Suburb Profile Report for Oakden SA (5086)

Oakden House: Median price $442,250, Annual capital growth 2.08%, Number of sales 46, Weekly median advertised rent $370

Oakden Unit: Median price $385,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent N/A

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

Oakden is in the bottom 40% in SA when comparing median price capital growth over the last year. Oakden gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.28%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Oakden has increased when compared to the 5 year average annual rate.

Property buyers and investors in Oakden 5086 should be seeing an average reduction in asking price of around -5.20% . This means that Oakden is holding prices well when compared to other suburbs in SA.

Situated 8.98km from the CBD, Oakden is one of Port Adelaide Enfield localities in the postcode 5086.

Our latest figures would indicate that property sellers in Oakden are currently offering property investors an average price cut of -4.77% below the asking price at the moment.

Information supplied by:


September 2017

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Oakden is less than 30 minutes’ drive from the Adelaide CBD, with the capital being reachable by bus. The R-12 school of Heritage College Adelaide is situated in this suburb as well.Full summary

City suburb reduces house supply to boost demand

Postcode: 5086

Median house price: $440,000

Stock on market: -51.6%

12-month growth: 0.7%

With migration outflows increasing in Adelaide, the suburb of Oakden has begun decreasing stock as a response to declining demand.

Oakden is less than 30 minutes’ drive from the Adelaide CBD, with the capital being reachable by bus. The R-12 school of Heritage College Adelaide is situated in this suburb as well.

Housing supply decreased by a massive 51.6% in the past 12 months leading up to July 2017 – a move that may have enabled prices to increase slightly, by 0.7% in the same period. With the median house value comfortably under $450,000, however, this remains a highly affordable area. As vacancy rates tighten to an average of just 0.43%, this certainly gives investors a reason to take a closer look.

Close
Metrics i HOUSE UNIT
$442,250 $385,000
0.97% 2.67%
-0.28% N/A
2.08% N/A
$370 N/A
46 10
4.35% N/A
37.86 51.33

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3665
Median household income ($/weekly) 1230
Median age of persons 40
Median housing loan repayment ($/monthly) 1625
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 398 10.9
    25-34 years 502 13.7
    35-44 years 581 15.9
    45-54 years 549 15.0
    55-64 years 459 12.5
    Others 1176 32.1
    Age Group
    Census Count Percent(%)
    Registered Married 1367 51.0
    Not Married 1117 41.7
    Defacto Relationship 194 7.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2497 70.1
    Croatia 110 3.1
    Indonesia 63 1.8
    United Kingdom 235 6.6
    Other 160 4.5
    Others 499 14.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 152 4.5
    Christianity 2150 64.2
    Hinduism 50 1.5
    Islam 48 1.4
    No Religion 909 27.2
    Others 39 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 118 9.2
    $400-$599 126 9.9
    $600-$799 114 8.9
    $1,500-$1,999 166 13.0
    $2,000-$2,499 152 11.9
    Others 600 47.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1144 38.5
    Employed, worked full-time 1081 36.4
    Employed, worked part-time 557 18.8
    Employed, away from work 103 3.5
    Unemployed, looking for work 84 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 207 11.9
    Professionals 421 24.2
    Technicians & trades workers 176 10.1
    Community & personal service workers 202 11.6
    Clerical & administrative workers 305 17.5
    Others 430 24.7
    Occupation
    Census Count Percent(%)
    Pre-school 49 5.7
    Infants/Primary 301 35.1
    Secondary 192 22.4
    Technical or Further Educational Institution 89 10.4
    University or other Tertiary Institutions 194 22.6
    Others 32 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2981 89.2
    Semi-detached, row or terrace house, townhouse 266 8.0
    Flat, unit or apartment 96 2.9
    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 515 37.8
    Rented 479 35.1
    Fully owned 359 26.3
    Other tenure type 11 0.8
    Tenure Type
Census 2011, ABS
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