property
Clayton Houses Hit $1.285M as Investors Eye Strong Yields
Median house prices reach $1,285,000 while units sit at $730,750 in a suburb anchored by major institutions.
How we reported this
Median house prices in Clayton stand at $1,285,000 and median unit prices at $730,750 according to recent suburb data. These figures reflect the local property market in a suburb located 19 km south-east of Melbourne's CBD with a population of approximately 19,000 residents recorded in the 2021 census.
Why Property Numbers Matter Now
The suburb functions as a major medical and educational hub. Monash University and the Monash Medical Centre draw consistent demand for housing from students and healthcare workers. High tertiary education enrollment at 71.7 percent and a median age of 25 years shape rental patterns and long-term occupancy trends.
Local Institutions and Demographics
Monash University serves as Australia's largest university and sits alongside the Monash Medical Centre, one of Victoria's major tertiary hospitals. These facilities support a younger population heavily influenced by transient students. Waves of migration from China, India, England and Greece contribute to a multicultural setting with a noted food scene.
Market Position and Supporting Figures
The suburb is positioned as Melbourne's potential second CBD despite transport challenges. The combination of a 71.7 percent tertiary enrollment rate and the presence of Monash University and Monash Medical Centre provides the base for investor consideration. Property prices of $1,285,000 for houses and $730,750 for units supply the measurable indicators in this environment.
Next Steps for Investors
Buyers and investors can review current listings through established local real estate channels while monitoring demand tied to Monash University and the Monash Medical Centre. Population characteristics recorded in the 2021 census and the 71.7 percent education enrollment rate remain key reference points for assessing ongoing housing needs.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.