TAS has seen average median house prices change by 8.73% which means that Oakdowns, 7019 has done well for property investors by showing a capital gain of 8.51% over the last year
Oakdowns,7019 has offered an average of 8.51% return per annum in house price rises to property investors over the last three years.
Property investors should expect to get $472.5 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Oakdowns, 7019 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -3.73%.
Oakdowns,7019 was ranked 1210 in Australia by increase in median property value over the quarter.
Often selling an investment property can take time, and in Oakdowns the average time real estate has been on the market is 33.8947 days.
Oakdowns, 7019’s gross rental yield is 5.62%
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Long-term potential in this suburb
Median unit price: $352,000
Three-year growth: 29.4%
Rental yield: 5.2%
About 20 minutes’ drive from the Hobart CBD is the suburb of Oakdowns, which offers wonderful views of Mount Wellington and Ralphs Bay.
While Oakdowns itself is a bit thin on available amenities, it is surrounded by suburbs that meet shopping and entertainment needs, such as Lauderdale and Rokeby.
Residents can find rest and relaxation at Oakdowns Park, which has facilities that are perfect for ball games and a playground for kids. An intercity cycle way winds along South Arm Highway.
Oakdowns is on a roll, with unit values soaring by 11.7% over the 12 months to December 2018 to maintain a trend that has been established since 2013. Moreover, properties barely spend any time on the market at all before being snapped up in an average of just 12 days.