Oakleigh is already in the grip of a lively home buying season, with a plethora of sale boards sprouting on residential properties for spring.
Real estate agent Franks Scalise, of Woodards Oakleigh, said the suburb’s median house price was now $1.4 million, which could fetch a four-bedroom family home.
“It’s a big jump from two or three years ago and the Oakleigh market is lively and showing no signs of slowing,” he said.
“There was a lack of stock earlier in the year but the spring mindset is now well and truly in place with sellers setting the pace.”
Mr Scalise said spring has traditionally been the house selling season because the better weather and the blossoming gardens make properties more attractive.
“Gardens look good, the sun is out and the outdoor spaces look attractive, so the photos look great, too,” he said.
“Prices drive up and there is more property for sale.”
Schools, great shopping areas and transport links make Oakleigh a sought-after location for families, couples and young singles.
Properties located in roads off Atkinson St, Oakleigh’s central shopping district area, always proved to be hot spots for would-be buyers, Mr Scalise said.
“It’s Oakleigh’s golden mile,” he said.
“The streets around Atherton Rd and Warrigal Rd are popular, too.”
While families are attracted to the school zones and keeping the larger homes up at the million-dollar price bracket, Mr Scalise said the unit and townhouse market was also vibrant.
“Apartments are less competitive but townhouses and units go for between $550,000 and $900,000. You can’t really get something for less than that,” he said.
“We are all set for a really exciting season.”