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 approximately 8,533 as of February 2026, marking an increase of 635 people (8.0%) since the 2021 Census which reported a population of 7,898 people. This change is inferred from the estimated resident population of 8,488 in June 2024 and an additional 124 validated new addresses since the Census date. The population density ratio was 3,631 persons per square kilometer, placing Oak Park in the upper quartile relative to national locations assessed by AreaSearch. Over the past decade, Oak Park's population growth rate was 1.7% compound annually, outperforming its SA3 area. Overseas migration contributed approximately 73.5% of overall population gains during recent periods. AreaSearch is using 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 a method of weighted aggregation from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Based on projected demographic shifts, Oak Park is predicted to experience exceptional growth, placing it in the top 10 percent of national areas, with an expected increase of 4,160 persons by 2041 based on the latest annual ERP population numbers, reflecting a gain of 48.2% 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. Over the past five financial years, from FY-21 to FY-25, around 371 homes were approved, with an additional 49 approved so far in FY-26. On average, about 1.1 new residents have arrived per year for each new home over these five years, indicating a balanced supply and demand market that supports stable conditions.

The average construction value of new properties is around $315,000, aligning with regional trends. This financial year has seen approximately $1.9 million in commercial approvals, suggesting minimal commercial development activity. Compared to Greater Melbourne, Oak Park exhibits elevated construction levels, at 37.0% above the regional average per person over the past five years. This maintains good buyer choice while supporting existing property values, although recent periods have shown a moderation in development activity. New building activity is predominantly townhouses or apartments (85.0%), with a smaller proportion of detached houses (15.0%).

This shift towards compact living offers affordable entry pathways and attracts downsizers, investors, and first-time purchasers, marking a significant departure from the current housing pattern of 53.0% houses. With around 167 people per dwelling approval, Oak Park exhibits characteristics of a growth area. According to the latest AreaSearch quarterly estimate, Oak Park is projected to add approximately 4,115 residents by 2041. If current development rates continue, housing supply may struggle to keep pace with population growth, potentially intensifying buyer competition and supporting price increases.

Oak Park has strong levels of nearby infrastructure activity, ranking in the top 40% nationally

AreaSearch has identified a total of 23 projects likely to impact the area, significantly influencing its performance through changes in local infrastructure, major projects, and planning initiatives. Key projects include M-City 2 - Oak Park, Oak Park Sports and Aquatic Centre Redevelopment, 299 Pascoe Vale Road Mixed-Use Development, 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.

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

Oak Park has a highly educated workforce with professional services being strongly represented. Its unemployment rate is 3.0% and it experienced an estimated employment growth of 1.3% over the past year. As of September 2025, 5,354 residents are employed with an unemployment rate of 1.7% below Greater Melbourne's rate of 4.7%.

The workforce participation rate is 77.4%, compared to Greater Melbourne's 71.0%. According to Census responses, 40.7% of residents work from home. Employment is concentrated in health care & social assistance, professional & technical services, and education & training. Oak Park shows strong specialization in professional & technical services with an employment share 1.2 times the regional level.

Manufacturing is under-represented at 5.1%, compared to Greater Melbourne's 7.2%. The area appears to offer limited local employment opportunities based on Census data. Over the 12 months to September 2025, employment increased by 1.3% while labour force grew by 1.7%, causing unemployment to rise by 0.4 percentage points in Oak Park. In Greater Melbourne, employment grew by 3.0%, labour force expanded by 3.3%, and unemployment rose by 0.3 percentage points. 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 6.9% over five years and 14.0% over ten years, assuming no changes in population projections.

Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch

The Oak Park SA2 had a median taxpayer income of $59,292 and an average income of $68,740 in the financial year 2023, according to postcode level ATO data aggregated by AreaSearch. This was slightly above the national average, contrasting with Greater Melbourne's median income of $57,688 and average income of $75,164 during the same period. By September 2025, estimates based on an 8.25% Wage Price Index growth since financial year 2023 would be approximately $64,184 (median) and $74,411 (average). In the 2021 Census, Oak Park's household, family, and personal incomes ranked highly nationally, between the 78th and 79th percentiles. The distribution data showed that the largest segment comprised 34.0% earning $1,500 - 2,999 weekly (2,901 residents), consistent with broader trends across the region showing 32.8% in the same category. Economic strength was evident through 33.5% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. Housing accounted for 14.6% of income, while strong earnings ranked residents within the 79th percentile for disposable income. The area's SEIFA income ranking placed it in the 8th decile.

