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Oakdowns

POSTAL CODE: TAS, 7019
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Property investors enjoyed capital gains of 6.82% over the last 12 months in OAKDOWNS, translating to lower returns compared with its peers in TAS.

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

The suburb posted a 2.55% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $580 based on current median home prices for the suburb.

On average, rents on listings have reached the $580 mark, reflecting a 4.06% increase in returns based on the current median price in OAKDOWNS.

OAKDOWNS, 7019 ranks 82nd in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 81st on the list of best yielding suburbs for rental properties in TAS, posting a 4.06% return.

Surburb overview

Oakdowns, with the postcode 7019, is a relatively new and growing suburb located approximately 15 kilometres east of Hobart’s central business district in Tasmania. The population of Oakdowns is around 2,000 residents. Known for its family-friendly environment, modern housing developments, and convenient access to urban amenities, Oakdowns offers a comfortable and contemporary lifestyle for its residents.

Oakdowns falls under the jurisdiction of the City of Clarence, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, providing regular services to Hobart’s CBD and surrounding suburbs, making commuting convenient for residents. The suburb is also easily accessible by car via the South Arm Highway, facilitating straightforward travel to Hobart and other nearby areas.

Educational facilities near Oakdowns include primary schools such as Clarendon Vale Primary School and Howrah Primary School. For secondary education, students typically attend nearby schools such as Rokeby High School and Bayview Secondary College. The region also offers various early childhood education centres, ensuring comprehensive educational opportunities for families. For higher education, residents have access to the University of Tasmania and various vocational training centres in Hobart.

Oakdowns residents often visit the nearby Shoreline Shopping Centre in Howrah, which offers a variety of retail stores, supermarkets, cafes, and dining options. This centre, along with local shops and eateries in the surrounding suburbs, ensures residents have convenient access to everyday needs. The Hobart CBD provides additional shopping, dining, and entertainment facilities, easily accessible to Oakdowns residents.

The nearby Glebe Hill Nature Reserve and Tangara Trail offer excellent opportunities for walking, cycling, and enjoying the natural beauty of the area. The suburb’s location near the Derwent River provides further opportunities for water-based activities such as kayaking, fishing, and boating.

Residents of Oakdowns benefit from its proximity to Hobart, allowing easy access to the city’s cultural and recreational attractions, including the Royal Tasmanian Botanical Gardens, the Tasmanian Museum and Art Gallery, and the bustling Salamanca Market. The suburb's strategic location also makes it a convenient base for exploring the natural beauty of the surrounding region, including the South Arm Peninsula and the Tasman Peninsula.

Oakdowns combines the tranquillity of suburban living with the convenience of nearby urban amenities, making it an attractive suburb for a diverse range of residents. The suburb’s natural beauty, recreational opportunities, and community atmosphere enhance its appeal as a desirable place to live within the greater Hobart area.

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