With a capital gain of -1.25% for the last 12 months, Oakdowns, 7019 has performed for property investments than its average annual 2.66% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Oakdowns has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Oakdowns, 7019. Typically our figures indicate that -2.52% is being offered, which puts this TAS suburb at 3621th most discounted overall in Australia.
On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.
Investment property in Oakdowns has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.93%
While Oakdowns,7019 ranked number 44th in TAS for increase in median house value (annualised) increase, it is ranked 34th over the last 5 years.
Property investors looking for a bargain in Oakdowns should be aiming for at least -1.53% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $290 mark per week – giving a return of 4.94% based on the median price in Suburb