Suburb Profile Report for Oakbank SA (5243)

Oakbank House: Median price $520,000, Annual capital growth 2.96%, Number of sales 16, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Oakbank, 5243 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 18.18%.

Comparing Oakbank,5243 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Property investors looking for a bargain in Oakbank should be aiming for at least -8.36% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 16 properties changed hands in Oakbank, which puts it as the 409th most active market in SA when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$520,000 N/A
6.12% N/A
18.18% N/A
2.96% N/A
N/A N/A
16 N/A
N/A N/A
116.21 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Good (U)
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Demographics
Total population 922
Median household income ($/weekly) 1447
Median age of persons 43
Median housing loan repayment ($/monthly) 2167
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 109 11.8
    25-34 years 86 9.3
    35-44 years 113 12.2
    45-54 years 171 18.5
    55-64 years 157 17.0
    Others 287 31.1
    Age Group
    Census Count Percent(%)
    Registered Married 415 57.2
    Not Married 241 33.2
    Defacto Relationship 70 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 792 88.9
    Greece 7 0.8
    Papua New Guinea 7 0.8
    United Kingdom 57 6.4
    Other 10 1.1
    Others 18 2.0
    Country of Birth
    Census Count Percent(%)
    Christianity 502 60.2
    No Religion 316 37.9
    Buddhism 6 0.7
    Judaism 6 0.7
    Other Religious Groups 4 0.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 34 10.9
    $1,000-$1,249 26 8.3
    $1,500-$1,999 32 10.2
    $2,000-$2,499 41 13.1
    $3,000-$3,499 30 9.6
    Others 150 47.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 302 40.0
    Not in the labour force 206 27.3
    Employed, worked part-time 204 27.0
    Employed, away from work 27 3.6
    Unemployed, looking for work 16 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 97 18.3
    Professionals 109 20.5
    Technicians & trades workers 64 12.1
    Clerical & administrative workers 81 15.3
    Sales 62 11.7
    Others 118 22.2
    Occupation
    Census Count Percent(%)
    Pre-school 10 4.5
    Infants/Primary 77 34.8
    Secondary 71 32.1
    Technical or Further Educational Institution 18 8.1
    University or other Tertiary Institutions 42 19.0
    Others 3 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 867 98.3
    Semi-detached, row or terrace house, townhouse 12 1.4
    Caravan, cabin, houseboat 3 0.3
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 145 42.2
    Being purchased 135 39.2
    Rented 64 18.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals