Giving property investors a a solid capital gain of 11.82% for the last year, Oakdowns, 7019 is the 648th highest performer in Australia in this respect.
The five-year average increase in median property values for Oakdowns,7019 has given property investors a potential capital gain of 30.18% across each of those five years.
Often selling an investment property can take time, and in Oakdowns the average time real estate has been on the market is 23.5 days.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 4.42%, investors should hope to achieve an overall return of 4.96%
At number 127th in the list of Australian suburbs ordered by increase in median house value over the last year, Oakdowns, 7019 is in the top 10% with a property value increase of 15.87% recorded in median house prices.
While Oakdowns,7019 ranked number 11th in TAS for increase in median house value (annualised) increase, it is ranked 27th over the last 5 years.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.99%, without taking into account capital value appreciation, which has been averaging out at 2.53%.
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Long-term potential in this suburb
Median unit price: $352,000
Three-year growth: 29.4%
Rental yield: 5.2%
About 20 minutes’ drive from the Hobart CBD is the suburb of Oakdowns, which offers wonderful views of Mount Wellington and Ralphs Bay.
While Oakdowns itself is a bit thin on available amenities, it is surrounded by suburbs that meet shopping and entertainment needs, such as Lauderdale and Rokeby.
Residents can find rest and relaxation at Oakdowns Park, which has facilities that are perfect for ball games and a playground for kids. An intercity cycle way winds along South Arm Highway.
Oakdowns is on a roll, with unit values soaring by 11.7% over the 12 months to December 2018 to maintain a trend that has been established since 2013. Moreover, properties barely spend any time on the market at all before being snapped up in an average of just 12 days.