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Croydon North vs Oak Park

Property investment comparison - Croydon North, VIC 3136 vs Oak Park, VIC 3046

Head-to-head across core investment metrics: Croydon North wins 3, Oak Park wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricCroydon NorthOak Park
Median house price$1.1M$1.1M
Median unit price$715K$665K
Gross rental yield (houses)3.57%-
Gross rental yield (units)4.50%4.35%
1-year house growth+0.8%estimate-4.3%
3-year house growth-+4.2%
Vacancy rate1.6%1.5%
Population8,0926,714

Croydon North vs Oak Park: what the numbers say

The median house price is $1.1M in Croydon North and $1.1M in Oak Park, so Croydon North is the cheaper entry point.

For units, Croydon North sits at a median of $715K against $665K in Oak Park, which makes Oak Park the more affordable unit market and Croydon North the pricier one.

Over the past year house prices moved +0.8% in Croydon North (an estimate) and -4.3% in Oak Park, so recent momentum favours Croydon North, while Oak Park went backwards.

Rental vacancy is the same in both, at 1.6%.

Croydon North is the bigger suburb, with a population of 8,092 against 6,714, larger than Oak Park; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Croydon North for a lower purchase price, Croydon North for recent price momentum. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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