Oak Park vs Pascoe Vale
Oak Park (median $1,170,000) is roughly 3% cheaper to buy into than Pascoe Vale ($1,207,000).
Buying in Oak Park or Pascoe Vale?
Selling in Oak Park? The free selling guide
Oak Park and Pascoe Vale side by side
| Measure | Oak Park | Pascoe Vale |
|---|---|---|
| Price and market | ||
| Median house | $1,170,000 | $1,207,000 |
| Median unit | $630,000 | $660,000 |
| Renting | ||
| House rent | $551/wk | $620/wk |
| Unit rent | $490/wk | $500/wk |
| Owner occupied | 67.0% | 63.0% |
| Renter occupied | 31.0% | 35.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1049 | 1078 |
| Lifestyle and people | ||
| Walk score | 32 | 100 |
| Transit score | 20 | 0 |
| Bike score | 100 | 100 |
| Population | 6,714 | 18,171 |
| Median age | 36 | 36 |
| Climate | ||
| Annual rainfall | 546 mm | 582 mm |
| Mean max, January | 27.0°C | 27.0°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Pascoe Vale scores higher on walkability (32/100 vs 100/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Pascoe Vale (1078) sits above Oak Park (1049).
- For buyers
- Oak Park is the lower entry point at $1,170,000 median, 3% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Pascoe Vale offers the higher gross rental yield (2.67% vs 2.45%), favouring cash-flow investors.
- For families
- Pascoe Vale edges out on average school ICSEA (1078 vs 1049).
Oak Park vs Pascoe Vale: common questions
Is Oak Park or Pascoe Vale cheaper to buy in?
Oak Park has the lower median house price at $1,170,000, roughly 3% below Pascoe Vale ($1,207,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Oak Park or Pascoe Vale have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Pascoe Vale scores 1078 vs 1049 in Oak Park. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Oak Park or Pascoe Vale?
Pascoe Vale scores 100/100 on walkability vs 32/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Oak Park or Pascoe Vale?
Gross rental yield on houses is 2.67% in Pascoe Vale vs 2.45% in Oak Park. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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