Giving property investors a an unimpressive capital gain of -6.56% for the last year, Oak Park, 3046 is the 2913th highest performer in Australia in this respect.
Across a shorter period, Oak Park, 3046 has seen a median price increase of -2.47% over the last quarter.
The most recent median price for Oak Park is $790000, with sellers offering an average of -7.28% off the asking price.
On average over the past year, suburb has had 5.58 sales per month, which equates to 67 per year.
The VIC suburb of Oak Park, 3046 is in the Moreland (C) local government area.
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 2.40%.
A 36.51% growth in median value for property investors in Oak Park,3046 puts this suburb at number 203th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Oak Park should be aiming for at least -6.21% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 49 properties changed hands in Oak Park, which puts it as the 116th most active market in VIC when comparing the number of sales per suburb.
A $417.5 per week rent on the median house gives suburb investors a gross yield of circa 3.37%, without taking into account capital value appreciation, which has been averaging out at 5.30%.