Oakbank

POSTAL CODE: SA, 5243
HOUSE

A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 7.59% growth over a ten-year period. It ranks 1518th on our list of suburbs that property investors should look into.

OAKBANK, 5243 has a capital gain of -8.4% for the past year, which is lower than average compared to its 75.82% growth within a five-year period.

With the median home price in OAKBANK sitting at $1,200,000, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in OAKBANK are low, as opposed to average gains per annum over the past five years.

OAKBANK, 5243 in SA belongs to the local government area of Adelaide Hills.

Surburb overview

Oakbank, located in the Adelaide Hills region of South Australia, sits approximately 34 kilometres east of Adelaide's central business district. Known for its scenic beauty, this small town is part of the Adelaide Hills Council local government area, which governs the region's services and infrastructure. The suburb is accessible via Greenhill Road and Onkaparinga Valley Road, offering public transportation options through bus services connecting to nearby larger towns and Adelaide.

Oakbank has a population of around 500 residents, contributing to its quiet, semi-rural atmosphere. The demographic composition includes families, professionals, and retirees, attracted by the area's peaceful lifestyle and proximity to nature. The town has a long-standing history and is known for its historic buildings and traditional charm, making it a picturesque place to live.

Essential establishments are located within and around Oakbank, including the Oakbank Area School, which serves local students from primary to secondary levels. Residents have access to nearby medical facilities in neighbouring towns, while larger shopping and commercial hubs are easily reached in areas like Mount Barker, which is just a short drive away. 

Oakbank is widely recognised for its recreational offerings, particularly the Oakbank Racing Club, which hosts the annual Easter Racing Carnival, a significant event in the state’s social and sporting calendar. The town also offers various walking trails and parks, allowing residents and visitors to enjoy the natural beauty of the Adelaide Hills. In addition, nearby attractions like wineries and conservation parks further enhance Oakbank's appeal for those seeking outdoor activities.

You’re out of free articles for this month
Loading form...