Suburb Profile Report for Oakdowns TAS (7019)

Oakdowns House: Median price $460,000, Annual capital growth 4.71%, Number of sales 33, Weekly median advertised rent $443

Oakdowns Unit: Median price $367,250, Annual capital growth 2.77%, Number of sales 26, Weekly median advertised rent $345

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

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 11.82% for the last year, Oakdowns, 7019 is the 648th highest performer in Australia in this respect.

The five-year average increase in median property values for Oakdowns,7019 has given property investors a potential capital gain of 30.18% across each of those five years.

Often selling an investment property can take time, and in Oakdowns the average time real estate has been on the market is 23.5 days.

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 4.42%, investors should hope to achieve an overall return of 4.96%

At number 127th in the list of Australian suburbs ordered by increase in median house value over the last year, Oakdowns, 7019 is in the top 10% with a property value increase of 15.87% recorded in median house prices.

While Oakdowns,7019 ranked number 11th in TAS for increase in median house value (annualised) increase, it is ranked 27th over the last 5 years.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.99%, without taking into account capital value appreciation, which has been averaging out at 2.53%.

Information supplied by:


March 2019

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Long-term potential in this suburb

Postcode: 7019

Median unit price: $352,000

Three-year growth: 29.4%

Rental yield: 5.2%

About 20 minutes’ drive from the Hobart CBD is the suburb of Oakdowns, which offers wonderful views of Mount Wellington and Ralphs Bay.

While Oakdowns itself is a bit thin on available amenities, it is surrounded by suburbs that meet shopping and entertainment needs, such as Lauderdale and Rokeby.

Residents can find rest and relaxation at Oakdowns Park, which has facilities that are perfect for ball games and a playground for kids. An intercity cycle way winds along South Arm Highway.

Oakdowns is on a roll, with unit values soaring by 11.7% over the 12 months to December 2018 to maintain a trend that has been established since 2013. Moreover, properties barely spend any time on the market at all before being snapped up in an average of just 12 days.

Metrics i HOUSE UNIT
$460,000 $367,250
5.14% 2.01%
17.35% 16.13%
4.71% 2.77%
$443 $345
33 26
5.00% 4.88%
15 11.823529

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Very 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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