Oakleigh vs Murrumbeena
Oakleigh (median $1,351,000) is roughly 31% cheaper to buy into than Murrumbeena ($1,950,000).
Buying in Oakleigh or Murrumbeena?
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Oakleigh and Murrumbeena side by side
| Measure | Oakleigh | Murrumbeena |
|---|---|---|
| Price and market | ||
| Median house | $1,351,000 | $1,950,000 |
| Median unit | $560,000 | $557,500 |
| Renting | ||
| House rent | $630/wk | $730/wk |
| Unit rent | $580/wk | $570/wk |
| Owner occupied | 63.0% | 62.0% |
| Renter occupied | 35.0% | 36.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1113 | 1129 |
| Lifestyle and people | ||
| Walk score | 100 | 88 |
| Transit score | 80 | 0 |
| Bike score | 100 | 100 |
| Population | 8,442 | 9,996 |
| Median age | 38 | 37 |
| Climate | ||
| Annual rainfall | 748 mm | 673 mm |
| Mean max, January | 26.3°C | 26.4°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Oakleigh scores higher on walkability (100/100 vs 88/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Murrumbeena (1129) sits above Oakleigh (1113).
- For buyers
- Oakleigh is the lower entry point at $1,351,000 median, 31% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Oakleigh offers the higher gross rental yield (2.42% vs 1.95%), favouring cash-flow investors.
- For families
- Murrumbeena edges out on average school ICSEA (1129 vs 1113).
Oakleigh vs Murrumbeena: common questions
Is Oakleigh or Murrumbeena cheaper to buy in?
Oakleigh has the lower median house price at $1,351,000, roughly 31% below Murrumbeena ($1,950,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Oakleigh or Murrumbeena have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Murrumbeena scores 1129 vs 1113 in Oakleigh. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Oakleigh or Murrumbeena?
Oakleigh scores 100/100 on walkability vs 88/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Oakleigh or Murrumbeena?
Gross rental yield on houses is 2.42% in Oakleigh vs 1.95% in Murrumbeena. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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