Property investors who have had real estate in Oakden, 5086 should be ok with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.59%
Across a shorter period, Oakden, 5086 has seen a median price increase of 0.56% over the last quarter.
Oakden, 5086 is offering SA ‘s 140th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this SA.
In the last year 43 properties changed hands in Oakden, which puts it as the 212th most active market in SA when comparing the number of sales per suburb.
Oakden is 214th on a list of best yielding suburbs for rents in SA with a 4.30% return
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