Suburb Profile Report for Oakdowns TAS (7019)

Oakdowns House: Median price $435,000, Annual capital growth 4.55%, Number of sales 42, Weekly median advertised rent $428

Oakdowns Unit: Median price $352,000, Annual capital growth 1.21%, Number of sales 29, Weekly median advertised rent $355

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

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

Information supplied by:


January 2018

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With Hobart continuing its upward trajectory, Oakdowns, which is located close to the inner city, is absorbing the demandFull summary

Sellers and buyers benefit in inner city suburb

Postcode: 7019

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
Metrics i HOUSE UNIT
$435,000 $352,000
7.41% 4.45%
8.48% 11.75%
4.55% 1.21%
$428 $355
42 29
5.11% 5.24%
28.4 12.4

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Oakdowns TAS
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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Recent sales & rentals