With a capital gain of 11.11% for the last 12 months, Oak Park, 3046 has performed for property investments than its average annual 8.27% property growth over the last 5 years.
Across a shorter period, Oak Park, 3046 has seen a median price increase of 3.33% over the last quarter.
The most recent median price for Oak Park is $775000, with sellers offering an average of -2.42% off the asking price.
On average over the past year, suburb has had 6.42 sales per month, which equates to 77 per year.
If you compare the increase in value of investment property in Oak Park, 3046 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 2.37%.
Over the longer term, Oak Park has seen property prices show investors a 10.43% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Oak Park should be aiming for at least -4.20% off the asking price, which is the average vendor discount being achieved at the moment.
Oak Park, 3046’s gross rental yield is 3.61%