Real Estate Oakleigh Vic 3166

Real Estate Market: Is Oakleigh VIC 3166 a Good Suburb to Buy Into?

Housing Market in Oakleigh

Key Oakleigh Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$725	Top 27%	192% to Apr 2026
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Oakleigh

Oakleigh Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Field	Value	VS Melbourne	Trend
Development applications	125	Top 17%	90% to Jun 2025
Developments	0.2	Bottom 24%	Data for Jul 2023
Housing Stock Quality Indicator	87.8	Top 3%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	2 lots	Bottom 13%	33% to May 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	25	Top 4%	212% to Apr 2026

Housing Stock Quality in Oakleigh

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	62.0%	Bottom 6%	14% to Jan 2021
Average bedrooms - all homes	2.5	Top 48%	7% to Jan 2021
NBN connection: fibreoptic cable to node	13.1%	Top 14%	Data for Jun 2023

Development Restrictions in Oakleigh

Oakleigh Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Field	Value	VS Melbourne	Trend
Total area	3.7 sq km	Bottom 34%	Data for Jan 2021
Heritage overlay total area	0.7 sq km	Top 14%	Data for Jun 2023
Residential density	275 sqm per resident	Bottom 7%	Data for Jan 2021

Risk in Oakleigh

Oakleigh Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
% Owner Occupied	73.1%	Bottom 8%	0% to May 2023
% Rentals	26.9%	Top 8%	2% to May 2023
Housing Affordability Index	58	Top 7%	Data for Jun 2023
Median monthly mortgage	$2,150	Top 38%	8% to May 2023
Rent Affordability Index (Houses)	75	Bottom 31%	Data for Jun 2023
Rent Affordability Index (Units)	70	Bottom 20%	Data for Jun 2023
Mortgage as a percent of income	25.1%	Top 34%	14% to Jan 2021
Mortgaged Dwellings	35.7%	Bottom 41%	13% to May 2023

Housing Demand in Oakleigh

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Field	Value	VS Melbourne	Trend
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	29000	Top 4%	24% to Dec 2036
Historical Population (SA3)	196000	Top 3%	25% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	239000	Top 5%	47% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Oakleigh

Oakleigh Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Units	Premium	Premium	Premium
Capital Growth Forecast: Units (2-Year Outlook)	Premium	Premium	Premium
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$631	Top 16%	175% to Apr 2026
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	42.6%	Bottom 12%	54% to Apr 2026

Realtors (13)

Headline	Place	Datetime
Barry Plant Real Estate	31 Atherton Rd
Buxton Real Estate	21-23 Atherton
CPR Complete Property Rejuvenations	108 Drummond St
Crabtrees Real Estate Pty Ltd	2 Atherton Rd
Just Rentals Real Estate	30 Atherton Rd

Accommodation Options (5)

Headline	Place	Datetime
Greg Hocking Telios	26A Atherton St
Oakleigh Junction Hotel	1 Portman St
Punthill - Oakleigh	Cnr Dandenong and Warragul Rds
Punthill Oakleigh	Cnr Dandenong and Warrigal Roads
Woodards	49 Atherton Rd

Planning Applications: Dwellings (47)

Headline	Place	Date
Construct 12 Dwellings on two lots and carry out works in a Heritage Overlay - Monash City Council TPA/57234	4 & 6 Heath Avenue Oakleigh VIC 3166	15 Jan 2026
Construct or put up for display business identification signs and internally illuminated signs. - Monash City Council TPA/57354	190-192 Atherton Road Oakleigh VIC 3166	18 Dec 2025
Proposed additions and alterations to an existing dwelling in a Special Building Overlay and Heritage Overlay 96 - Monash City Council TPA/57108	6 Queens Avenue Oakleigh VIC 3166	01 Dec 2025
Use the land for a retail premises (car sales), construct buildings and works to the facades and waive the bicycle parking provisions - Monash City Council TPA/57278	1605 Dandenong Road Oakleigh VIC 3166	13 Nov 2025
Use the land for a Restricted Place of Assembly & Office, reduce the number of car spaces required under Clause 52.06-5 and to construct a building or construct or carry out works - Monash City Council TPA/57171	15 Stamford Road Oakleigh VIC 3166	17 Oct 2025

Planning Applications: Other (45)

Headline	Place	Date
Use of the land as an Indoor Recreational Facility (24 hour Gymnasium), associated externally illuminated signage and car parking provided at a reduced rate - Monash City Council TPA/46044/A	261 Huntingdale Road Oakleigh VIC 3166	18 Dec 2025
Use the land for car sales and reduce the car parking requirements - Monash City Council TPA/57230	1611-1615 Dandenong Road Oakleigh VIC 3166	30 Oct 2025
Use the land for a Restricted Place of Assembly & Office, reduce the number of car spaces required under Clause 52.06-5 and to construct a building or construct or carry out works - Monash City Council TPA/57171	15 Stamford Road Oakleigh VIC 3166	17 Oct 2025
Removal of Easement (E-1) shown within Lot 1 on LP10719 - Streamlined Planning through Electronic Applications and Referrals S249564E	25 Ferntree Gully Road, Oakleigh VIC 3166	20 Jun 2025
Alterations and additions to existing 24-hour self-service manual car wash - Monash City Council TPA/22082/A	43 Stamford Road Oakleigh VIC 3166	24 Jan 2025

