With a capital gain of 13.08% for the last 12 months, Oak Park, 3046 has performed for property investments than its average annual 7.95% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Oak Park has increased when compared to the 5 year average annual rate.
Property buyers and investors in Oak Park 3046 should be seeing an average reduction in asking price of around -1.77% . This means that Oak Park is holding prices well when compared to other suburbs in VIC.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 7.95%, investors should hope to achieve an overall return of 2.76%
Oak Park is an average performer in VIC when comparing median price capital growth over the last year. Oak Park gave property investors a average capital gain figure when compared to the rest of the state, with 4.54%.
Taking the average capital gain, or increase in median house value, Oak Park,3046 has racked up an average of 4.54% over the period. This ranks it number 1009th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Oak Park itself are offering an average vendor discount of -3.98% to real estate investors.
On average over the past year, suburb has had 5.67 sales per month, which equates to 68 per year.
Property investors should expect to get $350 weekly from the median priced house in this suburb.