With a capital gain of 15.63% for the last 12 months, Oakey, 4401 has performed for property investments than its average annual 1.06% property growth over the last 5 years.
Across a shorter period, Oakey, 4401 has seen a median price increase of 1.30% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Oakey is offering property investors an average of -6.78. This rate of discount on properties puts Suburb at number 24th in terms of most discounted suburbs in QLD
Often selling an investment property can take time, and in Oakey the average time real estate has been on the market is 96.3103 days.
Advertised rents are around the $299 mark per week – giving a return of 6.67% based on the median price in Suburb
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Oakey, QLD – Rural suburb offers affordability
Median house price: $190,000
Three-year growth: -23.1%
Rental yield: 8.1%
Located 153km inland from Brisbane, Oakey has the heart of a rural town but with the flair of a thriving business hub.
Two supermarkets, a sports centre and a hairdresser can be found locally, and there is also a hospital, a library, and three local schools. It is also home to the Australian Army Flying Museum.
Further amenities and work opportunities are in close reach in the city of Toowoomba, which has experienced substantial growth in both infrastructure and employment. The nearby city also hosts the annual Carnival of Flowers, and a number of new cafes and restaurants are gradually giving rise to the popular ‘laneway’ culture.