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MOMENTUM
MEDIA
A steady increase in median property prices over a five-year period in the suburb translates to a 21.44% capital gain.
It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $841,000
The augmented property values in the suburb are trailing behind the territorial average of 10.06% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $630.
Home owners selling their properties and realtors in OAKDEN usually have to wait an average of 25.6 days days before their assets are lifted off the market.
The SA suburb ranks 136th on the list of best yielding suburbs for rental properties in SA, posting a 3.9% return.
It also places places 142nd in Australia based on median property value growth during the quarter.
Oakden, situated approximately 12 kilometres northeast of Adelaide's central business district, is a suburban area in the City of Port Adelaide Enfield. It offers convenient access to the CBD through Hampstead Road and Grand Junction Road, with bus services providing public transportation options for commuters.
The suburb has a population of around 3,500 residents, with a diverse demographic mix including young families, professionals, and retirees. Oakden is known for its modern housing developments, with much of the area being established in the late 1990s and early 2000s. The suburb provides a quiet, family-friendly environment while remaining close to the city and essential amenities.
Oakden features essential establishments such as the Oakden Medical Centre, providing healthcare services to local residents. There are also nearby shopping centres, including the Northgate Shopping Centre, which offers grocery stores, cafes, and other retail outlets. For education, families have access to several schools in neighbouring suburbs, with Cedar College and Hillcrest Primary School being among the nearest options.
Recreational activities in Oakden include several parks and green spaces, such as the Roy Amer Reserve, which features a large lake, walking paths, and picnic facilities. This popular reserve is ideal for outdoor activities and community gatherings. Additionally, the suburb is close to other recreational hubs, including the Adelaide Super-Drome and several golf courses in nearby suburbs, offering a range of leisure opportunities for residents.
Oakden’s blend of suburban tranquillity, proximity to essential services, and recreational facilities make it an appealing location for a variety of lifestyles.