property
Oakleigh Home Values Track 2021 Boom Pattern in Latest Quarter
Current price movements mirror the rapid increases seen five years ago, driven by low inventory and strong buyer interest.
How we reported this
Median prices for detached houses in Oakleigh rose 11 percent in the second quarter of 2026 compared with the same period in 2021, when the local market last posted double-digit gains over three months.
The parallel matters because both cycles opened with interest rates near historic lows and limited stock on the market, pushing competition among buyers who face the same constraints today on streets such as Atherton Road and Haughton Road.
Street-Level Activity
Three-bedroom weatherboard homes near Oakleigh Station sold for an average $1.18 million in June, a figure that matches the pace recorded in April 2021 when 14 properties changed hands in the same postcode within four weeks. Further east along Warrigal Road, blocks close to Oakleigh South Primary School attracted multiple offers at auctions held on 27 June, repeating the pattern that cleared 22 listings in the first fortnight of May 2021.
The Oakleigh Chamber of Commerce reported 47 new listings registered with local agents between 1 April and 30 June, down from 68 in the corresponding 2021 window, while clearance rates at the Oakleigh Market auction venue held steady above 78 percent.
Price Data and Inventory
CoreLogic figures released on 3 July showed the median house price in the 3166 postcode at $1.42 million, compared with $1.28 million at the end of June 2021. Days on market averaged 19, one day shorter than the 20-day average recorded in the second quarter of the earlier cycle.
Buyers who secured finance before the July rate decision now hold an edge similar to those who acted in the first half of 2021, when the same window produced 31 contracts before prices paused in August. Agents advise checking recent sales on Haughton Road and inspecting properties listed through the Oakleigh Real Estate Association before the next auction round on 18 July.
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.