Oakleigh
Suburb profile, market snapshot and recent listings for Oakleigh, VIC 3166.
About Oakleigh
Welcome to Oakleigh
Oakleigh sits around 16 kilometres south-east of the Melbourne CBD, a well-established suburb best known for its Eaton Mall dining strip and the strong Greek heritage that still shapes its cafes, grocers and community life. Bordered by Oakleigh South, Oakleigh East, Hughesdale, Huntingdale and Murrumbeena, it occupies a useful middle ground between inner-city convenience and leafy suburban living.
With a population of 8,442 and a median age of 38, Oakleigh has long appealed to a mix of long-term families, young professionals and students drawn by Monash University's proximity. It suits buyers and renters who want good public transport, a genuine local food scene and easy access to some of Melbourne's better schools, without paying inner-city prices.
Lifestyle & dining
Oakleigh's reputation as one of Melbourne's great food destinations centres on Eaton Mall and the surrounding streets, where Greek bakeries, souvlaki bars, cafes and pastry shops have operated for generations. It's a place where locals still do a proper grocery shop at specialty delis alongside a coffee at a footpath table, and where the food culture draws visitors from well beyond the immediate area.
Beyond the mall, the pace is unmistakably suburban and community-focused, with the Greek Orthodox church and various cultural clubs and associations giving the suburb a strong sense of identity that's been built up over decades rather than manufactured for effect.
Getting around
Oakleigh railway station, on the Pakenham and Cranbourne lines, puts the CBD within easy reach and makes the suburb a genuine commuter option for people working in the city. The station also serves as a local bus hub, with routes connecting to Chadstone, Monash University, Huntingdale and neighbouring suburbs.
Road access is straightforward too, with the Monash Freeway close by for drivers heading into the city or out towards the south-east growth corridor, while Warrigal Road and Dandenong Road provide useful arterial connections for those travelling to Hughesdale, Murrumbeena and beyond.
Schools & families
Families are well served locally, with Oakleigh Primary School providing a public option within the suburb and Oakleigh Grammar offering an independent schooling pathway from early years through to senior secondary. The broader area also benefits from proximity to Monash University, which brings a steady student population and associated rental demand into the local mix.
The median age of 38 suggests a community with a healthy spread of families and working professionals, and the mix of established housing and newer apartment stock reflects that range of household types.
The property market
Oakleigh's median house price currently sits at $1.29 million, having recorded growth of 3.8% recently, a sign of continued buyer confidence in the area. Units and apartments offer a considerably more accessible entry point at a median of $540,000, which helps explain why they make up 43% of current listings, narrowly ahead of houses at 41% and townhouses at 16%.
For renters, the median asking rent is $690 a week, reflecting solid demand from both families wanting the established house-and-garden lifestyle and students or young professionals drawn to the suburb's transport links and food scene. That dwelling mix, tilted towards apartments and townhouses alongside a strong base of traditional houses, gives Oakleigh a broader range of buyer and renter options than many comparable inner-south-east suburbs.
Shopping
Eaton Mall remains the retail and social heart of Oakleigh, but the suburb's shopping options extend well beyond it. Warrigal Road and the surrounding commercial strips add supermarkets, homewares and everyday retail, while Chadstone Shopping Centre, one of the largest in the country, is only a short trip away for those after a bigger retail fix.
The density of independent grocers, bakeries and specialty food stores in and around the mall is arguably Oakleigh's real point of difference, giving residents a level of everyday retail variety that's hard to match in more generic suburban centres.
Market snapshot
Oakleigh property market
Median sale price
$1.29m
House · 3 bed
Median rent
$690
per week
Gross rental yield
2.8%
annual rent ÷ sale price
Typical price range
Entry
$962k
Median
$1.29m
Premium
$1.52m
Days on market
66
Auction clearance
70%
Sold this year
36
Median sold price trend · House 3 bed
Compound growth -1.4% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Oakleigh by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Oakleigh, VIC 3166.
Population
8,442
residents (2021)
Median age
38
years
Household income
$1,926
median, per week
Median rent
$410
per week
Median mortgage
$2,100
per month
Mortgage / income
25%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Oakleigh
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in Oakleigh
$549k
207/35-41 Dalgety Street
Sold ~July 2026
$1.09m
7/8 Willgilson Court
Sold ~July 2026
$460k
201/63-65 Atherton Road
Sold ~July 2026
$868k
2/46 Golf Links Avenue
Sold ~July 2026
$718k
2/48 Golf Links Avenue
Sold ~July 2026
$1.28m
1 Bishop Street
Sold ~July 2026
$1.45m
7 Andrew Street
Sold ~June 2026
$1.05m
170 Atherton Road
Sold ~June 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Oakleigh
Compare the area
Price map around Oakleigh
Every listing for sale near Oakleigh, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Common questions
Oakleigh suburb FAQ
What is the median property price in Oakleigh?
The median unit price in Oakleigh, VIC is $540k for a 2-bedroom home. Over the past year, median sold prices have fallen about 8.5%.
How much is rent in Oakleigh?
The median weekly rent in Oakleigh is around $640 per week.
Is Oakleigh a good place to live?
Oakleigh is an established residential suburb in VIC, with a population of around 8,442 and 2 schools in the area.
What is the population of Oakleigh?
Oakleigh has a population of 8,442 (ABS 2021 Census), with a median age of 38.
What schools are in Oakleigh?
There are 2 schools in or near Oakleigh, including Oakleigh Grammar and Oakleigh Primary School.
How long do homes take to sell in Oakleigh?
Properties in Oakleigh take around 44 days to sell on average, with an auction clearance rate of about 71%.
How much do you need to buy in Oakleigh?
Entry-level properties in Oakleigh start around $427k, while premium homes reach $846k.
What suburbs are near Oakleigh?
Suburbs near Oakleigh include Oakleigh South, Hughesdale, Huntingdale, Murrumbeena and Oakleigh East.
Fresh to market
New this week in Oakleigh
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