Suburb Profile Report for Oakdowns TAS (7019)

Oakdowns House: Median price $405,000, Annual capital growth 2.67%, Number of sales 37, Weekly median advertised rent $390

Oakdowns Unit: Median price $305,000, Annual capital growth 1.52%, Number of sales 20, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a an unimpressive capital gain of 1.25% for the last year, Oakdowns, 7019 is the 2872th highest performer in Australia in this respect.

Across a shorter period, Oakdowns, 7019 has seen a median price increase of 2.21% over the last quarter.

Sellers are offering property buyers an average discount of -2.77% to buyers in Oakdowns at the moment, which is less than average for the rest of TAS.

On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.

Using the current median advertised rental of $390 and the average annual increase in value of a median property of 2.67%, investors should hope to achieve an overall return of 5.01%

If you compare the increase in value of investment property in Oakdowns, 7019 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 8.73%.

Over the longer term, Oakdowns has seen property prices show investors a 14.45% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Oakdowns 7019 should be seeing an average reduction in asking price of around -1.83% . This means that Oakdowns is holding prices well when compared to other suburbs in TAS.

Renters in Suburb are facing rents around $3960 per annum or $330 every week.

Information supplied by:


January 2018

M
O

W
E
With Hobart continuing its upward trajectory, Oakdowns, which is located close to the inner city, is absorbing the demandFull summary

Sellers and buyers benefit in inner city suburb

Postcode: 7019

Median unit price: $300,000

Three-year growth: 14.3%

Rental yield: 5.0%

With Hobart continuing its upward trajectory, Oakdowns, which is located close to the inner city, is absorbing the demand.

Unit prices rose by 7% in the previous year, and statistics from the November 2017 quarter suggest that this positive trend is set to stay its course. With the median value still quite low at $300,000, it’s no surprise that Oakdowns is on the radar for many buyers, especially investors, seeing as the average return is 5%. Sellers also get a good deal, with the average vendor discount rate coming in at 1.8%.

Many properties in this suburb offer beautiful views of Mount Wellington and Ralph’s Bay. Residents can also spend downtime chilling in Oakdowns Park, which has sports grounds and a playground. There is also a cycling trail leading to Hobart.

Close
Metrics i HOUSE UNIT
$405,000 $305,000
2.21% N/A
1.25% 8.73%
2.67% 1.52%
$390 $330
37 20
5.01% 5.63%
34.94 63

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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