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City of Monash

Oakleigh South

Oakleigh South Property Market
& Suburb Profile

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MEDIAN PRICES IN OAKLEIGH SOUTH

Median house price

(all agencies, last 12 months)$1.2m*

House price change

(all agencies, last 12 months)-1.11%

Median unit price

(all agencies, last 12 months)$810k*

Unit price change

(all agencies, last 12 months)-1.22%

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

OAKLEIGH SOUTH price TRACKER

HousesUnits

Oakleigh South sales overview

  • Sold by Auction 83%
  • Sold by Private Sale or Other Method 17%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)26

Average days on market (units)

(all agencies, 12 months)27

Auction clearance rate in Oakleigh South

(all agencies, last 12 months)83%

Average held period in Oakleigh South

(proptrack)14 years

Oakleigh South Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$709pw

House rental price change

(all agencies, last 12 months)0.04%

Median rental price for Units

(all agencies, last 12 months)$631pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)3.17%

Average rental yield for Units

(all agencies, last 12 months)4.33%

Oakleigh South total population size

(as at the last census)9,851

Median household size in Oakleigh South

(as at the last census)2.7

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

Oakleigh South property types

  • Houses 38%
  • Units 29%
  • Other 33%

OCCUPANCY in Oakleigh South

  • Owned 74%
  • Rented 23%
  • Other/Not Stated 3%
  • Singles 21%
  • Families 76%
  • Other 4%

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About Oakleigh South

A Suburb of Family Charm and Convenient Living

Located just 16 km southeast of Melbourne’s CBD, Oakleigh South is a peaceful and family-friendly suburb in the City of Monash. Known for its wide open spaces, strong local amenities, and proximity to major employment hubs, Oakleigh South offers a suburban retreat with excellent transport connections, making it a highly desirable area for homebuyers, renters, and investors.

Lifestyle & Recreation

Oakleigh South provides a great balance of urban convenience and family-friendly amenities:

  • Batesford Reserve: A spacious park with walking trails, playgrounds, and picnic areas, perfect for outdoor family activities.
  • The Grange Golf Club: A prestigious golf course offering a great setting for both relaxation and recreation.
  • Hunt Club: A lovely community space with sports fields and a playground, ideal for family gatherings.
  • Chadstone Shopping Centre: Just a short drive away, this massive retail hub offers luxury brands, dining, and entertainment options.
  • Oakleigh South Community Centre: Hosts a variety of community events, activities, and programs for local residents.

Education & Employment

Oakleigh South is a well-connected suburb for families, with good schooling options and proximity to major employment districts:

  • Primary & Secondary Schools:
    • Oakleigh South Primary School – A well-regarded government school.
    • Huntingdale Primary School – A close-by school offering a high standard of education.
    • South Oakleigh Secondary College – A respected public secondary school.
  • Monash University: The Clayton campus of Monash University is nearby, providing higher education opportunities and employment prospects.
  • Employment Hub: Oakleigh South is well-located near major business precincts, including Monash University, Monash Medical Centre, and the Clayton Technology Park, offering ample job opportunities for locals.

Transport & Accessibility

Oakleigh South boasts excellent transport links, making it easy to get around:

  • Train Stations:
    • Huntingdale Station (on the Pakenham and Cranbourne lines) offers direct access to Melbourne’s CBD in under 30 minutes.
    • Oakleigh Station is just a short distance away, providing quick and easy access to both the city and surrounding areas.
  • Buses: Regular bus routes connect Oakleigh South to Monash University, Chadstone Shopping Centre, and other nearby suburbs.
  • Major Roads & Freeways:
    • Monash Freeway (M1) – Provides easy access to the city, as well as the south-eastern suburbs and Mornington Peninsula.
    • Princes Highway – Convenient for travel to Dandenong, Box Hill, and beyond.

Real Estate & Investment Potential

Oakleigh South offers a range of real estate options for families, first-time homebuyers, and investors:

  • House Prices: The suburb features a mix of family homes, post-war dwellings, and newer developments, providing something for everyone.
  • Townhouses & Apartments: Oakleigh South is seeing an increase in modern townhouses and apartment developments, making it appealing to downsizers and investors.
  • Rental Market: The suburb has a strong rental demand, with a good mix of families, students, and professionals looking for convenient, family-friendly living options.
  • Investment Growth: The suburb offers strong long-term capital growth potential, bolstered by its proximity to Monash University, Chadstone, and key transport hubs.

Nearby Suburbs

Why Choose Oakleigh South?

Oakleigh South is the perfect choice for those seeking a quiet suburban lifestyle with easy access to urban amenities. With great schools, recreational facilities, and excellent transport links, it offers families, young professionals, and investors a wonderful mix of convenience and tranquillity. Its proximity to Monash University, major shopping centres, and employment hubs further enhances its appeal.

Pictured Above: Batesford Reserve, Source: Playground Finder

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

Huntingdale Primary School
Oakleigh South Primary School
South Oakleigh College
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Sales Comparison

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

Oakleigh South MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025171$1,005,000-1.11%205$670pw3.75%
2024154$992,5005.80%208$655pw3.89%
2023171$988,12512.00%218$623pw3.64%
2022189$852,500-9.09%251$537pw3.24%
2021202$951,75012.38%279$478pw2.79%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025171$1,005,000-1.11%
2024154$992,500+5.80%
2023171$988,125+12.00%
2022189$852,500-9.09%
2021202$951,750+12.38%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025205$670pw3.75%
2024208$655pw3.89%
2023218$623pw3.64%
2022251$537pw3.24%
2021279$478pw2.79%

Browse more suburbs

Huntingdale

Clayton

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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.