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

As of Feb 2026, Oak Park's population is estimated at around 7,252, reflecting an increase of 538 people since the 2021 Census, which reported a population of 6,714. This change was inferred from AreaSearch's resident population estimate of 7,194 following examination of ABS data releases up to June 2024, along with validation of additional addresses since the Census date. This level of population results in a density ratio of 3,572 persons per square kilometer, placing Oak Park in the upper quartile relative to national locations assessed by AreaSearch. Over the past decade, Oak Park has demonstrated resilient growth patterns with a compound annual growth rate of 1.4%, outpacing its 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 VIC State Government's Regional/LGA projections released in 2023, adjusted employing weighted aggregation methods 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 Oak Park expected to increase by 3,555 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 48.2% 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 allocated from statistical area data shows Oak Park had approximately 64 new homes approved each year over the past five financial years, totalling an estimated 323 homes. As of FY-26, 42 approvals have been recorded. On average, one new resident has arrived per new home annually between FY-21 and FY-25, indicating a balanced supply-demand market with stable conditions. The average construction value for new dwellings is $480,000, suggesting a focus on the premium segment.

In FY-26, $1.9 million in commercial approvals have been registered, reflecting a predominantly residential focus. Compared to Greater Melbourne, Oak Park has experienced elevated construction activity, with 40.0% more approvals per person over the past five years. This has preserved buyer options while sustaining property demand, although recent construction activity has eased. The dwelling mix shows 13.0% detached dwellings and 87.0% medium to high-density housing, creating affordable entry points for downsizers, investors, and first-home buyers. This shift from the current housing mix of 56.0% houses reflects reduced development site availability and changing lifestyle demands.

With around 176 people per dwelling approval, Oak Park exhibits growth area characteristics. According to AreaSearch's latest quarterly estimate, Oak Park is projected to grow by 3,497 residents by 2041. 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 to local infrastructure significantly influence an area's performance. AreaSearch identified 15 projects likely impacting the area. Notable ones 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 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.

Employment conditions in Oak Park demonstrate exceptional strength compared to most Australian markets

Oak Park has a highly educated workforce with professional services being well represented. Its unemployment rate is 2.4%, lower than Greater Melbourne's 4.8%. Employment stability in the area over the past year is indicated by AreaSearch aggregation of statistical area data.

As of December 2025, 4,522 residents are employed, with an unemployment rate of 2.4% and workforce participation at 76.4%, higher than Greater Melbourne's 71.3%. Census responses show that 39.9% of residents work from home, though Covid-19 lockdown impacts should be considered. Key industries for employment among residents are health care & social assistance, professional & technical, and education & training. Oak Park has a notable concentration in professional & technical services, with employment levels at 1.2 times the regional average.

Retail trade has limited presence, with 7.9% employment compared to 9.8% regionally. The predominantly residential area offers limited local employment opportunities, as indicated by the count of Census working population vs resident population. Over the 12 months to December 2025, labour force levels decreased by 0.7%, combined with employment decreasing by 0.3%, resulting in a fall in unemployment rate by 0.4 percentage points. In contrast, Greater Melbourne recorded employment growth of 2.4% and labour force growth of 2.8%, with unemployment rising by 0.3 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest that national employment is forecast to expand by 6.6% over five years and 13.7% over ten years, but growth rates differ significantly between industry sectors. 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, though this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections.

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

AreaSearch's latest postcode level ATO data for financial year 2023 shows that income in Oak Park is below the national average. The median income is $55,345 and the average income stands at $66,050. In Greater Melbourne, the median income is $57,688 and the average income is $75,164. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates for Oak Park would be approximately $59,911 (median) and $71,499 (average) as of September 2025. According to the 2021 Census, incomes in Oak Park rank highly nationally, between the 78th and 78th percentiles for households, families, and individuals. The income bracket of $1,500 - 2,999 is dominant, with 33.4% of residents (2,422 people), consistent with broader metropolitan trends at 32.8%. Higher earners are substantial, with 33.2% exceeding $3,000 weekly. Housing accounts for 14.2% of income, and residents rank high in disposable income at the 79th percentile nationally. The area's SEIFA income ranking places it in the 8th decile.

