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Oak Park
VIC, 3046 - Moreland

Thinking about buying in Oak Park? Now could not be a better time, with 3741 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,192,000 with prices in this suburb ranging from $266,000 to $10,698,000. Oak Park is located fairly close to the coast at just 9Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $407.11
Median Monthly Mortgage $2050.83
Median Persons Per Bedroom 0.86
Average Household Size 2.50
Average Age 35.94
Average Income $984.50
Average Cars Per Dwelling 1.67
Average Properties Within 50M 21

Housing Stock

Average Property Prices

1 Bed  $751,000
2 Bed  $785,000
3 Bed  $1,279,000
4 Bed  $1,589,000
5 Bed  $1,920,000
6 Bed+$1,663,000

Oak Park Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Oak Park driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Oak Park ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Oak Park classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Oak Park requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Houses for sale Oak Park

Nelson Alexander unit 4, 48 watt av, oak park, vic, 3046 Beds1 Bathrooms1 Parking 1 Private Sale $749,000
Nelson Alexander unit 5, 34 josephine st, oak park, vic, 3046 Beds1 Bathrooms1 Parking 1 Private Sale $550,000
Nelson Alexander unit 10, 148 waterloo rd, oak park, vic, 3046 Beds Bathrooms Private Sale $510,000
Nelson Alexander unit 3, 14 marie st, oak park, vic, 3046 Beds3 Bathrooms1 Parking 2 Private Sale $790,000
Ray White unit 2, 168 waterloo rd, oak park, vic, 3046 Beds2 Bathrooms1 Parking 1 499000
Ray White 12 magnolia st, oak park, vic, 3046 Beds4 Bathrooms3 Parking 2 1550000
Woodards 98a devereaux st, oak park, vic, 3046 Beds4 Bathrooms3 Parking 2 $990,000 - $1,050,000

Local Schools

Oak Park Primary School

St Francis de Sales School

Strathmore North Primary School

Pascoe Vale Girls Secondary College

Westbreen Primary School

Glenroy Central Primary School

Glenroy Secondary College

Glenroy West Primary School

Corpus Christi School

Strathmore Primary School

(While the above schools are located with the suburb of Oak Park there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Oak Park weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.315.027.739.086.35.324.8
Feb1.315.126.942.389.04.920.6
Mar1.213.724.843.588.74.616.0
Apr1.610.921.148.291.34.311.7
May1.48.617.156.692.24.78.5
Jun1.46.514.464.194.34.37.4
Jul1.26.514.061.692.95.27.7
Aug1.46.714.954.892.05.410.2
Sept1.78.117.947.790.75.414.4
Oct1.69.520.744.590.75.319.0
Nov2.311.523.143.990.35.121.4
Dec1.813.225.641.088.35.124.8

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

Essendon FieldsStrathmoreStrathmore HeightsGlenroyPascoe ValeGowanbraeEssendon NorthHadfieldAirport WestJacana

Public Transport


General Points of Interest

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