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

Oak Park's population was around 8,508 as of November 2025. This showed an increase of 610 people since the 2021 Census, which reported a population of 7,898 people. The change was inferred from the estimated resident population of 8,488 in June 2024 and an additional 120 validated new addresses since the Census date. This resulted in a population density ratio of 3,620 persons per square kilometer, placing Oak Park in the upper quartile relative to national locations assessed by AreaSearch. The area's growth of 7.7% since the 2021 census exceeded the SA3 area's growth rate of 7.0%, indicating it was a growth leader in the region. Overseas migration contributed approximately 73.5% of overall population gains during recent periods, driving Oak Park's population growth.

AreaSearch adopted 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 utilized the VIC State Government's Regional/LGA projections released in 2023, adjusting them using a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group were applied across all areas for years 2032 to 2041. Based on these projections, exceptional growth is predicted over the period with Oak Park expected to increase by 4,160 persons to 2041 based on the latest annual ERP population numbers. This reflects a gain of 48.7% in total over the 17 years.

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

Oak Park has seen approximately 74 new homes approved annually. From fiscal year FY-21 to FY-25, around 371 homes were approved, with an additional 27 approved in FY-26 so far. On average, each new home brings about 1.1 new residents per year over the past five financial years.

This results in a balanced supply and demand market, supporting stable conditions. The average construction cost of new properties is around $479,000. In terms of commercial approvals, Oak Park has registered approximately $1.9 million this financial year, reflecting its residential nature. Comparatively, Oak Park shows moderately higher new home approvals than Greater Melbourne's average over the past five years, with a 37.0% increase per person. This balance between buyer choice and property values has been maintained despite recent moderations in development activity.

In terms of housing types, there is a skew towards compact living, with 85.0% townhouses or apartments approved compared to 15.0% detached houses. This shift from the current pattern of 53.0% houses suggests diminishing developable land availability and responds to evolving lifestyle preferences and affordability needs. With around 167 people per dwelling approval, Oak Park exhibits characteristics of a growth area. According to AreaSearch's latest quarterly estimate, Oak Park is expected to grow by approximately 4,140 residents by 2041. If current construction levels persist, housing supply may lag behind population growth, potentially intensifying buyer competition and supporting price growth.

Oak Park has moderate levels of nearby infrastructure activity, ranking in the 49thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified 23 projects likely affecting the area. Notable ones are Oak Park Sports and Aquatic Centre Redevelopment, M-City 2 - Oak Park, 299 Pascoe Vale Road Mixed-Use Development, 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.

AreaSearch analysis places Oak Park well above average for employment performance across multiple indicators

Oak Park has a highly educated workforce with strong representation in professional services. Its unemployment rate is 3.0%, lower than the national average of 4.6%.

Over the past year, estimated employment growth was 3.6%. As of June 2025, 5,422 residents are employed, with an unemployment rate of 1.6% below Greater Melbourne's rate and a workforce participation rate of 69.9%, compared to Greater Melbourne's 64.1%. Employment is concentrated in health care & social assistance, professional & technical services, and education & training. Oak Park has a particularly strong specialization in professional & technical services, with an employment share 1.2 times the regional level.

However, manufacturing is under-represented, with only 5.1% of Oak Park's workforce compared to Greater Melbourne's 7.2%. Over the 12 months to June 2025, employment increased by 3.6%, while labour force increased by 4.4%, causing the unemployment rate to rise by 0.8 percentage points. In comparison, Greater Melbourne saw employment grow by 3.5%, labour force expand by 4.0%, and unemployment rise by 0.5 percentage points. State-level data to Nov-25 shows Victorian 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 indicates local employment should increase by 6.9% over five years and 14.0% over ten years, based on a simple weighting extrapolation for illustrative purposes.

