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City of Merri-bek

Oak Park

Oak Park Property Market
& Suburb Profile

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MEDIAN PRICES IN OAK PARK

Median house price

(all agencies, last 12 months)$1.1m*

House price change

(all agencies, last 12 months)+0.48%

Median unit price

(all agencies, last 12 months)$655k*

Unit price change

(all agencies, last 12 months)+0.77%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

OAK PARK price TRACKER

HousesUnits

Oak Park sales overview

  • Sold by Auction 60%
  • Sold by Private Sale or Other Method 40%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)27

Average days on market (units)

(all agencies, 12 months)30

Auction clearance rate in Oak Park

(all agencies, last 12 months)60%

Average held period in Oak Park

(proptrack)13 years

Oak Park Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$635pw

House rental price change

(all agencies, last 12 months)0.03%

Median rental price for Units

(all agencies, last 12 months)$547pw

Unit rental price change

(all agencies, last 12 months)0.03%

Average rental yield for Houses

(all agencies, last 12 months)3.32%

Average rental yield for Units

(all agencies, last 12 months)4.16%

Oak Park total population size

(as at the last census)6,714

Median household size in Oak Park

(as at the last census)2.5

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Oak Park property types

  • Houses 22%
  • Units 44%
  • Other 34%

OCCUPANCY in Oak Park

  • Owned 67%
  • Rented 31%
  • Other/Not Stated 2%
  • Singles 24%
  • Families 71%
  • Other 5%

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About Oak Park

Welcome to Oak Park, a charming and vibrant suburb nestled in the north-west of Melbourne, Victoria. With its rich history, family-friendly atmosphere, and excellent amenities, Oak Park is an ideal choice for prospective homebuyers seeking a balanced lifestyle close to the city.

A Glimpse into Oak Park's History

Oak Park boasts a rich historical background, dating back to its establishment in the early 1900s. Originally farmland, the area has transformed into a thriving residential suburb, retaining much of its historical charm. The suburb's name, derived from the significant number of oak trees in the area, reflects its lush, green environment.

Location and Accessibility

Situated approximately 11 kilometers from Melbourne's Central Business District (CBD), Oak Park offers the perfect blend of suburban tranquility and city convenience. The suburb is well-connected by public transport, with the Oak Park railway station on the Craigieburn line providing a quick commute to the city. Additionally, major roads such as the M2 CityLink and Pascoe Vale Road offer easy access by car.

Community and Lifestyle

Oak Park is renowned for its strong sense of community and welcoming atmosphere. Families, young professionals, and retirees alike enjoy the suburb’s friendly vibe and diverse population. The suburb is dotted with parks and recreational facilities, including the popular Oak Park Sports and Aquatic Centre, which offers a range of activities for all ages.

Education

For families with children, Oak Park provides access to quality education options. The suburb is home to Oak Park Primary School, a well-regarded institution known for its strong academic program and community involvement. Nearby secondary schools include Pascoe Vale Girls College and Glenroy College, both offering excellent educational opportunities.

Real Estate and Housing

The housing market in Oak Park is diverse, catering to various preferences and budgets. From charming period homes to modern apartments, there is something for everyone. According to Domain, the median house price in Oak Park as of June 2023 is approximately $850,000, reflecting the suburb's desirability and potential for growth (Domain, 2023).

Amenities and Services

Oak Park residents benefit from a wide range of amenities and services. The suburb boasts a variety of shopping options, from local boutiques to major retail centers like DFO Essendon and Westfield Airport West. Healthcare services are also readily available, with several medical centers and pharmacies within easy reach.

Parks and Recreation

Green spaces are a hallmark of Oak Park, providing residents with ample opportunities for outdoor activities. The picturesque Moonee Ponds Creek Trail is perfect for cycling and walking, while the serene Rayner Reserve offers a peaceful retreat for picnics and family gatherings. Additionally, the local Oak Park Tennis Club and football clubs cater to sports enthusiasts.

Dining and Entertainment

Food lovers will delight in Oak Park's diverse dining scene. The suburb and its surroundings offer a variety of cafes, restaurants, and eateries serving a range of cuisines. From cozy coffee shops to fine dining establishments, there's something to satisfy every palate.

Disclaimer: The information provided in this suburb profile is intended as a general guide only. While every effort has been made to ensure accuracy, the content may not reflect the most current data or developments. Readers should verify any information independently before making any decisions based on the details presented. The suburb profile is subject to change and should not be relied upon as a sole source of information.

Education

Oak Park Primary School
St Francis de Sales School
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Sales Comparison

Find out how Oak Park median sales prices compare to neighbouring suburbs.

Oak Park MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025145$852,5000.48%227$591pw3.74%
2024147$837,500-2.38%258$575pw3.84%
2023163$835,000-4.55%245$545pw3.64%
2022196$860,750-3.08%329$474pw3.31%
2021237$891,25026.11%341$438pw2.84%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025145$852,500+0.48%
2024147$837,500-2.38%
2023163$835,000-4.55%
2022196$860,750-3.08%
2021237$891,250+26.11%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025227$591pw3.74%
2024258$575pw3.84%
2023245$545pw3.64%
2022329$474pw3.31%
2021341$438pw2.84%

PROUDLY SERVICING Oak Park

Barry Plant
Glenroy

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.