Best Suburbs Near Monash University for Property Investment in 2026

Monash University is one of Australia's largest and most respected universities, attracting tens of thousands of domestic and international students every year. With campuses located in Clayton and Caulfield, the surrounding suburbs continue to experience strong rental demand from students, academics, healthcare workers, and professionals.

For property investors, areas around Monash University offer a unique combination of stable rental demand, ongoing infrastructure investment, and long-term growth potential.

In this guide, we explore some of the best suburbs near Monash University for property investment in 2026.

Why Invest Near Monash University?

Properties located near major universities often benefit from:

• Consistent rental demand
• Lower vacancy rates
• Strong appeal to international students
• Access to public transport
• Proximity to hospitals, research centres, and employment hubs

Monash University is particularly attractive because it is closely connected to major employment centres, including the Monash Medical Precinct and the broader Monash National Employment and Innovation Cluster.

This creates demand not only from students but also from professionals and families.

Clayton

Clayton is home to Monash University's largest campus and remains one of Melbourne's most popular investment locations.

Key Advantages

• Walking distance to Monash University Clayton Campus
• Strong international student demand
• Close to Monash Medical Centre
• Excellent public transport connections
• Ongoing infrastructure improvements

Suitable Investment Types

• One-bedroom apartments
• Two-bedroom apartments
• Townhouses
• Family homes suitable for shared accommodation

Investors looking for strong rental demand often consider Clayton one of the most reliable university-focused markets in Melbourne.

Notting Hill

Located immediately adjacent to the Clayton campus, Notting Hill is often overlooked compared to Clayton itself.

However, its proximity to the university makes it highly attractive to students and university staff.

Key Advantages

• Extremely close to Monash University
• Quiet residential environment
• Limited supply of housing
• Strong tenant demand

Many investors appreciate Notting Hill for its convenience and long-term growth prospects.

Caulfield

Home to Monash University's Caulfield Campus, Caulfield offers a different investment profile.

The suburb appeals to students while also attracting professionals who work in Melbourne's CBD.

Key Advantages

• Direct train access to Melbourne CBD
• Strong apartment rental market
• Popular among domestic and international students
• Close to shopping and dining precincts

Modern apartment developments near the campus continue to attract investors seeking low-maintenance properties.

Glen Waverley

Although not directly adjacent to Monash University, Glen Waverley remains one of Melbourne's most sought-after suburbs.

Many students and academics choose to live here due to its lifestyle amenities and highly regarded schools.

Key Advantages

• Premium residential location
• Strong long-term capital growth
• Excellent shopping and dining options
• Convenient access to Monash University

Investors focused on long-term appreciation often consider Glen Waverley a strong portfolio addition.

Oakleigh

Oakleigh has become increasingly popular among young professionals and university staff.

Its vibrant retail precinct and transport connectivity continue to support rental demand.

Key Advantages

• Strong community atmosphere
• Convenient transport links
• Growing popularity among professionals
• Diverse tenant pool

The suburb provides a balanced investment option for those seeking both rental income and growth potential.

What Property Type Performs Best?

The best investment property depends on your goals.

Apartments

Suitable for investors seeking:

• Lower entry costs
• Strong student demand
• Easier maintenance

Townhouses

Suitable for investors seeking:

• Broader tenant appeal
• Family and professional renters
• Higher long-term demand

Houses

Suitable for investors seeking:

• Land value growth
• Long-term capital appreciation
• Flexibility for future development potential

Factors Investors Should Consider

Before purchasing an investment property near Monash University, consider:

• Distance to campus
• Access to public transport
• Vacancy rates
• Rental yield
• Future infrastructure projects
• Tenant demographics

A thorough understanding of local market conditions can help investors maximise returns while minimising risk.

Final Thoughts

The suburbs surrounding Monash University continue to offer attractive opportunities for property investors in 2026.

Clayton and Notting Hill provide direct exposure to student demand, while Caulfield, Oakleigh, and Glen Waverley offer broader appeal and long-term growth potential.

Choosing the right investment property requires careful consideration of rental demand, location, property type, and long-term objectives.

At AUV Real Estate, we help investors identify opportunities across Melbourne's south-east and Monash precinct. Whether you're purchasing your first investment property or expanding an existing portfolio, our team can provide local market knowledge and professional guidance to support your investment journey.

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