Oak Park has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.59% to date .
Oak Park,3046 was ranked 640 in Australia by increase in median property value over the quarter.
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 -2.25% is being offered, which puts this VIC suburb at 3707th most discounted overall in Australia.
With the median price for a house in Oak Park being $732675 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 2.80%
Investment property in Oak Park has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.51%
When looking at the potential capital gains offered to property investors over the last 3 years, Oak Park comes in at number 219th in VIC.
The most recent median price for Oak Park is $505000, with sellers offering an average of -3.98% off the asking price.
At number 282 in a list of fastest selling suburbs, Oak Park is in the TOP 20% of suburbs in Australia with an average of days on market 53.6 for properties listed there.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.