Suburb Profile Report for Oakdowns TAS (7019)

Oakdowns House: Median price $422,500, Annual capital growth 3.23%, Number of sales 30, Weekly median advertised rent N/A

Oakdowns Unit: Median price $326,250, Annual capital growth 1.53%, Number of sales 22, Weekly median advertised rent $335

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

Investment property in Oakdowns has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.36%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Oakdowns has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Oakdowns, 7019. Typically our figures indicate that -2.47% is being offered, which puts this TAS suburb at 3563th most discounted overall in Australia.

Giving property investors a a solid capital gain of 12.50% for the last year, Oakdowns, 7019 is the 320th highest performer in Australia in this respect.

A 6.10% growth in median value for property investors in Oakdowns,7019 puts this suburb at number 19th in terms of best performing suburbs in TAS

At number 42th of TAS’s most discounted properties, Oakdowns is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Advertised rents are around the $335 mark per week – giving a return of 5.34% based on the median price in Suburb

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January 2018

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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
$422,500 $326,250
4.32% 3.57%
5.36% 12.50%
3.23% 1.53%
N/A $335
30 22
N/A 5.34%
35.32 35.25

Source: CoreLogic

DSR Score for property investment : Excellent (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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