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Investment Property Oak Park, VIC, 3046

Suburb Snapshot

Oak Park is a suburb in the Moreland Region of Victoria. Oak Park has a population of 6,205 people and 25.15% of its occupants live in rental accommodation. The median listing price for houses is $990,000 and this has changed -5.72% over the past year and changed 3.66% over 2 years.

The median rent in Oak Park for houses is $620 per week and the median rental yield is 3.25%. Stock on the market for houses/townhouses has changed 0.00% compared to last year and the average time to sell a house/townhouse is 74 days.The median listing price for units is $540,000 and this has changed 9.09% over the past year. The average unit takes 95 days to sell and the median rent for a unit in Oak Park is $475 per week, producing a rental yield of 4.57%.

Supply & Demand in Oak Park, Moreland

1.00%

Current vacancy rate


33

Rental stock available


6,205

Population


25.15%

Rental population


1.05%

Current vacancy rate


904

Rental stock available


162,560

Population


33.21%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Oak Park, Moreland

  House Townhouses Units
Median listing price $990,000 $675,000 $540,000
Median price change - last quarter 0.00% -1.46% -0.47%
Median price change - 1 year -5.72% 4.65% 9.09%
Median price change - 2 years 3.66% 3.84% 3.84%
  House Townhouses Units
Median weekly rent $620 $550 $475
Median yield % 3.25% 4.23% 4.57%
Median rent change - 1 year 12.72% 4.76% 10.46%
  House Units
Previous month sales 7 1
Stock on market previous month 32 14
Stock variance vs. last year 0.00% 16.67%
Average days on market 74 95

Oak Park investment property listings

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