Oak Park

Oak Park lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends

Based on AreaSearch's analysis of ABS population updates for the broader area, as of November 2025, Oak Park's estimated population is around 7,236. This reflects an increase of 522 people since the 2021 Census, which reported a population of 6,714. The change is inferred from AreaSearch's resident population estimate of 7,194 following examination of ABS's latest ERP data release in June 2024 and additional validation of 90 new addresses since the Census date. This results in a density ratio of 3,564 persons per square kilometer, placing Oak Park in the upper quartile relative to national locations assessed by AreaSearch. Over the past decade, from 2011 to 2021, Oak Park has demonstrated resilient growth patterns with a compound annual growth rate of 1.6%, outpacing the SA3 area. Population growth was primarily driven by overseas migration contributing approximately 73.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises the VIC State Government's Regional/LGA projections released in 2023, adjusting them employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group from these aggregations are applied across all areas for years 2032 to 2041. Moving forward with demographic trends, exceptional growth is predicted over the period with the Oak Park statistical area (Lv2) expected to increase by 3,572 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 49.1% in total over the 17 years.

Recent residential development output has been above average within Oak Park when compared nationally

AreaSearch analysis of ABS building approval numbers for Oak Park shows around 63 new homes approved each year over the past 5 financial years, totalling an estimated 318 homes. So far in FY26, 41 approvals have been recorded. On average, 1.1 new residents arrive per new home annually between FY21 and FY25, indicating balanced supply and demand with stable market conditions. However, this has accelerated to 4.4 people per dwelling over the past 2 financial years, suggesting increasing demand and tightening supply. Development projects average $480,000 in construction value, reflecting a focus on premium properties.

This year, Oak Park has registered $1.9 million in commercial approvals, predominantly residential. Compared to Greater Melbourne, Oak Park records elevated construction activity at 38.0% above the regional average per person over the past 5 years. New building activity comprises 12.0% detached dwellings and 88.0% medium and high-density housing, creating more affordable entry points for downsizers, investors, and first-home buyers. This shift reflects reduced development site availability and changing lifestyle demands. With around 185 people per dwelling approval, Oak Park is considered a growth area.

By 2041, it is expected to grow by 3,553 residents. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing buyer competition and supporting stronger price growth.

Oak Park has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified 15 projects that may affect this region. Notable projects include M-City 2 - Oak Park, Fame Apartments, Oak Park Sports and Aquatic Centre Redevelopment, and Glenroy Structure Plan. The following list details those most likely to be relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

The labour market in Oak Park shows considerable strength compared to most other Australian regions

Oak Park has a highly educated workforce with strong representation in professional services. Its unemployment rate is 2.8%, with an estimated employment growth of 1.4% over the past year, according to AreaSearch's aggregation of statistical area data.

As of September 2025, 4,549 residents are employed, with an unemployment rate of 1.8% below Greater Melbourne's rate of 4.7%. Workforce participation in Oak Park is 69.8%, compared to Greater Melbourne's 64.1%. Key industries of employment among residents are health care & social assistance, professional & technical, and education & training. Oak Park has a particular specialization in professional & technical services, with an employment share of 1.2 times the regional level.

However, retail trade is under-represented, with only 7.9% of Oak Park's workforce compared to Greater Melbourne's 9.8%. Over the 12 months to September 2025, employment increased by 1.4%, while labour force increased by 1.7%, causing the unemployment rate to rise by 0.3 percentage points in Oak Park. In contrast, Greater Melbourne experienced employment growth of 3.0% and a labour force growth of 3.3%, with a 0.3 percentage point rise in unemployment rate. State-level data from 25-Nov shows Victoria's employment grew by 1.13% year-on-year, adding 41,950 jobs, with the state unemployment rate at 4.7%. National employment forecasts from May-25 suggest national employment will expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Oak Park's employment mix suggests local employment should increase by 6.8% over five years and 13.9% over ten years.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

The median taxpayer income in Oak Park is $55,345, with an average of $66,050, based on postcode level ATO data aggregated by AreaSearch for the financial year 2023. This is lower than Greater Melbourne's median income of $57,688 and average income of $75,164. By September 2025, estimated incomes would be approximately $59,911 (median) and $71,499 (average), considering an 8.25% Wage Price Index growth since the financial year 2023. Oak Park ranks highly nationally for household, family, and personal incomes, between the 78th and 78th percentiles. The largest earnings segment comprises 33.4% earning $1,500 - $2,999 weekly, with 2,416 residents falling into this category. This aligns with the surrounding region where this cohort also represents 32.8%. Oak Park demonstrates considerable affluence with 33.2% earning over $3,000 per week, supporting premium retail and service offerings. Housing accounts for 14.2% of income, while strong earnings rank residents within the 79th percentile for disposable income. The area's SEIFA income ranking places it in the 8th decile.

