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Oak Park

POSTAL CODE: VIC, 3046
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OAK PARK ranks 198th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 7.1% for the past year is higher than average compared to its 25.3% growth within a five-year period.

Also in OAK PARK, the median home price is sitting at $1,154,050, and the average rent at $637.5, this suggests property owners could potentially earn a 2.87% increase in gross rental yield.

Property investors have seen a 1.68% gain in OAK PARK based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.54% growth over a ten-year period. It ranks 2310th on our list of suburbs that property investors should look into.

Surburb overview

Oak Park, situated approximately 11 kilometres north of Melbourne's Central Business District (CBD), is a suburb within the City of Merri-bek.  According to the 2021 census, it has a population of 6,714 residents. 

The suburb is well-connected by public transportation. The Oak Park railway station on the Craigieburn line offers regular train services to the CBD. Additionally, several bus routes, including the 513, 514, and 542, service the area, providing links to neighbouring suburbs and critical destinations. 

Oak Park features several shopping precincts, notably the Winifred Street Shopping Centre, which offers a variety of retail and dining options. Essential services such as banks, a post office, and supermarkets are also available, catering to residents' daily needs. 

The suburb boasts the Oak Park Sports and Aquatic Centre for recreational activities, providing swimming and various sports facilities.  The Moonee Ponds Creek Trail runs through the area, offering scenic routes for walking and cycling.  Parks and green spaces are abundant, contributing to the suburb's appeal for families and outdoor enthusiasts. 

Oak Park presents a blend of residential living with convenient access to public transport, essential services, and recreational facilities, making it a well-rounded suburb within Melbourne's northern region. 

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