Suburb Profile Report for Oakdowns TAS (7019)

Oakdowns House: Median price $436,000, Annual capital growth 4.54%, Number of sales 42, Weekly median advertised rent $420

Oakdowns Unit: Median price $358,000, Annual capital growth 1.79%, Number of sales 27, Weekly median advertised rent $360

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

Property investors who have had real estate in Oakdowns, 7019 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.38%

A 34.57% growth in median value for property investors in Oakdowns,7019 puts this suburb at number 27th in terms of best performing suburbs in TAS

The most recent median price for Oakdowns is $436000, with sellers offering an average of -1.42% off the asking price.

Oakdowns, 7019’s gross rental yield is 5.01%

Property investors who have had real estate in Oakdowns, 7019 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.65%

Over the longer term, Oakdowns has seen property prices show investors a 32.10% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -0.68% to buyers in Oakdowns at the moment, which is less than average for the rest of TAS.

Oakdowns is 31th on a list of best yielding suburbs for rents in TAS with a 5.23% return

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January 2018

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With Hobart continuing its upward trajectory, Oakdowns, which is located close to the inner city, is absorbing the demandFull summary

Sellers and buyers benefit in inner city suburb

Postcode: 7019

Median unit price: $300,000

Three-year growth: 14.3%

Rental yield: 5.0%

With Hobart continuing its upward trajectory, Oakdowns, which is located close to the inner city, is absorbing the demand.

Unit prices rose by 7% in the previous year, and statistics from the November 2017 quarter suggest that this positive trend is set to stay its course. With the median value still quite low at $300,000, it’s no surprise that Oakdowns is on the radar for many buyers, especially investors, seeing as the average return is 5%. Sellers also get a good deal, with the average vendor discount rate coming in at 1.8%.

Many properties in this suburb offer beautiful views of Mount Wellington and Ralph’s Bay. Residents can also spend downtime chilling in Oakdowns Park, which has sports grounds and a playground. There is also a cycling trail leading to Hobart.

Close
Metrics i HOUSE UNIT
$436,000 $358,000
7.65% 3.77%
10.38% 13.65%
4.54% 1.79%
$420 $360
42 27
5.01% 5.23%
17.35 14.75

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 988
Median household income ($/weekly) 1257
Median age of persons 31
Median housing loan repayment ($/monthly) 1690
Average household size 2.4
  • Census Count Percent(%)
    0-4 years 110 11.1
    5-14 years 121 12.3
    20-24 years 90 9.1
    25-34 years 195 19.8
    35-44 years 144 14.6
    Others 327 33.1
    Age Group
    Census Count Percent(%)
    Registered Married 320 47.1
    Not Married 231 34.0
    Defacto Relationship 129 19.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 851 92.3
    Italy 4 0.4
    South Africa 7 0.8
    United Kingdom 37 4.0
    Other 11 1.2
    Others 12 1.3
    Country of Birth
    Census Count Percent(%)
    Christianity 627 72.1
    No Religion 243 27.9
    Buddhism 0 0.0
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 44 12.5
    $1,000-$1,249 44 12.5
    $1,250-$1,499 36 10.2
    $1,500-$1,999 63 17.9
    $2,000-$2,499 44 12.5
    Others 121 34.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 312 44.0
    Not in the labour force 187 26.4
    Employed, worked part-time 166 23.4
    Employed, away from work 30 4.2
    Unemployed, looking for work 14 2.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 66 13.0
    Technicians & trades workers 95 18.8
    Community & personal service workers 70 13.8
    Clerical & administrative workers 104 20.6
    Sales 61 12.1
    Others 110 21.7
    Occupation
    Census Count Percent(%)
    Pre-school 10 5.3
    Infants/Primary 91 48.7
    Secondary 43 23.0
    Technical or Further Educational Institution 13 7.0
    University or other Tertiary Institutions 25 13.4
    Others 5 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 666 73.4
    Semi-detached, row or terrace house, townhouse 241 26.6
    Flat, unit or apartment 0 0.0
    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 212 57.9
    Fully owned 90 24.6
    Rented 64 17.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals