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Oak Park

Suburb Profile

Oak Park - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3046

house
unit
OAK PARK ranks 14th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 11.14% for the past year is higher than average compared to its 42.2% growth within a five-year period.

Also in OAK PARK, the median home price is sitting at $903,000, and the average rent at $435, this suggests property owners could potentially earn a 2.5% increase in gross rental yield.

Property investors have seen a -0.99% drop in OAK PARK based on a decrease in median home prices for the past three months.

They believe that homeowners and real estate investors betting on OAK PARK, 3046 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.14%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.32% growth over a ten-year period. It ranks 1876th on our list of suburbs that property investors should look into.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $903,000 $670,000
GROWTH REPORT
Median Quarterly -0.99% 0%
Median 12 month 11.14% 1.36%
Median 3 years 9.19% 19.64%
Median 5 years 42.2% 26.65%
10 years average annual 4.32% 4.21%
Weekly media advert. rent $435 $400
Time on Market 46.2 days 60.3 days
Gross Rental Yield Percent 2.5% 3.1%
demographics (median values)
Total Population
4606
Weekly Household Income
1019
Household Size
2.50
demographics
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