Oakleigh South, Vic is located approximately 14 km south-east of Melbourne’s central business district and is a government area in the City of Monash. This peaceful suburb provides real estate investors plenty of high-end, modernised homes, making it among the more expensive suburbs to live in Melbourne.
This Oakleigh South suburb profile will explore the area in more detail, including its demographics, real estate market, and local amenities.
Who Lives in Oakleigh South, Vic?
According to a census conducted in 2016, most of Oakleigh South’s residents were born in Australia, with the next most common birthplaces being in India (5.6%) and Greece (5.5%). The median age of residents was 40, with most residents being couples without children (33%), closely followed by couples with children (30%). As of 2020, Oakleigh South’s population was estimated at 5,895.
Is Oakleigh South a Good Suburb to Live in?
Oakleigh South isn’t bustling with activity, but its tranquil atmosphere and modern residential homes make it an attractive place to live. While primarily z residential area, Oakleigh’s CBD offers plenty of restaurants, cafes, bars, and many retail stores and hotels, attracting visitors from neighbouring suburbs. There are also parks and sporting grounds in the suburb, making it a place that appeals to both young and old.
The educational facilities in Oakleigh South are particularly noteworthy, with a number of primary and secondary schools being rated highly. Institutions such as Clarinda Primary School and Huntingdale Primary School are especially sought-after, providing high-quality education for children in the area.
Oakleigh South’s Transportation
While Oakleigh South’s residential homes may be its main drawcard, easy access to Melbourne’s CBD is also a big plus. The suburb has one rail station on the Zone 1 line, making it easy to commute into the city for work or study. It roughly takes 24 minutes to get to the CBD by train, with standard public transport costs applying.
Oakleigh South Median House Price & Median Unit Price
Oakleigh South is relatively close to Melbourne’s CBD and is near Oakleigh’s sizeable CBD. This, combined with the fact that it’s home to many highly-rated schools, and new real estate developments has resulted in the suburb being in high demand.
The median house price in Oakleigh South is currently $1,200,000, while the median unit price is $825,900. Property demand is also high, with each property receiving 1123 visits on average.
Oakleigh South, Vic Median House and Unit Prices
Listed below are property sales data on Oakleigh South, Victoria’s median property prices:
|3 Bedroom||$1,105,000||2 Bedroom||$695,250|
|4 Bedroom||$1,267,500||3 Bedroom||$903,500|
Oakleigh South, Vic Property Rental Price List
Listed below are property sales data on Oakleigh South, Victoria’s property rental prices:
|Houses||Rent Per Week||Units||Rent Per Week|
|2 Bedroom||$375||2 Bedroom||$370|
|3 Bedroom||$460||3 Bedroom||$495|
Should You Invest in Oakleigh South Property?
Oakleigh South homeowners in the last year have seen a drop of 16.75% in property value. Despite this recent decrease, Oakleigh South’s annual growth over the previous five years has been average. When compared to the rest of Australia, Oakleigh South is still doing relatively well.
Things to do in Oakleigh South, Victoria
Oakleigh South is a residential area with a few parks and sporting grounds. However, for those looking for something a bit more exciting, residents are encouraged to travel to Oakleigh’s central business district. The CBD is full of restaurants, shops, cafes, and bars to explore and enjoy.
With that being said, let’s go over some of the places that Oakleigh South has to offer:
Mavis Hutter Reserve
For a peaceful retreat away from work and everyday life, head to Mavis Hutter Reserve. This park is home to a number of walking tracks, exercise stations, BBQ facilities and a playground, making it perfect for a family day out. There are also new plans to refurbish the park, including improvements to its play area that will feature musical play instruments, a basketball swing and activity panels.
Oakleigh’s Rotary Sunday Market
This trash and treasure market attracts residents from all over Oakleigh and neighbouring suburbs and is a great place to find a bargain. Held every Sunday morning, the market has been around for over 25 years and offers a wide range of products, from clothes and toys to books and appliances.
Metropolitan Golf Club
If you’re a golf fan, the Metropolitan Golf Club is well worth a visit. The club is known for being one of the best-conditioned golf courses in Australia and attracts top-ranked players worldwide. Their last hosted competition was the World Cup in 2018.
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