rise apartment developments. Residential density is highest near the railway station, Clayton Road and major employment precincts.

Public transport access is a defining feature, with Clayton railway station located on the Pakenham and Cranbourne lines. The station provides frequent train services to the Melbourne CBD and the south-eastern suburbs, supporting significant daily commuter and student travel. Bus routes operate extensively through Clayton, linking the suburb to Monash University, Chadstone Shopping Centre, Springvale and surrounding residential areas. Road connectivity is supported by Clayton Road, Princes Highway, Centre Road and the Monash Freeway, which together facilitate regional and metropolitan travel.

Clayton Road forms the suburb’s primary retail and service strip, containing supermarkets, cafés, restaurants, medical clinics and professional services. The strip also functions as a key employment and social hub for the local community.

Monash University’s Clayton campus is a significant landmark and employer, hosting education, research and innovation facilities of national significance. Monash Medical Centre and associated health and research institutes further contribute to local employment and service provision. Educational facilities in and around Clayton include primary and secondary schools that serve both local families and transient households.

Recreational amenities include local parks, sporting reserves and access to shared walking and cycling paths, including links to the Djerring Trail. Open space is distributed across neighbourhood parks rather than large central reserves.

Employment among residents spans education, health care, research, retail, hospitality and professional services, with many working locally. Clayton’s identity is shaped by its strong transport connectivity, the concentration of education and health institutions, and the evolving higher-density residential development in Melbourne’s south-east.

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