Oakleigh continues to anchor this part of the market with genuine depth across every bracket right now. Two-bedroom houses are trading at $988,500, and three-bedroom homes lead on volume with 37 sales this year at $1.29 million and a strong 76 per cent clearance rate.
Four and five-bedroom family homes remain firm above $1.3 million, while apartments are a real feature of this suburb too, with two-bedroom units at $540,000 clearing at 73 per cent and three-bedroom units reaching $878,000. Buyers here are selective but committed once a home genuinely presents well.
With close to half of local households families, proximity to Oakleigh's shopping strip, schools and transport continues to matter a great deal. The $700,000 to $1.2 million band remains the most active, and well-presented, accurately priced homes are the ones generating genuine competition through the whole campaign.
Median sale price for houses in Oakleigh is $1,300,000, up 3.6% from last year.
Median sale price for units in Oakleigh is $542,500, down 5.7% from last year.
Properties sold for houses in Oakleigh is 87, up 2.4% from last year.
Properties sold for units in Oakleigh is 92, down 16.4% from last year.
Auction clearance for houses in Oakleigh is 65.8%, up 2.0% from last year.
Auction clearance for units in Oakleigh is 75.0%, up 1.8% from last year.
Av days on market for houses in Oakleigh is 65, up 54.8% from last year.
Av days on market for units in Oakleigh is 42, down 40.8% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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The Reserve Bank's decision to leave the cash rate on hold at 4.35 per cent is welcome news for buyers, sellers and businesses alike. While it's not a silver bullet for Melbourne's property market, it should provide some reassurance that the aggressive phase of the interest rate tightening cycle may be easing.
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