VIC/
Oak park

Suburb Profile

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

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unit
OAK PARK ranks 135th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 20.77% for the past year is higher than average compared to its 68.93% growth within a five-year period.

Also in OAK PARK, the median home price is sitting at $870,000, and the average rent at $420, this suggests property owners could potentially earn a 2.51% increase in gross rental yield.

Property investors have seen a 3.57% gain in OAK PARK based on an increase 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 20.77%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.93% growth over a ten-year period. It ranks 281st on our list of suburbs that property investors should look into.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $870,000 $510,000
GROWTH REPORT
Median Quarterly 3.57% -1.92%
Median 12 month 20.77% -4.67%
Median 3 years 50.65% 8.63%
Median 5 years 68.93% 20.71%
10 years average annual 8.93% 5.83%
Weekly media advert. rent $420 $360
Time on Market 70.2 days 66.7 days
Gross Rental Yield Percent 2.51% 3.67%
demographics (median values)
Total Population
4606
Weekly Household Income
1019
Household Size
2.50
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