Property investors who have had real estate in Oakdowns, 7019 should be relatively unhappy with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.52%
If we look at median property appreciation over just the last three months, Oakdowns has given property investors a paper return of 1.44%. This puts Suburb as 126 on a list of fastest fasting appreciating suburbs in TAS
Oakdowns7019 is located in TAS which offers an average discount of -5.48% to property investors. Oakdowns itself is showing figures that indicate -2.80% is the average achievable by property buyers investing in the suburb.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 5.01%, without taking into account capital value appreciation, which has been averaging out at 2.71%.
At number 322th 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 12.95% recorded in median house prices.
Across a shorter period, Oakdowns, 7019 has seen a median price increase of 2.02% over the last quarter.
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.
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