Suburb Profile Report for Oakdowns TAS (7019)

Oakdowns House: Median price $385,000, Annual capital growth 4.12%, Number of sales 25, Weekly median advertised rent N/A

Oakdowns Unit: Median price $275,500, Annual capital growth 4.43%, Number of sales 22, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Oakdowns have tracked just higher than the TAS average of 3.72% over the last 12 months.

The five-year average increase in median property values for Oakdowns,7019 has given property investors a potential capital gain of 10.63% across each of those five years.

Property buyers and investors in Oakdowns 7019 should be seeing an average reduction in asking price of around -4.28% . This means that Oakdowns is holding prices well when compared to other suburbs in TAS.

At number 1035 in a list of fastest selling suburbs, Oakdowns is in the TOP 30% of suburbs in Australia with an average of days on market 63.77 for properties listed there.

Property investors who have had real estate in Oakdowns, 7019 should be relatively unhappy with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.61%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Oakdowns has increased when compared to the 5 year average annual rate.

At number 5th of TAS’s most discounted properties, Oakdowns is in the bottom 20% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Oakdowns the average time real estate has been on the market is 113.4 days.

Oakdowns is 29th on a list of best yielding suburbs for rents in TAS with a 5.66% return

HOUSE UNIT
$385,000 $275,500
2.26% -1.78%
9.22% -1.61%
4.12% 4.43%
N/A $300
25 22
N/A 5.66%
63.77 113.4

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
Find a mortgage broker in Oakdowns TAS
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
Chart Table
Recent sales & rentals