Oak Park displays a diverse mix of dwelling types, with a higher proportion of rental properties than the broader region

In Oak Park, as per the latest Census data, 53.2% of dwellings were houses, with the remaining 46.8% comprising semi-detached homes, apartments, and other types. This contrasts with Melbourne metro's dwelling structure, which was 67.9% houses and 32.1% other dwellings. Home ownership in Oak Park stood at 29.1%, with mortgaged dwellings making up 37.4% and rented ones 33.4%. The median monthly mortgage repayment in the area was $2,167, exceeding Melbourne metro's average of $2,000. Meanwhile, the median weekly rent figure in Oak Park was $401, compared to Melbourne metro's $390. Nationally, Oak Park's mortgage repayments were 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 70.2% of all households, including 31.7% couples with children, 27.7% couples without children, and 9.4% single parent families. Non-family households make up the remaining 29.8%, consisting of 24.7% lone person households and 5.1% group households. 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. Among residents aged 15 and above, 43.8% hold university qualifications, compared to 27.7% in the SA4 region and 30.4% nationally. Bachelor degrees are the most common at 27.8%, followed by postgraduate qualifications at 12.2%, and graduate diplomas at 3.8%. Vocational credentials are also prominent, with 26.1% of residents holding such qualifications, including advanced diplomas (11.7%) and certificates (14.4%).

Educational participation is notably high, with 28.6% of residents currently enrolled in formal education. This includes 8.1% in primary education, 6.7% 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 24 active public transport stops serving a mix of bus routes. These are covered by four different routes, offering a total of 2067 weekly passenger trips. Transport accessibility is considered good, with residents typically located 227 meters from the nearest stop. In this predominantly residential area, most commuters travel outward. Cars remain the primary mode of transport at 74%, while train usage stands at 18%. On average, there are 1.1 vehicles per dwelling, below the regional norm.

Notably, 40.7% of residents work from home (as per the 2021 Census; this figure may be influenced by COVID-19 conditions). Across all routes, service frequency averages 295 trips per day, equating to roughly 86 weekly trips per individual stop.

Oak Park's residents are extremely healthy with younger cohorts in particular seeing very low prevalence of common health conditions

Analysis of health metrics shows strong performance throughout Oak Park. AreaSearch's assessment indicates low mortality rates and chronic condition prevalence, particularly among younger cohorts.

The rate of private health cover is approximately 53%, higher than the average SA2 area (~4,548 people), but lower than Greater Melbourne at 56.7%. Mental health issues and asthma are the most common medical conditions in Oak Park, affecting 7.5% and 7.0% of residents respectively. A total of 74.2% of residents declare themselves completely clear of medical ailments, compared to 72.6% across Greater Melbourne. Working-age residents have low chronic condition prevalence. The area has 13.4% of residents aged 65 and over (1,140 people), lower than the 15.1% in Greater Melbourne. Health outcomes among seniors are above average but rank lower nationally compared to 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's cultural diversity is notable, 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, accounting for 44.6%. Hinduism is overrepresented compared to Greater Melbourne, comprising 7.6% versus 4.4%.

The top three ancestry groups are English (18.0%), Other (17.2%), and Australian (17.0%). Italian (8.9%) and Maltese (1.5%) are notably overrepresented in Oak Park compared to regional averages of 5.2% and 1.1%, respectively.

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 (19.1%) but fewer residents aged 15-24 (10.7%). Between the 2021 Census and present day, the percentage of residents aged 65-74 has increased from 6.1% to 7.4%, while the proportion of those aged 25-34 has decreased from 19.4% 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 82%, adding 877 residents and reaching a total of 1,954.