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
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