Investment property in Oakey has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.29%
When looking at the potential capital gains offered to property investors over the last 3 years, Oakey comes in at number 774th in QLD.
Sellers are offering property buyers an average discount of -11.21% to buyers in Oakey at the moment, which is less than average for the rest of QLD.
Situated 128.92km from the CBD, Oakey is one of Toowoomba (R) localities in the postcode 4401.
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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.