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Aranmore Catholic College principal Declan Tanham said while he was not aware of any accidents involving students on Oxford Street, reducing speed on the street was a preventative measure.
"It just makes good sense," Mr Tanham said. "I don't know why it isn't already.
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Aranmore Catholic Primary School principal Margaret Williamson supports the speed change and will be requesting that Main Roads WA reinstates a traffic controller on the street.
"There are a lot of children crossing; I definitely think Oxford Street should be reduced to 40km/h," Mrs Williamson said.
"I can't remember the last time we had a traffic controller.
"We will do a count of cars and children on the road, submit it to Main Roads and then they will send someone out to do an official count."
Mayor John Carey will present a late motion to Vincent Council tonight to canvass residents' opinions on reducing the speed limit on all Vincent roads to 40km/h.
"Every week Im being approached by residents about speeding on our streets and Im constantly getting requests for speed humps," Mr Carey said.
"We are in a unique position as a major corridor into the city; we could reduce the speed of all of our roads to 40km/h.
"People may say it seems like an impossible task and perhaps Im just an optimist but that's what they said about bike aths."
n Opinion page 6