Suburb Profile Report for Oakdowns TAS (7019)

Oakdowns House: Median price $403,750, Annual capital growth 4.04%, Number of sales 36, Weekly median advertised rent N/A

Oakdowns Unit: Median price $300,000, Annual capital growth 0.97%, Number of sales 20, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Oakdowns, 7019 have given investors a capital gain of 12.15%. This compares favourably with the 8.18% for TAS as a whole.

While Oakdowns,7019 ranked number 151th in TAS for increase in median house value (annualised) increase, it is ranked 22th over the last 5 years.

Property investors looking for a bargain in Oakdowns should be aiming for at least -3.52% off the asking price, which is the average vendor discount being achieved at the moment.

Situated 10.50km from the CBD, Oakdowns is one of Clarence localities in the postcode 7019.

Over the last year, property investments in Oakdowns, 7019 have given investors a capital gain of 6.95%. This compares averagely with the 5.89% for TAS as a whole.

Over the longer term, Oakdowns has seen property prices show investors a 14.29% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Oakdowns are currently offering property investors an average price cut of -1.79% below the asking price at the moment.

In the last year 20 properties changed hands in Oakdowns, which puts it as the 37th most active market in TAS when comparing the number of sales per suburb.

With the median price for a house in Oakdowns being $300000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.03%

Metrics i HOUSE UNIT
$403,750 $300,000
-1.82% 7.14%
12.15% 6.95%
4.04% 0.97%
N/A $290
36 20
N/A 5.03%
34.82 83.62

Source: CoreLogic

DSR Score for property investment : Very 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