Suburb Profile Report for Oakdowns TAS (7019)

Oakdowns House: Median price $371,250, Annual capital growth 3.57%, Number of sales 20, Weekly median advertised rent N/A

Oakdowns Unit: Median price $280,500, Annual capital growth 1.09%, Number of sales 21, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Oakdowns, 7019 should be ok with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.65%

Taking the average capital gain, or increase in median house value, Oakdowns,7019 has racked up an average of 4.65% over the period. This ranks it number 2028th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Oakdowns, 7019. Typically our figures indicate that -4.35% is being offered, which puts this TAS suburb at 3000th most discounted overall in Australia.

At number 1387 in a list of fastest selling suburbs, Oakdowns is in the TOP 40% of suburbs in Australia with an average of days on market 68.5 for properties listed there.

With a capital gain of 3.31% for the last 12 months, Oakdowns, 7019 has performed for property investments than its average annual 1.09% property growth over the last 5 years.

Over the longer term, Oakdowns has seen property prices show investors a -6.50% return over the last 3 years. This is an improvement over the last 12 months

Sellers are offering property buyers an average discount of -8.21% to buyers in Oakdowns at the moment, which is less than average for the rest of TAS.

With the median price for a house in Oakdowns being $280500 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 5.19%

HOUSE UNIT
$371,250 $280,500
-3.26% -4.92%
4.65% 3.31%
3.57% 1.09%
N/A $280
20 21
N/A 5.19%
68.5 76.52

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 988
Median household income ($/weekly) 1257
Median age of persons 31
Median housing loan repayment ($/monthly) 1690
Average household size 2.4
  • Census Count Percent(%)
    0-4 years 110 11.1
    5-14 years 121 12.3
    20-24 years 90 9.1
    25-34 years 195 19.8
    35-44 years 144 14.6
    Others 327 33.1
    Age Group
    Census Count Percent(%)
    Registered Married 320 47.1
    Not Married 231 34.0
    Defacto Relationship 129 19.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 851 92.3
    Italy 4 0.4
    South Africa 7 0.8
    United Kingdom 37 4.0
    Other 11 1.2
    Others 12 1.3
    Country of Birth
    Census Count Percent(%)
    Christianity 627 72.1
    No Religion 243 27.9
    Buddhism 0 0.0
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 44 12.5
    $1,000-$1,249 44 12.5
    $1,250-$1,499 36 10.2
    $1,500-$1,999 63 17.9
    $2,000-$2,499 44 12.5
    Others 121 34.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 312 44.0
    Not in the labour force 187 26.4
    Employed, worked part-time 166 23.4
    Employed, away from work 30 4.2
    Unemployed, looking for work 14 2.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 66 13.0
    Technicians & trades workers 95 18.8
    Community & personal service workers 70 13.8
    Clerical & administrative workers 104 20.6
    Sales 61 12.1
    Others 110 21.7
    Occupation
    Census Count Percent(%)
    Pre-school 10 5.3
    Infants/Primary 91 48.7
    Secondary 43 23.0
    Technical or Further Educational Institution 13 7.0
    University or other Tertiary Institutions 25 13.4
    Others 5 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 666 73.4
    Semi-detached, row or terrace house, townhouse 241 26.6
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 212 57.9
    Fully owned 90 24.6
    Rented 64 17.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals