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.
With Hobart continuing its upward trajectory, Oakdowns, which is located close to the inner city, is absorbing the demandFull summary
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Sellers and buyers benefit in inner city suburb
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