Property investors who have had real estate in Oakdowns, 7019 should be relatively pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.48%
Comparing Oakdowns,7019 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Oakdowns is giving property investors an average Vendor Discount of around -1.37%. This puts suburb at number 195th in TAS when ranking the most discounted suburbs.
In the last year 42 properties changed hands in Oakdowns, which puts it as the 74th most active market in TAS when comparing the number of sales per suburb.
Oakdowns is 105th on a list of best yielding suburbs for rents in TAS with a 5.11% return
At number 273th in the list of Australian suburbs ordered by increase in median house value over the last year, Oakdowns, 7019 is in the top 20% with a property value increase of 11.75% recorded in median house prices.
While Oakdowns,7019 ranked number 17th in TAS for increase in median house value (annualised) increase, it is ranked 46th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Oakdowns is offering property investors an average of -4.39. This rate of discount on properties puts Suburb at number 58th in terms of most discounted suburbs in TAS
Residents and property investors in Oakdowns have been waiting around 12.4 days to sell a property.
Advertised rents are around the $355 mark per week – giving a return of 5.24% based on the median price in Suburb
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