At number 2982th in the list of Australian suburbs ordered by increase in median house value over the last year, Oaklands Park, 5046 is in the BOTTOM 30% with a property value increase of -0.55% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Oaklands Park has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Oaklands Park should be aiming for at least -4.05% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Oaklands Park have been waiting around 66.12 days to sell a property.
With the median price for a house in Oaklands Park being $450000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.62%
Over the last year, property investments in Oaklands Park, 5046 have given investors a capital gain of 7.25%. This compares favourably with the 4.28% for SA as a whole.
Oaklands Park,5046 was ranked 817 in Australia by increase in median property value over the quarter.
Oaklands Park5046 is located in SA which offers an average discount of -6.06% to property investors. Oaklands Park itself is showing figures that indicate -5.59% is the average achievable by property buyers investing in the suburb.
A $315 per week rent on the median house gives suburb investors a gross yield of circa 4.43%, without taking into account capital value appreciation, which has been averaging out at 5.72%.