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 February 2026, the estimated population of the suburb of Oak Park is around 7,252, reflecting an increase of 538 people since the 2021 Census. This growth represents an 8.0% increase from the previous population count of 6,714. The latest estimate, 7,194 residents, was calculated by AreaSearch following examination of the June 2024 ABS ERP data release and validation of additional 95 new addresses since the Census date. This results in a population density ratio of approximately 3,572 persons per square kilometer, placing Oak Park in the upper quartile relative to other locations assessed by AreaSearch. Over the past decade, ending in June 2024, Oak Park has demonstrated resilient growth patterns with a compound annual growth rate of 1.6%, outpacing the SA3 area. Overseas migration contributed approximately 73.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area released in 2024, using 2022 as the base year. For areas not covered by this data, AreaSearch utilises VIC State Government's Regional/LGA projections released in 2023 with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Based on aggregated SA2-level projections, exceptional growth is predicted over the period, with the suburb expected to increase by 3,574 persons to reach a total population of approximately 10,826 by 2041, reflecting an increase of 48.8% 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 around 63 new homes approved each year over the past 5 financial years, totalling an estimated 318 homes. As of FY26, 41 approvals have been recorded. Over these 5 years, an average of 1.1 new residents per new home was seen, suggesting balanced supply and demand with stable market conditions. However, this has increased to 4.4 people per dwelling over the past 2 financial years, indicating rising demand and tightening supply. Development projects averaged $480,000 in construction value, reflecting a focus on premium segment properties.

This year, Oak Park registered $1.9 million in commercial approvals, predominantly for residential development. Compared to Greater Melbourne, Oak Park's construction activity was 38.0% higher per person over the past 5 years, offering reasonable buyer options while sustaining property demand. Recently, however, construction activity has eased. New building activity comprised 12.0% detached dwellings and 88.0% medium to high-density housing, creating more affordable entry points for downsizers, investors, and first-home buyers. This shift from the current housing mix of 56.0% houses is due to reduced development site availability and changing lifestyle demands.

With around 185 people per dwelling approval, Oak Park exhibits growth area characteristics. AreaSearch's latest quarterly estimate projects Oak Park's population to grow by 3,537 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 impact an area's performance. AreaSearch identified 15 projects likely affecting 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 expected to be most relevant.

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

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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 2.9%, with an estimated employment growth of 1.4% over the past year (AreaSearch data aggregation). As of September 2025, 4,556 residents are employed, with an unemployment rate of 1.8% below Greater Melbourne's rate of 4.7%.

Workforce participation in Oak Park is 77.6%, compared to Greater Melbourne's 71.0%. According to Census responses, 39.9% of residents work from home, potentially influenced by Covid-19 lockdowns. Key industries for employment among residents are health care & social assistance, professional & technical services, and education & training. Oak Park specializes in professional & technical jobs, with an employment share 1.2 times the regional level, but retail trade is under-represented at 7.9% compared to Greater Melbourne's 9.8%.

Over the year to September 2025, employment increased by 1.4%, while labour force grew by 1.7%, raising the unemployment rate by 0.3 percentage points (AreaSearch analysis of SALM and ABS data). In contrast, Greater Melbourne had employment growth of 3.0% and labour force growth of 3.3%. Jobs and Skills Australia's national employment forecasts from May-25 suggest potential future demand within Oak Park. Applying these projections to Oak Park's employment mix indicates 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 account for localized population projections.

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

The suburb of Oak Park shows a median taxpayer income of $55,345 and an average of $66,050 according to the latest postcode level ATO data aggregated by AreaSearch for financial year 2023. This is just below the national average, contrasting with Greater Melbourne's median income of $57,688 and average income of $75,164. Based on Wage Price Index growth of 8.25% since financial year 2023, current estimates would be approximately $59,911 (median) and $71,499 (average) as of September 2025. Census data reveals household, family and personal incomes all rank highly in Oak Park, between the 78th and 78th percentiles nationally. The earnings profile shows the largest segment comprises 33.4% earning $1,500 - 2,999 weekly (2,422 residents), aligning with the surrounding region where this cohort likewise 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 and 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 latest Census evaluation, 56.0% of dwellings were houses, with the remaining 44.0% being semi-detached, apartments, or other types. This contrasts with Melbourne metro's 67.9% houses and 32.1% other dwellings. Home ownership in Oak Park stood at 31.1%, similar to Melbourne metro's level, with mortgaged dwellings at 37.0% and rented ones at 31.9%. The median monthly mortgage repayment in Oak Park was $2,167, higher than Melbourne metro's $2,000. Weekly rent median was $401, compared to Melbourne metro's $390. Nationally, Oak Park's mortgage repayments exceeded the Australian average of $1,863, and rents were above the national figure of $375.

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

Family households constitute 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 account for 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 years and over holding university qualifications. This compares to 27.7% in the SA4 region and 30.4% nationally. Bachelor degrees are most prevalent at 27.4%, followed by postgraduate qualifications (11.6%) and graduate diplomas (4.0%). Vocational credentials are also prominent, with 26.3% of residents aged 15 years and over holding these qualifications – advanced diplomas (11.7%) and certificates (14.6%).

Educational participation is high, 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 operational public transport stops, all serving buses. These stops are covered by four different routes, together offering 2,067 weekly passenger trips. The area's transport accessibility is deemed good, with residents generally residing 211 meters from the nearest stop. Primarily residential, most Oak Park inhabitants commute outwards, predominantly using cars (75%), with train usage at 17%. On average, there are 1.2 vehicles per dwelling. High work-from-home rates were recorded in 2021 Census data, potentially influenced by COVID-19 conditions, with 39.9% of residents working remotely.

Service frequency across all routes averages 295 trips daily, 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 shows better-than-average health outcomes, as per AreaSearch's evaluation of mortality rates and chronic condition prevalence. Both younger and older age groups have low prevalence of common health issues.

Private health cover is held by approximately 53% of Oak Park residents (~3,839 people), slightly higher than the average SA2 area but lower than Greater Melbourne's 56.7%. The most prevalent conditions are mental health issues (affecting 7.3% of residents) and asthma (7.2%), while 74.2% report no medical ailments, compared to 72.6% across Greater Melbourne. Working-age residents have low chronic condition prevalence. Oak Park has 13.2% of residents aged 65 and over (957 people), lower than Greater Melbourne's 15.1%. Health outcomes among seniors are above average, similar to the general population's national rankings.

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 main religion in Oak Park, making up 46.4% of people. However, Hinduism is overrepresented compared to Greater Melbourne, comprising 7.1% of Oak Park's population versus 4.4%.

The top three ancestry groups are English (18.4%), Other (16.5%), and Australian (16.3%). Notably, Italian (9.9%) and Lebanese (1.7%) are overrepresented compared to regional figures of 5.2% and 0.8%, respectively. Sri Lankan representation is similar at 0.8%.

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

Oak Park's median age is nearly 36 years, close to Greater Melbourne's average of 37 and slightly below Australia's median of 38. Compared to Greater Melbourne, Oak Park has a higher percentage of residents aged 35-44 (18.9%) but fewer residents aged 5-14 (10.0%). Between the 2016 and 2021 censuses, the proportion of residents aged 65-74 increased from 6.1% to 7.4%. Conversely, the percentage of residents aged 25-34 decreased from 18.8% to 17.5%. By 2041, Oak Park's age profile is projected to change significantly. The strongest growth is expected in the 45-54 cohort, with an 80% increase adding 733 residents to reach a total of 1,647.