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 -2.11%.
Comparing Oakden,5086 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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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.