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%