The area exhibits notably strong income performance, ranking higher than 70% of areas assessed nationally through AreaSearch analysis

The Oak Park SA2 had a median taxpayer income of $55,252 and an average income of $65,753 in the financial year 2022, according to postcode level ATO data aggregated by AreaSearch. These figures align with national averages, contrasting with Greater Melbourne's median income of $54,892 and average income of $73,761 during the same period. By September 2025, based on a 12.16% increase since financial year 2022 using the Wage Price Index, estimated incomes would be approximately $61,971 (median) and $73,749 (average). The 2021 Census ranked Oak Park's household, family, and personal incomes highly, between the 78th and 79th percentiles nationally. Income distribution data shows that the largest segment consists of 34.0% earning $1,500 - $2,999 weekly (2,892 residents), which is consistent with broader regional trends showing 32.8% in the same category. Economic strength is evident through 33.5% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. Housing accounts for 14.6% of income, and strong earnings place 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, as per the latest Census data, 53.2% of dwellings were houses while 46.8% consisted of other types such as semi-detached homes, apartments, and 'other' dwellings. This compares to Melbourne metro's figures of 62.8% houses and 37.2% other dwellings. Home ownership in Oak Park stood at 29.1%, with mortgaged properties making up 37.4% and rented dwellings accounting for 33.4%. The median monthly mortgage repayment in the area was $2,167, exceeding Melbourne metro's average of $2,000. Weekly rent median was recorded at $401 compared to Melbourne metro's $381. Nationally, Oak Park's median mortgage repayments were higher than 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 account for 70.2% of all households, including 31.7% couples with children, 27.7% couples without children, and 9.4% single parent families. Non-family households constitute the remaining 29.8%, with lone person households at 24.7% and group households comprising 5.1%. 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 significantly higher than broader benchmarks. As of 2016, 43.8% of residents aged 15 and over hold university qualifications, compared to 27.7% in the SA4 region and 30.4% nationally. This high level of educational attainment positions Oak Park strongly for knowledge-based opportunities. Bachelor degrees are the most common at 27.8%, followed by postgraduate qualifications (12.2%) and graduate diplomas (3.8%).

Trade and technical skills are also prominent, with 26.1% of residents aged 15 and over holding vocational credentials – advanced diplomas (11.7%) and certificates (14.4%). Educational participation is notably high, with 28.6% of residents currently enrolled in formal education as of the 2016 Census. This includes 8.1% in primary education, 6.7% in tertiary education, and 5.4% pursuing secondary education.

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

The transport analysis shows that Oak Park has 23 active transport stops operating within its boundaries. These stops offer a mix of train and bus services. Four individual routes service these stops, collectively providing 2,591 weekly passenger trips.

Transport accessibility is rated as good, with residents typically located 227 meters from the nearest transport stop. Service frequency averages 370 trips per day across all routes, equating to approximately 112 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

Oak Park's health outcomes data shows exceptional results, with younger age groups having particularly low prevalence of common health conditions.

The area has a private health cover rate of approximately 52%, which is higher than the average SA2 area (~4,458 people). Mental health issues and asthma were found to be the most prevalent medical conditions, affecting 7.5% and 7.0% of residents respectively. A total of 74.2% of residents reported being completely free from medical ailments, compared to 72.2% in Greater Melbourne. As of 12th June 2021, Oak Park has 12.9% of its population aged 65 and over (1,093 people), which is lower than the 14.0% in Greater Melbourne. Despite this, 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 36.6% of its population born overseas and 35.5% speaking a language other than English at home. Christianity is the predominant religion in Oak Park, comprising 44.6% of the population. However, Hinduism is overrepresented compared to Greater Melbourne, making up 7.6% of Oak Park's population versus 6.2%.

The top three ancestry groups in Oak Park are English (18.0%), Other (17.2%), and Australian (17.0%). There are notable differences in the representation of certain ethnic groups: Italian is overrepresented at 8.9% compared to the regional figure of 12.9%, Maltese is slightly underrepresented at 1.5% versus 1.7%, and Sri Lankan is also underrepresented at 0.8% compared to 0.6%.

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

Oak Park's median age is 36 years, nearly matching Greater Melbourne's average of 37. This is slightly below the Australian median of 38. Oak Park has a higher percentage of residents aged 35-44 (19.1%) compared to Greater Melbourne but fewer residents aged 15-24 (10.7%). Between the 2021 Census and the present, the 65-74 age group has increased from 6.1% to 7.1%. Conversely, the 15-24 age group has decreased from 11.3% to 10.7%. By 2041, Oak Park's age profile is projected to change significantly. The 45-54 cohort is expected to grow by 88%, adding 915 residents to reach a total of 1,954.