AREA REPORTS

Oak Park

Suburb Profile

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

house
unit
OAK PARK ranks 266th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 2.67% for the past year is lower than average compared to its 67.27% growth within a five-year period.

This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.

Also in OAK PARK, the median home price is sitting at $878,168, and the average rent at $410, this suggests property owners could potentially earn a 2.43% increase in gross rental yield.

Property investors have seen a 0.36% 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 6.95% growth over a ten-year period. It ranks 990th 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 $878,168 $622,500
GROWTH REPORT
Median Quarterly 0.36% 0.4%
Median 12 month 2.67% 17.67%
Median 3 years 40.51% 31.89%
Median 5 years 67.27% 39.89%
10 years average annual 6.95% 5.33%
Weekly media advert. rent $410 $390
Time on Market 36.7 days 73.7 days
Gross Rental Yield Percent 2.43% 3.26%
demographics (median values)
Total Population
4606
Weekly Household Income
1019
Household Size
2.50
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