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.
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
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City suburb reduces house supply to boost demand
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