Planning Applications: Industrial (3)

Headline	Place	Date
To construct ten (10) warehouses and a reduction in the statutory car parking requirements - Monash City Council TPA/56971	4 King Street Oakleigh VIC 3166	02 Oct 2025
Construct buildings and works for new warehouse development with ancillary offices and a reduction in the car parking requirements of Clause 52.06 of the Monash Planning Scheme - Monash City Council TPA/56398	35 Downing Street Oakleigh VIC 3166	03 Dec 2024
Construction and use of a self-storage facility including ancillary use of nominated premises for offices, warehouse and industry, associated parking and a caretaker's house in accordance with the endorsed plans - Monash City Council TPA/43605/I	6-14 Wells Road Oakleigh VIC 3166	18 Aug 2023

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
23 George St	$1,475,000	3.0	2.0	2.0	20 Dec 2025	On Market
140 Atherton Rd	$1,571,000	4.0	3.0	2.0	20 Dec 2025	On Market
112 Warrigal Rd	Price Withheld	4.0	1.0	2.0	15 Dec 2025	On Market
22a Clyde St	Price Withheld	2.0	1.0		06 Dec 2025	On Market
22a Clyde St	Price Withheld	2.0	1.0	2.0	06 Dec 2025	On Market

LGA Details (1)

Headline	Place	Datetime
Local government area	Monash

Median Unit Sale Prices by Street (23)

Date	Median sale value	Street
11 Apr 2026	$593,800	Albert Ave
11 Apr 2026	$539,300	Atherton Rd
11 Apr 2026	$424,400	Atkinson St
11 Apr 2026	$1,460,000	Burlington St
11 Apr 2026	$586,500	Dalgety St

Median House Rental Prices by Street (22)

Street	Date	Median rent (per week)
Dandenong Rd	11 Apr 2026	$704
Davey Ave	11 Apr 2026	$711
Grant St	11 Apr 2026	$811
Golf Links Ave	11 Apr 2026	$625
Heath Ave	11 Apr 2026	$788

Median House Sale Prices by Street (31)

Street	Date	Median sale value
Abbeygate St	11 Apr 2026	$1,612,000
Allen St	11 Apr 2026	$1,459,000
Andrew St	11 Apr 2026	$1,484,000
Atherton Rd	11 Apr 2026	$1,074,000
Atkinson St	11 Apr 2026	$1,082,000

Percent of Renters by Street (100)

Percent of Renters	Street
41.2%	Henry St
15.7%	Henry Street
52.0%	Abbeygate St
30.8%	Hilbert Court
50.0%	Hilbert Ct

Turnover Rate by Street (96)

Turnover rate	Street	Turnover Label	Turnover Years	Year
37.8%	Davey Ave	very tightly held	Every 26.4 years (very tightly held)	2026
48.2%	Burlington St	very tightly held	Every 20.7 years (very tightly held)	2026
27.8%	Wilson St	very tightly held	Every 36.0 years (very tightly held)	2026
58.7%	Clyde St	quite tightly held	Every 17.0 years (quite tightly held)	2026
51.0%	Oxford St	quite tightly held	Every 19.6 years (quite tightly held)	2026

Businesses (100)

Name	Address
Liquid Vision Plumbing Group	30 Burlington St, Oakleigh VIC 3166, Australia
Cyrus Australia	5 Burlington St, Oakleigh VIC 3166, Australia
Pepper Constructions	Unit 17/18-20 Edward St, Oakleigh VIC 3166, Australia
Macrobuild	1/35A Connell Rd, Oakleigh VIC 3166, Australia
Vic Home Choice	162 Haughton Rd, Oakleigh VIC 3166, Australia

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
1484 Dandenong Rd	$1,000	5	2	2	03 Feb 2026
1484 Dandenong Rd	$1,000	5	2	2	03 Feb 2026
1484 Dandenong Rd	$1,000	5	2	2	03 Feb 2026
Unit 2, 9 Mora Ave	$625	3	1	1	30 Jan 2026
1177 North Rd	$710	3	1	2	30 Jan 2026

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 502, 2 Dalgety St	$750	2.0	2.0	1.0	23 Jan 2026
Unit 303, 1525 Dandenong Rd	$690	2.0	2.0	1.0	23 Jan 2026
Unit 2, 11 Albert Ave	$600	3.0	1.0	1.0	23 Jan 2026
Unit 2, 11 Albert Ave	$600	3.0	1.0	1.0	23 Jan 2026
Unit 2, 11 Albert Ave	$600	3.0	1.0	1.0	23 Jan 2026

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 1, 791 Warrigal Rd	$555,000	2.0	1.0	1.0	06 Feb 2026	On Market
Unit 108, 2 Dalgety St	Price Withheld	1.0	1.0	1.0	30 Jan 2026	On Market
Unit 108, 2 Dalgety St	Price Withheld	1.0	1.0	1.0	30 Jan 2026	On Market
Unit 108, 2 Dalgety St	Price Withheld	1.0	1.0	1.0	30 Jan 2026	On Market
Unit 108, 2 Dalgety St	Price Withheld	1.0	1.0	1.0	30 Jan 2026	On Market

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