All About Oak Park, Moreland, VIC, 3046

Oak Park, located in the City of Moreland in Victoria, is known for its family-friendly atmosphere and growing appeal among homebuyers. The housing market in Oak Park has experienced significant interest over the past few years, largely due to its proximity to Melbourne's central business district and its well-connected public transport options, including the Oak Park train station. This suburb presents a mix of housing styles, from the established mid-20th century homes to newer developments, appealing to a diverse range of buyers. While property prices have risen in line with broader trends in Melbourne, Oak Park is still considered relatively affordable compared to inner-city areas, making it an attractive option for first-time buyers and young families. The area's strong community setting, coupled with local amenities like parks, schools, and shopping options, continues to bolster its real estate appeal.

Living in Oak Park offers a blend of suburban tranquility and urban convenience. Residents enjoy access to a number of recreational spaces, such as the Moonee Ponds Creek Trail and several community parks, which provide ample opportunities for outdoor activities and family outings. The suburb maintains a peaceful environment while being just a short commute away from the hustle and bustle of Melbourne's city center, ideal for those seeking a quieter lifestyle without sacrificing access to city life. Community events and a range of local clubs and associations contribute to a strong sense of community, making Oak Park a welcoming and inclusive place to live. With a focus on family-oriented living and convenience, the suburb offers a balanced lifestyle that appeals to both young professionals and established families.

Oak Park Real Estate Market Outlook

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.

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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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