If you compare the increase in value of investment property in Oak Park, 3046 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 2.57%.
The five-year average increase in median property values for Oak Park,3046 has given property investors a potential capital gain of 67.27% across each of those five years.
Oak Park3046 is located in VIC which offers an average discount of -5.19% to property investors. Oak Park itself is showing figures that indicate -5.51% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Oak Park the average time real estate has been on the market is 36.85 days.
Oak Park is 473th on a list of best yielding suburbs for rents in VIC with a 2.43% return
Property value increases in Oak Park have tracked higher than the VIC average of 7.50% over the last 12 months.
Taking the average capital gain, or increase in median house value, Oak Park,3046 has racked up an average of 17.51% over the period. This ranks it number 311th in the whole country for real estate investors looking at median house price increases.
Oak Park3046 is located in VIC which offers an average discount of -4.65% to property investors. Oak Park itself is showing figures that indicate -3.31% is the average achievable by property buyers investing in the suburb.
In the last year 61 properties changed hands in Oak Park, which puts it as the 126th most active market in VIC when comparing the number of sales per suburb.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 3.28%, without taking into account capital value appreciation, which has been averaging out at 5.25%.