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Suburb Insights ยท VIC 3167

Oakleigh South 3167, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Oakleigh South is an outer-metropolitan suburb of Melbourne, Australia, with a population of approximately 9,851, making it a smaller community. Located approximately 17 km from the Melbourne CBD, Oakleigh South is a outer metro area in Victoria. The median household income is $99,580 AUD per year (ABS 2021 Census).

Investment Score

68 / 100 Good

Oakleigh South benefits from a high-income resident base, supporting premium property pricing.

Location

Map shows Oakleigh South, Victoria, Australia.

Key Indicators

Postcode
3167

Official Australia Post postcode for Oakleigh South. A postcode may cover multiple suburbs.

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Population
9,851

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$418/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$99,580/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
17 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
2

Estimated 2 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
4

Estimated 4 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,200/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
79% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Oakleigh South's outer-metropolitan position means more affordable entry points for investors, with potential for capital growth as infrastructure extends outward. Demand is often driven by young families seeking space and value. The median rent of $418/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,200/month. The median household income of $99,580/year reflects a solid demographic, supporting sustainable rental demand. 79% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Holding property in Oakleigh South over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Oakleigh South can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

Renovation or flip strategies in Oakleigh South face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Oakleigh South property

Full Property Analysis

30-year projections for Oakleigh South

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Moderate

Property values in Oakleigh South should hold firm in 2026, with gradual appreciation tied to infrastructure and population trends. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. Oakleigh South offers measured appeal for investors willing to look beyond headline metrics.

Frequently Asked Questions

Is Oakleigh South a good suburb for investment?

Oakleigh South is a outer metro area in Victoria with a population of 9,851. The median rent is $418/week and the median household income is $99,580/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Oakleigh South?

Key demand drivers in Oakleigh South include affordability relative to inner suburbs and expanding infrastructure. 79% of dwellings are separate houses. The area has approximately 2 schools and 4 parks nearby.

What is the population of Oakleigh South?

According to the ABS 2021 Census, Oakleigh South has a population of approximately 9,851. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Oakleigh South from the Melbourne CBD?

Oakleigh South is approximately 17 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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