Oakleigh

Oakleigh, located about 14 km southeast of Melbourne’s Central Business District, is a vibrant and multicultural suburb in Monash. It’s known for its rich Greek cultural influence and bustling shopping and dining scene.

Demographic Profile

• Population: Diverse, with a significant Greek community. According to the 2021 census, the population of Oakleigh was 8,442.
• Predominant Age Group: Attracts a mix of families, professionals, and students.
• Median Household Income: Comparable to the Melbourne metropolitan average.
• Occupancy: A mix of homeowners and renters with various housing styles.

Real Estate and Growth

• Median House Prices: As of the latest data, the median house price in Oakleigh is around AUD 1,200,000.
• Median Unit Prices: For units, the median price stands at approximately AUD 600,000.
• Rental Market: The median rent for houses is around AUD 500 per week, while for units, it’s about AUD 380 per week.
• Market Trends: Oakleigh has experienced a steady increase in property values, driven by its cultural vibrancy and convenient location.

Education and Lifestyle

• Schools: Home to several primary and secondary schools, both public and private.
• Local Vibe: Known for its Greek cafes, bakeries, and eateries, especially around Eaton Mall.
• Community Insights: Praised for its lively atmosphere, cultural diversity, and excellent food scene.

Transportation

• Public Transport: Well-connected by Oakleigh Railway Station and numerous bus routes, offering easy access to Melbourne CBD and surrounding areas.

Notable Features

• Cultural Hotspot: Strong Greek cultural presence, reflected in the cuisine and annual events.
• Shopping and Dining: Bustling Eaton Mall and surrounding streets offer many dining and shopping options.
• Recreational Areas: Local parks and recreation centres provide green spaces and facilities for sports and outdoor activities.

Oakleigh is a dynamic and culturally rich suburb, ideal for those who appreciate a lively community atmosphere with strong cultural influences. Its blend of residential options, thriving culinary scene, and convenient transport links make it desirable for a diverse population, including families, professionals, and students. The suburb’s continuous real estate growth and vibrant community life contribute to its appeal as one of Melbourne’s popular suburbs.