Question 1

Is Oakleigh East a nice place to live?

Accepted Answer

Oakleigh East is a quiet, established suburb in Melbourne's south-east with tree-lined streets and mainly mid-century brick and weatherboard homes, plus some infill townhouses along the busier roads. It is a suburb weighted towards families — couple families with children are the largest group — and has a community of 6,804 people with a median age of 35. Most homes are owner-occupied (about two-thirds) while 36.3% are rented, so the area suits families and professionals who value backyard space, local parks and sports ovals and easy access to Oakleigh's village cafés and markets or the large nearby shopping precinct.

Public transport links and arterial roads make commuting straightforward while the streets remain calm and residential. Precinct planning for the Suburban Rail Loop East in the nearby Clayton/Monash corridor is active and touches the road corridor adjacent to Oakleigh East, and a district-level playspace upgrade for Princes Highway Reserve is planned with a mix of traditional and nature-based play, accessible features, sheltered seating and picnic/BBQ and lawn areas.

Question 2

Is it expensive to live in Oakleigh East?

Accepted Answer

On the figures, buying in Oakleigh East sits well above local incomes at the last Census. The median house price of $1,160,500 is about 11.4 times a typical local annual household income at the last Census, and the median unit price of $895,000 is about 8.8 times that income. Renting looks less stretched: with a typical local household earning $1,951 a week at the last Census, average house rent of $723 a week would take roughly 37% of that weekly income (a sizeable share), while unit rent of $555 a week would take about 28.4% (a moderate share). Which of those matters most will depend on whether you plan to rent or buy.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Oakleigh East a good place to invest?

Accepted Answer

The clearest movement in Oakleigh East over the past year is in house values, which climbed 10.2%, a strong rise. Unit values also increased, up 7.1%, a solid gain. On the income side, house rents rose 6.3% while unit rents edged up 0.9%.

For someone weighing Oakleigh East as an investment, the figures show capital growth was the stronger story this year, particularly for houses where price growth outpaced rent growth. If rental income is your priority, house rents grew more than unit rents, but both types of rent trailed their respective value increases. Whether that balance suits you will depend on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.16M	$895K
Change in value Past 12 months	10.2%	7.1%
Sold Past 3 months	21	10
Median days on market Past 12 months	39	36
Average rent Past 12 months	$723	$555
Change in rent Past 12 months	6.3%	0.9%

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