Giving property investors a an unimpressive capital gain of -4.14% for the last year, Oak Park, 3046 is the 3159th highest performer in Australia in this respect.
Comparing Oak Park,3046 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Oak Park are currently offering property investors an average price cut of -4.03% below the asking price at the moment.
Property value increases in Oak Park have tracked just higher than the VIC average of 2.97% over the last 12 months.
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.
LACK OF BUYER INTEREST may well be the reason that Oak Park is offering property investors an average of -5.13. This rate of discount on properties puts Suburb at number 128th in terms of most discounted suburbs in VIC
At number 383 in a list of fastest selling suburbs, Oak Park is in the TOP 30% of suburbs in Australia with an average of days on market 53.73 for properties listed there.
With the median price for a house in Oak Park being $629900 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.30%