Oak Park, VIC 3046
Moreland City, Victoria
Good to Know
Oak Park, VIC 3046 is a high-value house market in the City of Merri-bek area, currently positioned as a long-hold capital growth submarket. Located about 12 km north of the Melbourne CBD, Oak Park is home to roughly 6,714 adults across approximately 3,377 dwellings and shows a low vacancy rate of 0.76%.
According to HtAG Analytics, Oak Park is exhibiting a tight rental market with broadly balanced sales supply. Stock on Market sits at 0.56% and Inventory at 2.59 months — close to the ~3-month balanced-market threshold — driving +7.4% YoY price growth and +5.8% YoY rent growth.
What the market data is signalling
Oak Park's recent price growth of +7.4% is outpacing rent growth of +5.8% , which is typical of markets where capital gains are leading returns. At the same time, the gross yield sits at 2.81%, which is below the commonly recommended 3% threshold — indicating lower cashflow margins for landlords. Low vacancy at 0.76% is keeping rental pressure high, while sales inventory (2.59 months) and Stock on Market (0.56%) remain roughly balanced. For a visual of how Oak Park sits in the current cycle, see the Markets in the Moment (MiM™) heatmap.
Who lives in Oak Park — and why it matters for investors
Oak Park has a strong socio-economic profile with an IRSAD of 1066, above the suggested minimum of 927, which usually correlates with more stable demand and lower downside volatility over long cycles. The renter/owner split is 31.0% renters (neutral) and the units/houses mix is 42.0% units (neutral), meaning tenure and dwelling-type balance are not extreme drivers of short-term volatility. For evidence on how IRSAD links to market behaviour, see the IRSAD Crossover study.
Why suburb-level data matters for Oak Park
Suburb-level metrics give the clearest signal for local investment decisions because council or LGA averages can hide distinct pockets. Oak Park's own profile — typical house price $1,225,794, gross yield 2.81%, Stock on Market 0.56%, Inventory 2.59 months and days on market 22 — should be the primary inputs when sizing risk and hold-period assumptions. Read more on why granular screening matters in our LGA vs Suburb research.
Download the full Oak Park data guide for the complete set of suburb-level charts and exportable figures.
What's behind the RCS™ score of 63
HtAG's RCS™ of 63 is a composite that bundles three independent dimensions — risk minimisation, capital-growth potential and cashflow resilience — into a single score to help match a market to investor strategy. Each sub-score can tell a different story (for example, strong capital growth but weaker cashflow), so always check the breakdown rather than relying on the headline alone. Learn more about how the RCS™ is built. To explore Oak Park interactively, open Oak Park in HtAG Copilot.
Forward signals to watch
The vacancy rate — currently 0.76%: sustained low vacancy over 12–24 months typically supports continued rental growth and tight tenant markets, increasing bargaining power for landlords.
The building approvals ratio — currently 2.57%: readings above ~2% signal elevated new-construction activity which, if sustained, can add supply and eventually temper price and rent momentum.
The Melbourne cycle phase: a city-wide cycle shift (slowing or accelerating) would affect local momentum in Oak Park — an acceleration could amplify price gains, while a broad slowdown would likely reduce upside and extend holding horizons.
Does this area meet your investment goals?
Get full accessCritical to know
RCS Breakdown
Oak Park's RCS™ headline is an overall signal — but it doesn't tell you why. The three sub-scores below reveal whether that score is earned through risk minimisation, capital growth, or cashflow — and which portfolio brief it fits.
starter
Investor
Pro
Critical to know
Market Trends
Oak Park's headline values — $1,225K to buy and $661PW to rent, a 2.8% gross yield. Over the past decade, prices have moved 50.98% and rents 68.45% — the Yield series shows whether that gap is widening (price outpacing rent, yield compressing) or closing.
$1,225K is today. The 10-year trajectory reveals whether that's the top of a run, the start of a new leg, or somewhere mid-cycle. Sign up to unlock the entire trend line.
$661PW today, with rent growth at (+5.75% YoY) compared to price growth (+7.43%). That spread determines yield is expanding or compressing across the next cycle. Sign up to unlock the entire trend line.
