If you compare the increase in value of investment property in Oak Park, 3046 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.53%.
Oak Park,3046 was ranked 1658 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Oak Park are currently offering property investors an average price cut of -4.84% below the asking price at the moment.
On average over the past year, suburb has had 6.58 sales per month, which equates to 79 per year.
The VIC suburb of Oak Park, 3046 is in the Moreland local government area.
Oak Park, 3046 ranked 71th in VIC when comparing growth in median property values or capital gain over the last 12 months. Oak Park is one of 2098 in our list for VIC
Comparing Oak Park,3046 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Oak Park 3046 should be seeing an average reduction in asking price of around -4.46% . This means that Oak Park is holding prices well when compared to other suburbs in VIC.
In the last year 71 properties changed hands in Oak Park, which puts it as the 131th most active market in VIC when comparing the number of sales per suburb.
Oak Park is 285th on a list of best yielding suburbs for rents in VIC with a 3.27% return