Oak Park displays a diverse mix of dwelling types, with above-average rates of outright home ownership

In Oak Park, as per the most recent Census evaluation, 56.0% of dwellings were houses, with the remaining 44.0% consisting of semi-detached homes, apartments, and other types of dwellings. In contrast, Melbourne metropolitan area had 67.9% houses and 32.1% other dwellings. Home ownership in Oak Park stood at 31.1%, similar to Melbourne metro's rate. The majority of dwellings were 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. Median weekly rent in Oak Park was $401, compared to Melbourne metro's $390. Nationally, Oak Park's mortgage repayments were significantly higher than the Australian average of $1,863, and 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 comprising 4.7%. 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 and above holding university qualifications. This figure exceeds the SA4 region's average of 27.7% and Australia's national average of 30.4%. The area's educational advantage is evident in its distribution of higher education credentials: Bachelor degrees are most prevalent at 27.4%, followed by postgraduate qualifications (11.6%) and graduate diplomas (4.0%). Vocational skills are also prominent, with 26.3% of residents aged 15 and above holding vocational credentials – including advanced diplomas (11.7%) and certificates (14.6%).

Educational participation is notably high in Oak Park, 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 22 active public transport stops, all of which are bus stops. These stops are served by four different routes that together facilitate 2,067 weekly passenger trips. The accessibility of these stops is rated as good, with residents typically located 211 meters from the nearest stop. Most residents in this primarily residential area commute outward using a car, which remains the dominant mode of transport at 75%. Train usage stands at 17%, and vehicle ownership averages 1.2 per dwelling. According to the 2021 Census, 39.9% of residents work from home, potentially due to COVID-19 conditions.

The service frequency across all routes averages 295 trips per day, equating to approximately 93 weekly trips per individual stop.

The level of general health in Oak Park is notably higher than the national average with both young and old age cohorts seeing low prevalence of common health conditions

Oak Park exhibits superior health outcomes according to AreaSearch's evaluation of mortality rates and chronic condition prevalence. Both young and elderly cohorts have low prevalence of common health conditions.

The area has a private health cover rate of approximately 53% (~3,839 people), slightly higher than the average SA2 area but lower than Greater Melbourne's 56.7%. Mental health issues and asthma are the most prevalent medical conditions, affecting 7.3% and 7.2% of residents respectively. Notably, 74.2% of residents claim to be completely free from medical ailments, compared to 72.6% across Greater Melbourne. Working-age residents demonstrate low chronic condition prevalence. The area has a lower proportion of seniors aged 65 and over at 13.4% (971 people), compared to Greater Melbourne's 15.1%. Health outcomes among seniors are above average, generally in line with the national rankings for the general 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's cultural diversity is notable, with 35.6% of its residents born overseas and 35.3% speaking a language other than English at home. Christianity is the predominant religion in Oak Park, accounting for 46.4% of the population. Hinduism is notably overrepresented compared to Greater Melbourne, comprising 7.1% versus 4.4%.

The top three ancestry groups are English (18.4%), Other (16.5%), and Australian (16.3%). Italian ethnicity is also significantly higher in Oak Park at 9.9%, compared to the regional average of 5.2%. Sri Lankan and Lebanese ethnicities show notable divergences, with Sri Lankans comprising 0.8% versus 0.8% regionally, and Lebanese making up 1.7% compared to 0.8%.

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. This is slightly below Australia's median age of 38. Oak Park has a higher percentage of residents aged 35-44 (18.9%) compared to Greater Melbourne but fewer residents aged 5-14 (10.0%). Since the 2021 Census, the proportion of residents aged 65-74 has increased from 6.1% to 7.5%. Conversely, the percentage of residents aged 25-34 has decreased from 18.8% to 17.6%. By 2041, Oak Park's age profile is projected to change significantly. The 45-54 cohort is expected to grow by 80%, adding 734 residents to reach a total of 1,648.