Property value increases in Oak Park have tracked close to the VIC average of 8.96% over the last 12 months.
Taking the average capital gain, or increase in median house value, Oak Park,3046 has racked up an average of 10.47% over the period. This ranks it number 701th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Oak Park are currently offering property investors an average price cut of -2.32% below the asking price at the moment.
Situated 10.69km from the CBD, Oak Park is one of Moreland localities in the postcode 3046.
Oak Park has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 2.94% to date .
Over the longer term, Oak Park has seen property prices show investors a 9.27% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -3.50% to buyers in Oak Park at the moment, which is less than average for the rest of VIC.
With the median price for a house in Oak Park being $514675 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.54%