Over the last year, property investments in Oakey, 4401 have given investors a capital gain of -20.54%. This compares very badly with the 0.78% for QLD as a whole.
Oakey,4401 was ranked 1101 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Oakey are currently offering property investors an average price cut of -9.24% below the asking price at the moment.
In the last year 36 properties changed hands in Oakey, which puts it as the 527th most active market in QLD when comparing the number of sales per suburb.
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Oakey, QLD – Rural suburb offers affordability
Median house price: $190,000
Three-year growth: -23.1%
Rental yield: 8.1%
Located 153km inland from Brisbane, Oakey has the heart of a rural town but with the flair of a thriving business hub.
Two supermarkets, a sports centre and a hairdresser can be found locally, and there is also a hospital, a library, and three local schools. It is also home to the Australian Army Flying Museum.
Further amenities and work opportunities are in close reach in the city of Toowoomba, which has experienced substantial growth in both infrastructure and employment. The nearby city also hosts the annual Carnival of Flowers, and a number of new cafes and restaurants are gradually giving rise to the popular ‘laneway’ culture.