OAK PARK ranks 242nd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 6.83% 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 7.43% growth over a ten-year period. It ranks 786th on our list of suburbs that property investors should look into.
A 19.58% increase in median property prices in OAK PARK, 3046 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 63rd.
A steady increase in median property prices over a five-year period in OAK PARK, 3046 translates to a 33.76% capital gain.
OAK PARK, 3046 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $620,000.
Augmented property values in OAK PARK are trailing above the VIC average of 7.89% for the past year.
Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
Home owners selling their properties and realtors in OAK PARK usually have to wait an average of 62.3 days days before their assets are lifted off the market.
OAK PARK ranks 307th on the list of best yielding suburbs for rental properties in VIC, posting a 3.19% return.
OAK PARK, 3046 places 153rd in Australia based on median property value growth during the quarter.