Where is Oak Park in its cycle - and is the 2.8% yield holding?
Cycle phase tells you whether you're buying near the bottom (room to run) or top (compression ahead). Yield trajectory tells you whether cashflow is durable or being eroded — the single most important question for a long-hold thesis.
Cycle Phase
Cycle Position
Yield Trajectory
Rent vs Price Spread
Investor
Pro
Area Risks
Property data alone won't flag the structural risks that can erode a long-hold position. Bushfire overlays, flood-zone exposure, and economic concentration sit outside the price feed but determine whether your capital is insurable, defensible, and structurally protected. Unlock to see.
Are there hidden structural risks shaping Oak Park's long-hold story?
Beyond the headline price, Oak Park carries risk signals a median can't show — hazard exposure from bushfire and flood overlays, and how narrowly local employment leans on a handful of sectors (the concentration the EDI score quantifies). Together these separate insurable, defensible long-holds from those carrying tail-risk that never surfaces in the headline number.
MADI Risk
EDI Risk
Bushfire
Flood
Investor
Pro
Critical to know
Supply & Demand
Oak Park's headline numbers show where the market is today. The two cards below answer where it's heading. Direction is what separates a buy from a wait.
Is housing supply tightening or building up?
Stock on Market is one number — the trend is what matters. SoM, inventory, building approvals and hold period together reveal whether the market is starving for stock (price pressure up) or quietly building a pipeline (pressure down).
Stock on Market
Inventory
Building Approvals
Hold Period
Is buyer and renter demand heating up or cooling off?
Vacancy is one signal — the real question is whether demand is still building or quietly peaking. Days on market, vacancy, search index and clearance rate are the four pulse-points — when they diverge, they signal a turning point.
Days on Market
Vacancy Rate
Search Index
Clearance Rate
Investor
Pro
Critical to know
Fundamentals
Oak Park can look solid on the surface — but the three layers below separate markets that genuinely hold value from ones that only look like they do.
Is Oak Park genuinely stable - or just expensive?
IRSAD hints at affluence, but socio-economic strength alone doesn't guarantee resilience. Combined with the renter-to-owner balance and unit-to-house ratio, you get the three signals that separate a tightly-held submarket from one carrying hidden volatility.
IRSAD
Renter to Owner
Units to Houses
Where do Oak Park prices go over the next 12 months?
Today's headline price is just a snapshot. Projected ROI and the volatility index tell you whether to commit capital now, wait for a softer entry, or rotate into a steadie submarket.
Projected Annual ROI
Volatility Index
Can you actually buy into Oak Park - and exit cleanly?
Tightly-held areas reward long-hold investors but punish anyone who needs liquidity. Annual sales and rental volume reveal whether your capital can reposition — or sits structurally locked in.
Annual Sales Volume
Annual Rental Volume
Investor
Pro
Important to know
Education & Infrastructure
Oak Park looks tightly-held and stable on the surface — but the three layers below separate areas that genuinely hold value from ones that only look like they do.
Does Oak Park's school catchment + infrastructure pipeline justify the price?
School ranks anchor family demand and tenant quality. The active infrastructure pipeline shifts a suburb's price ceiling over the next 5–10 years. Together they tell you whether Oak Park has structural support for the next leg of capital growth.
School Rank
Hospitals & Employment
Infrastructure Spend
Transport Projects
Investor
Pro
Full HtAG Intelligence
Oak Park shows potential. The platform tells you whether it's the best fit for your portfolio.
Price and yield are only the surface. HtAG reads the forces underneath — supply tightening or loosening, demand heating or cooling, and the risks that move slowly but decide long-term growth. Together they show whether Oak Park has the structural support for its next leg — or whether the numbers are running ahead of the fundamentals.
The total adult population (15 years or older) of Oak Park 3046 VIC is 5,589, with a median age of 36. Of those, 46.63% are married, 9.50% are divorced or separated, 39.67% are single and 4.26% are widowed.
The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $10,552. The median monthly mortgage repayment for households in this suburb is $2,167 which is 20.54% of their earnings.
Source: ABS Census Data (2021)