Suburb Profile Report for Oak Park VIC (3046)

Oak Park House: Median price $847,667, Annual capital growth 9.21%, Number of sales 80, Weekly median advertised rent $400

Oak Park Unit: Median price $519,000, Annual capital growth 5.97%, Number of sales 71, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Oak Park, 3046 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 25.58%.

Taking the average capital gain, or increase in median house value, Oak Park,3046 has racked up an average of 25.58% over the period. This ranks it number 366th in the whole country for real estate investors looking at median house price increases.

Oak Park3046 is located in VIC which offers an average discount of -5.71% to property investors. Oak Park itself is showing figures that indicate -2.42% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 6.67 sales per month, which equates to 80 per year.

Giving property investors a an average capital gain of 2.37% for the last year, Oak Park, 3046 is the 920th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Oak Park has given property investors a paper return of 0.84%. This puts Suburb as 201 on a list of fastest fasting appreciating suburbs in VIC

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Oak Park, 3046. Typically our figures indicate that -4.12% is being offered, which puts this VIC suburb at 1003th most discounted overall in Australia.

The VIC suburb of Oak Park, 3046 is in the Moreland local government area.

Metrics i HOUSE UNIT
$847,667 $519,000
12.27% 0.84%
25.58% 2.37%
9.21% 5.97%
$400 $360
80 71
2.45% 3.61%
76.4 65.05

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5772
Median household income ($/weekly) 1337
Median age of persons 36
Median housing loan repayment ($/monthly) 1907
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 614 10.6
    25-34 years 1030 17.8
    35-44 years 869 15.1
    45-54 years 775 13.4
    55-64 years 510 8.8
    Others 1974 34.2
    Age Group
    Census Count Percent(%)
    Registered Married 2225 49.8
    Not Married 1901 42.5
    Defacto Relationship 345 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3782 69.0
    Croatia 163 3.0
    Indonesia 229 4.2
    Japan 184 3.4
    Other 221 4.0
    Others 900 16.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 149 2.8
    Christianity 3449 65.3
    Hinduism 127 2.4
    Islam 332 6.3
    No Religion 1156 21.9
    Others 70 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 193 10.0
    $600-$799 183 9.5
    $1,250-$1,499 167 8.6
    $1,500-$1,999 235 12.1
    $2,000-$2,499 220 11.4
    Others 937 48.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1851 40.6
    Not in the labour force 1528 33.5
    Employed, worked part-time 815 17.9
    Employed, away from work 233 5.1
    Unemployed, looking for work 137 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 331 11.4
    Professionals 676 23.3
    Technicians & trades workers 412 14.2
    Clerical & administrative workers 539 18.6
    Sales 275 9.5
    Others 668 23.0
    Occupation
    Census Count Percent(%)
    Pre-school 78 6.1
    Infants/Primary 385 30.1
    Secondary 340 26.6
    Technical or Further Educational Institution 124 9.7
    University or other Tertiary Institutions 289 22.6
    Others 61 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4052 74.0
    Semi-detached, row or terrace house, townhouse 1201 21.9
    Flat, unit or apartment 217 4.0
    House or flat attached to a shop, office 9 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 812 38.9
    Being purchased 786 37.6
    Rented 483 23.1
    Other tenure type 9 0.4
    Tenure Type
Census 2011, ABS
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