Oak Park displays a diverse mix of dwelling types, with ownership patterns similar to the broader region

In Oak Park, evaluated at the latest Census, 56.0% of dwellings were houses, with the remaining 44.0% consisting of semi-detached homes, apartments, and other types of dwellings. In comparison, Melbourne metro had 62.8% houses and 37.2% other dwellings. Home ownership in Oak Park was 31.1%, similar to Melbourne metro's level. The rest of the dwellings were either mortgaged (37.0%) or rented (31.9%). The median monthly mortgage repayment in Oak Park was $2,167, higher than Melbourne metro's average of $2,000. The median weekly rent figure in Oak Park was $401, compared to Melbourne metro's $381. Nationally, Oak Park's mortgage repayments were significantly higher than the Australian average of $1,863, while rents exceeded the national figure of $375.

Oak Park features high concentrations of group households, with a lower-than-average median household size

Family households account for 70.9% of all households, including 32.5% couples with children, 27.1% couples without children, and 9.9% single parent families. Non-family households constitute the remaining 29.1%, with lone person households at 24.3% and group households making up 4.7% of the total. The median household size is 2.5 people, which is smaller than the Greater Melbourne average of 2.6.

Oak Park shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Educational attainment in Oak Park is notably high, with 43.0% of residents aged 15 years and above holding university qualifications. This figure surpasses the broader benchmark for the SA4 region at 27.7%, and also exceeds the national average of 30.4%. The area's strong educational attainment positions it well for knowledge-based opportunities, with bachelor degrees being the most common at 27.4%, followed by postgraduate qualifications at 11.6% and graduate diplomas at 4.0%. Vocational credentials are also prominent in Oak Park, with 26.3% of residents aged 15 years and above holding such qualifications.

This includes advanced diplomas held by 11.7% of residents and certificates held by 14.6%. Educational participation is notably high in the area, with 28.3% of residents currently enrolled in formal education. This includes 8.3% in primary education, 6.6% in tertiary education, and 5.4% pursuing secondary education.

Transport servicing is moderate compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Oak Park has 21 operational public transport stops offering a mix of train and bus services. These stops are served by four distinct routes, collectively facilitating 2,067 weekly passenger trips. The accessibility of these transport services is rated as good, with residents located an average of 211 meters from the nearest stop.

On a daily basis, there are approximately 295 trips across all routes, which translates to about 98 weekly trips per individual stop.

Oak Park's residents boast exceedingly positive health performance metrics with younger cohorts in particular seeing very low prevalence of common health conditions

Health outcomes data shows excellent results across Oak Park, with younger cohorts experiencing particularly low prevalence of common health conditions.

The rate of private health cover is approximately 53%, higher than the average SA2 area (~3,831 people). Mental health issues and asthma were found to be the most common medical conditions in the area, affecting 7.3% and 7.2% of residents respectively. A total of 74.2% of residents reported being completely free from medical ailments, compared to 72.2% across Greater Melbourne. Oak Park has 12.7% of residents aged 65 and over (918 people), lower than the 14.0% in Greater Melbourne. Health outcomes among seniors require more attention than those of the broader population.

Oak Park was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Oak Park has a high level of cultural diversity, with 35.6% of its population born overseas and 35.3% speaking a language other than English at home. Christianity is the predominant religion in Oak Park, making up 46.4% of the population. Hinduism is notably overrepresented in Oak Park compared to Greater Melbourne, comprising 7.1% versus 6.2%.

The top three ancestry groups are English (18.4%), Other (16.5%), and Australian (16.3%). Italian, Sri Lankan, and Lebanese ethnicities show notable divergences: Italian is overrepresented at 9.9% in Oak Park compared to the regional figure of 12.9%, Sri Lankan is at 0.8% versus 0.6%, and Lebanese is at 1.7% versus 4.2%.

Oak Park's population is slightly younger than the national pattern

Oak Park has a median age of 36 years, nearly matching Greater Melbourne's average of 37 and slightly below Australia's median of 38. Compared to Greater Melbourne, Oak Park has a higher proportion of residents aged 35-44 (18.9%) but fewer residents aged 5-14 (10.0%). Between the 2021 Census and now, the proportion of residents aged 65-74 has increased from 6.1% to 7.1%, while the proportion of those aged 25-34 has decreased from 18.8% to 18.2%. By 2041, Oak Park's age profile is projected to change significantly. The 45-54 age group is expected to grow by 86%, adding 762 residents and reaching a total of 1,645.