AREA REPORTS

Oakdowns

Suburb Profile

Oakdowns - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7019

house
unit

Property investors enjoyed capital gains of 5.99% 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 21.95% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $390 based on current median home prices for the suburb.

On average, rents on listings have reached the $390 mark, reflecting a 4.77% increase in returns based on the current median price in OAKDOWNS.

OAKDOWNS, 7019 ranks 134th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 84th on the list of best yielding suburbs for rental properties in TAS, posting a 4.77% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $425,000 $336,500
GROWTH REPORT
Median Quarterly 4.94% 6.83%
Median 12 month 5.99% 16.03%
Median 3 years 21.95% 23.94%
Median 5 years 37.88% 9.43%
10 years average annual 3.29% 1.89%
Weekly media advert. rent $390 $335
Time on Market 32.2 days 30.2 days
Gross Rental Yield Percent 4.77% 5.18%
demographics (median values)
Total Population
509
Weekly Household Income
904.5
Household Size
2.30
demographics
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